Dimension Mill INC

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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

John Fernandez

Phone

3179652155

Tax Period

2024-01-01 to 2024-12-31

Dimension Mill INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

The Mill's mission is to build and nurture Bloomington's startup ecosystem. The Mill's vision is to become the center of tech entrepeneurship in Indiana.

Program Service Accomplishments

Program 1

Expenses: $831,830 Revenue: $537,733

Operated Cowork Program to support the technology and innovation community by providing workspace, producing events, and developing programming.

Program 2

Expenses: $581,935 Revenue: $472,646

Provided Startup Programming including tailored support and programming for startups.

Program 3

Expenses: $275,978 Revenue: $200,000

OperatedTrades District Activation Program which provides tailored support and programming for growing companies and the innovation ecosystem.

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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 $847,275

Program Service Revenue $1,304,868

Investment Income $23,882

Other Revenue $902

TOTAL REVENUE $2,176,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,398,736

Fundraising Expenses $198,082

Program Expenses $1,689,743

Other Expenses $1,064,622

TOTAL EXPENSES $2,463,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,176,927	$1,918,298	+0.1%
Expenses	$2,463,358	$2,017,512	+0.2%
Net Income	$-286,431	$-99,214	+1.9%

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

N/A

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

$21,572

Key Employees

$396,176

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karin St John	Board Member	2.00	Director	$0	$0	$0
Ravi Bhatt	Chair	2.00	Officer Director	$0	$0	$0
Cindy Kinnarney	Treasurer	2.00	Officer Director	$0	$0	$0
Beka Mech	Vice Chair	2.00	Officer Director	$0	$0	$0
Michelle Cole	Board Member	2.00	Director	$21,572	$0	$21,572
Jeana Finlinson	Board Member	2.00	Director	$0	$0	$0
Nate Lattimer	Secretary	2.00	Officer Director	$0	$0	$0
Chelsea Linder	Board Member	2.00	Director	$0	$0	$0
Donald Lukes	Board Member	2.00	Director	$0	$0	$0
Jen Pearl	Board Member	2.00	Director	$0	$0	$0
Tina Peterson	Board Member	2.00	Director	$0	$0	$0
Brooke Pyne	Board Member	2.00	Director	$0	$0	$0
Rahul Shrivastav	Board Member	2.00	Director	$0	$0	$0
Eli Serrano	Board Member	2.00	Director	$0	$0	$0
Ben Swanson	Board Member	2.00	Director	$0	$0	$0
Kerry Thomson	Board Member	2.00	Director	$0	$0	$0
Mike Trotzke	Board Member	2.00	Director	$0	$0	$0
Derek Whitley	Board Member	2.00	Director	$0	$0	$0
Jason Whitney	Board Member	2.00	Director	$0	$0	$0
Darrian Mikell	Board Member	2.00	Director	$0	$0	$0
Shaun McDermott	Board Member	2.00	Director	$0	$0	$0
Drushya Musham	Board Member	2.00	Director	$0	$0	$0
Erik Coyne	Board Member	2.00	Director	$0	$0	$0
Pat East	Past Executive Dir.	40.00	Key Emp	$157,668	$26,520	$184,188
John Fernandez	CEO & Past Senior VP	40.00	Key Emp	$185,468	$26,520	$211,988
Anne McCombe	Board Member	2.00		$22,425	$0	$22,425

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	$2,176,927	$2,463,358	$2,741,462	$-286,431
2023	$1,918,298	$2,017,512	$2,188,013	$-99,214
2022	$1,279,893	$1,759,366	$1,860,065	$-479,473
2021	$956,907	$1,247,505	$1,112,801	$-290,598
2020	$762,756	$1,141,304	$657,870	$-378,548
2019	$565,041	$619,701	$540,606	$-54,660
2018	$811,887	$151,874	$1,074,908	$660,013