TAMPA BAY INNOVATION HUB INC (EIN 824177489) - 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

2018

Legal Domicile

Principal Officer

LAKSHMI SHENOY

Phone

8132288345

Tax Period

2023-01-01 to 2023-12-31

TAMPA BAY INNOVATION HUB INC, founded in 2018, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

TAMPA BAY INNOVATION HUB, DBA EMBARC COLLECTIVE, HELPS TAMPA BAY'S STARTUP TALENT BUILD BOLD, SCALABLE, THRIVING COMPANIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,003,137

Program Service Revenue $716,711

Investment Income $65,946

Other Revenue $0

TOTAL REVENUE $2,785,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,520,796

Fundraising Expenses $240,949

Program Expenses $3,056,757

Other Expenses $2,113,352

TOTAL EXPENSES $3,634,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,785,794	$4,280,835	-0.3%
Expenses	$3,634,148	$3,743,536	0.0%
Net Income	$-848,354	$537,299	-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

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

$475,528

Total Directors

$475,528

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAKSHMI SHENOY	DIRECTOR, CEO	40.00	Officer Director	$429,726	$45,802	$475,528
BRIAN MURPHY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JEFF VINIK	BOARD CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
JACK SHIELDS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LISA CZACHOR	TREASURER	4.00	Officer Director	$0	$0	$0
JIM O'CONNELL	SECRETARY	3.00	Officer Director	$0	$0	$0
ALEX JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
JASON KUHN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA WHITE PHD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WYSOCHI	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY KUHN	BOARD OBSERVER	1.00	Director	$0	$0	$0
BEN PRATT	BOARD OBSERVER	1.00	Director	$0	$0	$0
ALLISON FELIX	VP PLATFORM	40.00	Highest	$161,383	$26,962	$188,345
DANIEL HOLAHAN	VP MEMBERSHIP	40.00	Highest	$104,257	$10,358	$114,615
KELLY KEHOE	VP FINANCE	40.00	Highest	$118,781	$14,623	$133,404

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	$2,785,794	$3,634,148	$18,406,369	$-848,354
2022	$4,280,835	$3,743,536	$19,996,780	$537,299
2021	$1,449,779	$3,462,294	$11,973,140	$-2,012,515
2020	$4,568,115	$2,774,682	$14,630,343	$1,793,433
2019	$6,038,114	$1,366,300	$17,228,845	$4,671,814
2018	$1,000,000	$720,025	$374,867	$279,975

TAMPA BAY INNOVATION HUB INC