SKY CITY INITIATIVE INC

🔒

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

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

JEREMY LADUKE

Phone

8655671906

Tax Period

2023-01-01 to 2023-12-31

SKY CITY INITIATIVE INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $147K in total revenue in fiscal year 2023. Expenses of $182K exceeded revenue, resulting in a 24% operating deficit.

Mission

ATTRACT AND SUPPORT ENTREPRENEURS IN BLOUNT COUNTY TENNESSEE AND GIVE THEM THE TRAINING AND ASSISTANCE FOR SUCESS.

Program Service Accomplishments

Program 1

Expenses: $148,139 Revenue: $147,097

2023 ACHIEVEMENTS: LAUNCHED 3RD AND 4TH COHORTS OF THE CO.STARTERS BUSINESS STARTUP CURRICULUM AND ADDED CO.STARTERS BOOTCAMP WEEKEND INTENSIVE. CREATED THE LAUNCHPAD PITCH CONTEST EVENT TO RAISE...

2023 ACHIEVEMENTS: LAUNCHED 3RD AND 4TH COHORTS OF THE CO.STARTERS BUSINESS STARTUP CURRICULUM AND ADDED CO.STARTERS BOOTCAMP WEEKEND INTENSIVE. CREATED THE LAUNCHPAD PITCH CONTEST EVENT TO RAISE FUNDS AND SHOWCASE LOCAL ENTREPRENEURS. SAW GROWTH OF USE IN OUR CO-WORKING SPACE AND EVENT CENTER.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $147,097

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $147,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,636

Fundraising Expenses $0

Program Expenses $148,139

Other Expenses $129,758

TOTAL EXPENSES $182,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,097	$148,562	0.0%
Expenses	$182,394	$167,061	+0.1%
Net Income	$-35,297	$-18,499	+0.9%

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

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

Total Directors

$48,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY LADUKE	PRESIDENT	3.00	Officer Director	$0	$0	$0
LEIGH COWDEN	TREASURER	3.00	Officer Director	$0	$0	$0
TAMMI FORD	SECRETARY	3.00	Officer Director	$0	$0	$0
ANNA GRAHAM	DIRECTOR	3.00	Director	$0	$0	$0
ABHIJIT VEREKAR	DIRECTOR	3.00	Director	$0	$0	$0
LANE SHULER	DIRECTOR	3.00	Director	$0	$0	$0
SHANNON BRYANT	EXECUTIVE DIRECTOR	40.00	Director	$48,372	$564	$48,936

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	$147,097	$182,394	$49,522	$-35,297
2022	$148,562	$167,061	$79,825	$-18,499
2021	$181,861	$121,382	$97,618	$60,479