Sprocket Inc

EIN: 822967525 501(c)(3) Education

Paducah, KY

Total Revenue
$969,651
Total Expenses
$789,420
Total Assets
$2,873,721
Net Assets
$1,152,138
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
KY
Principal Officer
Monica Bilak
Phone
2705568240
Tax Period
2024-07-01 to 2025-06-30

Sprocket Inc, founded in 2018, is a small nonprofit in the Education sector that reported $970K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $180K, a strong 19% operating margin.

Mission

We serve as a pilot to help develop educational programs for the Paducah Innovations Hub as well as Entreprenuerial Innovations in the region.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $846,979
Program Service Revenue $117,030
Investment Income $5,642
Other Revenue $0
TOTAL REVENUE $969,651

Expense Breakdown

Grants Paid $67,217
Salaries & Benefits $318,824
Fundraising Expenses $0
Program Expenses $572,716
Other Expenses $403,379
TOTAL EXPENSES $789,420

Year-over-Year Comparison

2024 2023 Change
Revenue $969,651 $1,039,442 -0.1%
Expenses $789,420 $758,470 +0.0%
Net Income $180,231 $280,972 -0.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
7
Volunteers
8

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
4
$0
Total Directors
5
$111,300
Key Employees
1
$111,300
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Monica Bilak Executive Director 40.00
Director Key Emp Highest
$111,300 $0 $111,300
Inez Hutchins Board Chair 1.00
Officer Director
$0 $0 $0
Jared Riley Vice Chair 1.00
Officer Director
$0 $0 $0
Terry Bradley Treasurer 1.00
Officer Director
$0 $0 $0
Terri Lundberg Secretary 1.00
Officer Director
$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 $969,651 $789,420 $2,873,721 $180,231
2024 No data No data No data No data
2023 $1,029,539 $889,450 $2,740,633 $140,089
2022 $978,676 $1,027,638 $1,447,101 $-48,962
2021 $856,680 $554,963 $492,688 $301,717
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Sprocket Inc with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.