SYNC SPACE ENTREPRENEUR CENTER (EIN 844153185) - 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

2020

Legal Domicile

Principal Officer

HEATH GUINN

Phone

4235234351

Tax Period

2024-07-01 to 2025-06-30

SYNC SPACE ENTREPRENEUR CENTER, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $457K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

SYNC SPACE IS AN ENTREPRENEUR CENTER WITH ACCELERATOR PROGRAMS THAT UNIQUELY FOCUS ON THE SUPPORT OF LOCAL AND RECRUITED STARTUPS THAT ARE CONSIDERING NORTHEAST TN AS A PLACE TO GROW OR EXPAND THEIR BUSINESS

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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 $456,808

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $456,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,493

Fundraising Expenses $0

Program Expenses $445,681

Other Expenses $264,360

TOTAL EXPENSES $495,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,808	$641,438	-0.3%
Expenses	$495,853	$565,429	-0.1%
Net Income	$-39,045	$76,009	-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

$124,800

Total Directors

$124,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATH GUINN	PRESIDENT, ED	40.00	Officer Director	$124,800	$0	$124,800
PAT SHULL	CHAIRMAN	2.00	Director	$0	$0	$0
RICHARD VENABLE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
MORRIS BAKER	DIRECTOR	2.00	Director	$0	$0	$0
TODD FOWLER	DIRECTOR	2.00	Director	$0	$0	$0
DWIGHT KING	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ROSE	DIRECTOR	2.00	Director	$0	$0	$0
LOGAN MCCABE	DIRECTOR	2.00	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
2025	$456,808	$495,853	$182,863	$-39,045
2024	$641,438	$565,429	$217,079	$76,009
2023	$489,120	$496,107	$113,186	$-6,987
2022	$347,750	$481,444	$108,804	$-133,694
2021	$551,410	$506,178	$247,405	$45,232

SYNC SPACE ENTREPRENEUR CENTER