BOUNCE INNOVATION HUB

EIN: 823351373 501(c)(3) Community Improvement

AKRON, OH

Total Revenue
$4,074,558
Total Expenses
$3,653,947
Total Assets
$2,283,894
Net Assets
$1,389,165
🔒

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
2017
Legal Domicile
OH
Principal Officer
JESSICA SUBLETT
Phone
3307857403
Tax Period
2023-01-01 to 2023-12-31

BOUNCE INNOVATION HUB, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 10% surplus.

Mission

BOUNCE CATALYZES ENTREPRENEURSHIP AND INNOVATION BY PROVIDING CONNECTIONS, RESOURCES AND EXPERTISE TO BUILD A VIBRANT COMMUNITY. BOUNCE PROVIDES SERVICES AND TECHNICAL ASSISTANCE TO EARLY STAGE AND SMALL BUSINESSES FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $2,639,930 Revenue: $875,529

ENTREPRENEURIAL SERVICE PROVIDER (ESP) PROGRAM:BOUNCE'S ESP PROGRAM OFFERS AFFORDABLE OFFICE, LAB, AND LIGHT MANUFACTURING SPACE COUPLED WITH EXPERT BUSINESS COUNSELING AND ADVISING, MENTORING...

Read more

ENTREPRENEURIAL SERVICE PROVIDER (ESP) PROGRAM:BOUNCE'S ESP PROGRAM OFFERS AFFORDABLE OFFICE, LAB, AND LIGHT MANUFACTURING SPACE COUPLED WITH EXPERT BUSINESS COUNSELING AND ADVISING, MENTORING SERVICES, AND NETWORKING OPPORTUNITIES. THE ESP PROGRAM ALSO PROVIDES ADVISING, TECHNICAL ASSISTANCE, COACHING, AND NETWORKING OPPORTUNITIES TO EARLY STAGE SOFTWARE COMPANIES IN ORDER TO ASSIST THEM IN DEVELOPING AND LAUNCHING THEIR FIRST MINIMUM VIABLE PRODUCT. IN 2023, THE ESP PROGRAM AT BOUNCE SERVED 76 CLIENTS.

Program 2
Expenses: $108,800

GENERATOR SPACE:BOUNCE'S GENERATOR SPACE CONSISTS OF A PUBLIC COWORKING SPACE, CONFERENCE ROOMS, EVENT SPACE, WORKSHOP, AND CAF. IN 2022, 16,600 PEOPLE VISITED THE BOUNCE FACILITY FOR EVENTS...

Read more

GENERATOR SPACE:BOUNCE'S GENERATOR SPACE CONSISTS OF A PUBLIC COWORKING SPACE, CONFERENCE ROOMS, EVENT SPACE, WORKSHOP, AND CAF. IN 2022, 16,600 PEOPLE VISITED THE BOUNCE FACILITY FOR EVENTS, NETWORKING, AND MEETINGS WITH RESIDENT COMPANIES. THE GENERATOR IS DESIGNED TO CONNECT THE COMMUNITY, CORPORATIONS, AND UNIVERSITIES WITH THE ENTREPRENEURIAL ECOSYSTEM AND TO FACILITATE MEANINGFUL COLLISIONS THAT CATALYZE ECONOMIC DEVELOPMENT.

Program 3
Expenses: $221,401

GROW:BOUNCE'S GROW PROGRAM SERVES SMALL BUSINESSES THROUGH COHORT TRAINING CLASSES, ONE-ON-ONE BUSINESS COUNSELING, AND NETWORKING OPPORTUNITIES. THE GROW PROGRAM IS FOCUSED ON SERVING MINORITY...

Read more

GROW:BOUNCE'S GROW PROGRAM SERVES SMALL BUSINESSES THROUGH COHORT TRAINING CLASSES, ONE-ON-ONE BUSINESS COUNSELING, AND NETWORKING OPPORTUNITIES. THE GROW PROGRAM IS FOCUSED ON SERVING MINORITY ENTREPRENEURS AND PEOPLE OF COLOR, PARTICULARLY THOSE WHO ARE HISTORICALLY UNDERREPRESENTED AS BUSINESS OWNERS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $3,169,674
Program Service Revenue $1,063,517
Investment Income $3,598
Other Revenue $-162,231
TOTAL REVENUE $4,074,558

Expense Breakdown

Grants Paid $18,000
Salaries & Benefits $2,412,246
Fundraising Expenses $145,732
Program Expenses $2,970,131
Other Expenses $1,223,701
TOTAL EXPENSES $3,653,947

Year-over-Year Comparison

2023 2022 Change
Revenue $4,074,558 $3,200,814 +0.3%
Expenses $3,653,947 $3,533,047 +0.0%
Net Income $420,611 $-332,233 -2.3%
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
9
Independent Members
9
Employees
26
Volunteers
10

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
6
$411,674
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANS DORFI CHAIR 4.00
Officer Director
$0 $0 $0
JOHN DEARBORN TREASURER 3.00
Officer Director
$0 $0 $0
DEBORAH HOOVER BOARD MEMBER 3.00
Officer Director
$0 $0 $0
BRADLEY HELFMAN ASSISTANT SECRETARY 3.00
Director
$0 $0 $0
LAURA BENNETT BOARD MEMBER 3.00
Director
$0 $0 $0
DAVID ZIPPER BOARD MEMBER 3.00
Director
$0 $0 $0
RJ NEMER BOARD MEMBER 3.00
Director
$0 $0 $0
BILLY TAYLOR BOARD MEMBER 3.00
Director
$0 $0 $0
DOUG WEINTRAUB BOARD MEMBER 3.00
Director
$0 $0 $0
JESSICA SUBLETT CEO 40.00
Officer
$214,000 $7,400 $221,400
SUSAN BERG HERMAN CAO 40.00
Officer
$110,001 $4,648 $114,649
JENNIFER KELSCH CFO 20.00
Officer
$75,000 $625 $75,625
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
2024 No data No data No data No data
2023 $4,074,558 $3,653,947 $2,283,894 $420,611
2022 $3,200,814 $3,533,047 $1,749,505 $-332,233
2021 $3,096,844 $3,201,308 $1,997,526 $-104,464
2020 $2,950,086 $2,881,184 $2,024,096 $68,902
2019 $2,799,178 $2,376,690 $2,025,826 $422,488
2018 $2,045,836 $1,285,460 $1,158,381 $760,376
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BOUNCE INNOVATION HUB with other nonprofits in Ohio and across the country.