NORTHERN ARIZONA TECHNOLOGY & BUSINESS INCUBATOR INC (EIN 861019180) - 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

2001

Legal Domicile

Principal Officer

L SCOTT HATHCOCK

Phone

9282139234

Tax Period

2024-07-01 to 2025-06-30

NORTHERN ARIZONA TECHNOLOGY & BUSINESS INCUBATOR INC, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $208K, a strong 17% operating margin.

Mission

TO FACILITATE ECONOMIC GROWTH AND TO PROVIDE JOB CREATION AND EXPANSION OF THE LOCAL TAX BASE BY TRANSFORMING START-UP COMPANIES INTO SUCCESSFUL BUSINESS VENTURES.

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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 $894,168

Program Service Revenue $341,373

Investment Income $19

Other Revenue $13,613

TOTAL REVENUE $1,249,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,830

Fundraising Expenses $128,006

Program Expenses $742,373

Other Expenses $489,272

TOTAL EXPENSES $1,041,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,249,173	$959,359	+0.3%
Expenses	$1,041,102	$1,118,077	-0.1%
Net Income	$208,071	$-158,718	-2.3%

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

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

$338,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY DAVIES	VICE CHAIR	0.70	Director	$0	$0	$0
MACKENZIE FITZ-GERALD	DIRECTOR	0.70	Director	$0	$0	$0
JEN NORDSTROM	TRESURER	0.70	Director	$0	$0	$0
JILL HOWARD ALLEN	CHAIR	0.70	Director	$0	$0	$0
DAVID JOHNS	SECRETARY	0.70	Director	$0	$0	$0
ROBERT THEOBALD	DIRECTOR	0.70	Director	$0	$0	$0
ANDRE WHITTINGTON	DIRECTOR	0.70	Director	$0	$0	$0
DAVID MCINTIRE	DIRECTOR	0.70	Director	$0	$0	$0
PAUL SCIAME	DIRECTOR	0.70	Director	$0	$0	$0
L SCOTT HATHCOCK	CEO	40.00	Officer	$126,735	$11,166	$137,901
DONNA EASTMAN LIDDLE	CFO	40.00	Officer	$102,807	$125	$102,932
KIERSTEN HATHCOCK	CMO	40.00	Officer	$88,535	$9,251	$97,786
SHERRI ONDRUS LEWIS	CLO	40.00	Officer	$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	$1,249,173	$1,041,102	$824,322	$208,071
2024	$959,359	$1,118,077	$448,595	$-158,718
2023	$1,262,403	$1,155,983	$571,833	$106,420
2022	$1,388,863	$1,397,009	$471,298	$-8,146
2021	$963,553	$918,703	$421,992	$44,850
2020	$899,599	$962,834	$268,859	$-63,235
2019	$981,784	$928,860	$293,418	$52,924

NORTHERN ARIZONA TECHNOLOGY & BUSINESS INCUBATOR INC