MODEL CITY MAKERSPACE THE INVENTOR CENTER (EIN 822571762) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

LIZ BENNETT

Phone

4235347389

Tax Period

2024-07-01 to 2025-06-30

MODEL CITY MAKERSPACE THE INVENTOR CENTER, founded in 2017, is a micro nonprofit in the Science & Technology sector that reported $53K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 60% operating deficit.

Mission

MODEL CITY MAKERSPACE AIMS TO CREATE A WORLD CLASS CENTER FOR LEARNING AND PRODUCT DEVELOPMENT BY PROVIDING THE TOOLS AND NETWORKS NEEDED TO PROPEL PRODUCT CENTEREDENTREPRENEURSHIP, INSPIRING INVENTORS THROUGHOUT THE REGION, NATION AND WORLD TO START THEIR BUSINESSES IN KINGSPORT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,240

Program Service Revenue $0

Investment Income $0

Other Revenue $3,112

TOTAL REVENUE $53,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,073

Fundraising Expenses $0

Program Expenses $21,180

Other Expenses $58,180

TOTAL EXPENSES $85,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,352	$91,495	-0.4%
Expenses	$85,253	$100,346	-0.2%
Net Income	$-31,901	$-8,851	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LUCY FLEMING	PAST PRESIDENT	Director	$0	$0	$0
TOM SEGLEHORST	BOARD MEMBER	Director	$0	$0	$0
TIM SIGLIN	BOARD MEMBER	Director	$0	$0	$0
AMIR ALESADI	MEMBER REP	Director	$0	$0	$0
RUTH LEONARD	BOARD MEMBER	Director	$0	$0	$0
DUSTY PARSONS	BOARD MEMBER	Director	$0	$0	$0
BILL SUMNER	BOARD MEMBER	Director	$0	$0	$0
LINORE HUSS	CITY LIAISON	Director	$0	$0	$0
MARK EWING	PRESIDENT, MEMBER REP	Officer	$0	$0	$0
CASEY SALYER	VICE PRES, MEMBER REP	Officer	$0	$0	$0
LIZ BENNETT	TREASURER	Officer	$0	$0	$0
ANDY FOSTER	SECRETARY, MEMBER REP	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$53,352	$85,253	$250,226	$-31,901
2024	$91,495	$100,346	$282,127	$-8,851
2023	$57,919	$94,356	$291,727	$-36,437
2022	$84,801	$81,640	$327,415	$3,161
2021	$85,093	$91,510	$324,254	$-6,417
2020	$355,923	$25,252	$342,990	$330,671

MODEL CITY MAKERSPACE THE INVENTOR CENTER