GROWCO COLUMBIA 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

2019

Legal Domicile

Principal Officer

SAMUEL HERSKOVITZ

Phone

8035291112

Tax Period

2024-01-01 to 2024-12-31

GROWCO COLUMBIA INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $368K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 16% operating margin.

Mission

GROWCO'S MISSION IS TO INSPIRE AND SUPPORT HIGH GROWTH/HIGH TECH FOUNDERS ALONG THEIR ENTIRE ENTREPRENEURIAL JOURNEY AND CREATE AN INCLUSIVE CULTURE OF ENTREPRENEURSHIP FOR THE COLUMBIA METROPOLITAN AREA AT THE BOYD INNOVATION CENTER.

Program Service Accomplishments

Program 1

Expenses: $238,499 Revenue: $-60,228

SUPPORTING AND INSPIRING ENTREPRENEURS THROUGH REGULAR NETWORKING MEETINGS, MONTHLY EDUCATIONAL SEMINARS, AND MENTORING PROGRAMS

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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 $428,109

Program Service Revenue $0

Investment Income $0

Other Revenue $-60,228

TOTAL REVENUE $367,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,474

Fundraising Expenses $16,448

Program Expenses $238,499

Other Expenses $144,802

TOTAL EXPENSES $309,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,881	$381,148	0.0%
Expenses	$309,276	$511,148	-0.4%
Net Income	$58,605	$-130,000	-1.5%

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

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

$101,778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BOCCANFUSO	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HEIVLY	DIRECTOR	4.00	Director	$0	$0	$0
CAROLINE CROWDER	EXECUTIVE DIRECTOR	40.00	Director	$101,778	$0	$101,778
JOE WILCZEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
TRACY DUNN	DIRECTOR	1.00	Director	$0	$0	$0
LANFORD HOLLOWAY	PRESIDENT	2.00	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
2024	$367,881	$309,276	$351,146	$58,605
2023	$381,148	$511,148	$284,755	$-130,000
2022	$601,619	$223,012	$464,895	$378,607