SLINGSHOT INCUBATOR INC

EIN: 851888443 501(c)(3) Human Services

BURBANK, CA

Total Revenue
$1,000
Total Expenses
$1,290
Total Assets
$2,183
Net Assets
$2,183
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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
CA
Principal Officer
MADISON MERRITT
Phone
3103002902
Tax Period
2023-01-01 to 2023-12-31

SLINGSHOT INCUBATOR INC, founded in 2020, is a micro nonprofit in the Human Services sector that reported $1K in total revenue in fiscal year 2023. Expenses of $1K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE SPECIFIC PURPOSE OF THE CORPORATION IS TO PROVIDE ACCELERATED ENTREPRENEURIAL OPPORTUNITIES FOR AFRICAN AMERICANS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,290
TOTAL EXPENSES $1,290

Year-over-Year Comparison

2023 2022 Change
Revenue $1,000 $1,000 N/A
Expenses $1,290 $2,825 -0.5%
Net Income $-290 $-1,825 -0.8%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HABER DIRECTOR, TREASURER N/A
Officer Director
$0 $0 $0
JONATHAN KADIN DIRECTOR, SECRETARY N/A
Officer Director
$0 $0 $0
MADISON MERRITT DIRECTOR, PRESIDENT N/A
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 No data No data No data No data
2023 $1,000 $1,290 $2,183 $-290
2022 $1,000 $2,825 $2,473 $-1,825
2021 No data $3,662 $4,073 No data
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