BIRMINGHAM, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARDWARE PARK, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 330% from the prior year, signaling strong growth momentum. The organization ran a surplus of $730K, a strong 62% operating margin.
TO PROMOTE THE GROWTH OF DESIGN, ENGINEERING, AND MANUFACTURING OF PHYSICAL PRODUCTS IN ALABAMA. FOCUSES ON EQUIPPING HIGH SCHOOL AND COLLEGE STUDENTS WITH SPECIALIZED SKILLS AND KNOWLEGE WHILE ALSO EDUCATING PROFESSIONALS ON TURNING THEIR INNOVATIONS INTO REALITY.
HARDWARE PARK ADVANCED THEIR NEXT GENERATION (NEXTGEN) PROGRAM THAT PROVIDED FUNDING FOR 3 COHORTS OF INTERNS IN 2024. THE SPRING COHORT WAS 12 WEEKS AND INCLUDED 12 PART-TIME INTERNS AND CARRIED OUT...
HARDWARE PARK ADVANCED THEIR NEXT GENERATION (NEXTGEN) PROGRAM THAT PROVIDED FUNDING FOR 3 COHORTS OF INTERNS IN 2024. THE SPRING COHORT WAS 12 WEEKS AND INCLUDED 12 PART-TIME INTERNS AND CARRIED OUT INITIAL RESEARCH AND DESIGN FOR OD REVIVE, A BIRMINGHAM-BASED CONCEPT-STAGE STARTUP. THE FOUNDER OF OD REVIVE CAME TO THEM WITH AN IDEA FOR A WEARABLE DEVICE THAT COULD BE USED TO DETECT SYMPTOMS OF AN OPIOID OVERDOSE AND SEND ALERTS TO A NETWORK OF FRIENDS AND FAMILY WHEN THE SYMPTOMS WERE INDICATIVE OF AN OVERDOSE. THE SUMMER COHORT WAS 8 WEEKS AND INCLUDED 10 FULL-TIME INTERNS. ONE TEAM WORKED FOR A COMPANY IN MONTGOMERY TO DESIGN A NEW, MORE FUNCTIONAL VERSION OF A WEARABLE DEVICE USED IN BEHAVIORAL CARE FACILITIES. THE OTHER TEAM (ACCESSIRISE) TACKLED A PROBLEM STATEMENT FROM THE ALABAMA DEPARTMENT OF REHABILITATION SERVICES. THEY DEVELOPED A TRULY PORTABLE WHEELCHAIR RAMP THAT COULD ATTACH TO A WHEELCHAIR AND BE DEPLOYED BY USERS WHO STILL HAVE REASONABLE UPPER-BODY MOBILITY AND STRENGTH. THE FALL COHORT WAS 12 WEEKS AND INCLUDED 10 PART-TIME INTERNS. ONE 3-PERSON TEAM (ENDOSWIPE) WORKED TO CREATE A MECHANISM TO CLEAN THE LENS OF AN ENDOSCOPE DURING A PROCEDURE. ANOTHER 4-PERSON TEAM WORKED WITH A CONCEPT-STAGE STARTUP THAT HAD JUST WON ALABAMA LAUNCHPAD'S CONCEPT STAGE COMPETITION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,170,761 | $272,365 | +3.3% |
| Expenses | $440,725 | $21,912 | +19.1% |
| Net Income | $730,036 | $250,453 | +1.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATTHEW BRUCE FITZGERALD | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ARNAR THORS | VICE PRESIDENT/SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG GARRISON | MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| MARK CONNER | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$50,000 | $0 | $50,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,170,761 | $440,725 | $1,136,400 | $730,036 |
| 2023 | $272,365 | $21,912 | $265,167 | $250,453 |
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