INCUBATE (EIN 854136963) - 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

LINDSAY ANDROSKI

Phone

2026295190

Tax Period

2023-01-01 to 2023-12-31

INCUBATE, founded in 2020, is a small nonprofit that reported $995K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

INCUBATE IS A 501(C)(4) ORGANIZATION OF VENTURE CAPITAL FIRMS REPRESENTING THE PATIENT, CORPORATE, AND INVESTMENT COMMUNITIES, WHOSE PRIMARY AIM IS TO EDUCATE POLICYMAKERS ON THE ROLE OF INVESTMENTS IN BRINGING PROMISING TREATMENTS TO PATIENTS IN NEED. INCUBATE HELPS TO ENSURE PATIENTS CONTINUE TO BENEFIT FROM THE UNRELENTING INNOVATION SPURRED BY VENTURE CAPITAL INVESTMENT IN THE LIFE SCIENCES AND PROTECTED BY AMERICA'S INTELLECTUAL PROPERTY SYSTEM.

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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 $995,000

Program Service Revenue $0

Investment Income $261

Other Revenue $0

TOTAL REVENUE $995,261

Expense Breakdown

Grants Paid $62,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $991,536

Other Expenses $1,014,571

TOTAL EXPENSES $1,077,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$995,261	$715,051	+0.4%
Expenses	$1,077,071	$728,440	+0.5%
Net Income	$-81,810	$-13,389	+5.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE BRENNAN	SECRETARY	4.00	Officer Director	$0	$0	$0
LAURA GUNTER	TREASURER	4.00	Officer Director	$0	$0	$0
LINDSAY ANDROSKI	PRESIDENT	4.00	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	No data	No data	No data	No data
2023	$995,261	$1,077,071	$112,251	$-81,810
2022	$715,051	$728,440	$194,061	$-13,389
2021	$2,275,055	$2,202,719	$239,450	$72,336

INCUBATE