CENTRAL FLORIDA INCUBATOR 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

2021

Legal Domicile

Principal Officer

MARSHALL GOODMAN

Phone

8639498334

Tax Period

2022-01-01 to 2022-12-31

CENTRAL FLORIDA INCUBATOR INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $331K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $403K exceeded revenue, resulting in a 22% operating deficit.

Mission

WE ENVISION THRIVING COMMUNITIES SUSTAINED BY SUPERIOR EDUCATIONAL OPPORTUNITIES, AN INNOVATIVE ENTREPRENEURIAL ENVIRONMENT, BUSINESS INCUBATION AND ANGEL INVESTMENT.

Program Service Accomplishments

Program 1

SUCCESSFULLY WORKED WITH MULTIPLE REGIONAL NON-PROFITS IN POLK CO, HARDEE CO. AND HIGHLANDS CO. TO PROMOTE ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT. KEY PARTNERS WERE SOUTH FLORIDA STATE...

SUCCESSFULLY WORKED WITH MULTIPLE REGIONAL NON-PROFITS IN POLK CO, HARDEE CO. AND HIGHLANDS CO. TO PROMOTE ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT. KEY PARTNERS WERE SOUTH FLORIDA STATE COLLEGE, HARDEE COUNTY ECONOMIC DEVELOPMENT COUNCIL, LAKE WALES CHAMBER OF COMMERCE, AND LAKE WALES MAIN STREET.

Program 2

DEVELOPED AND OPERATED A NON-PROFIT STORE-FRONT (THE STUDIO OF LAKE WALES) LOCATED AT 208 E. STUART AVENUE IN DOWNTOWN LAKE WALES THAT PROVIDED MENTORING SERVICES, OFFICE SPACE, AND TECHNICAL TOOLS AND INTERNET ACCESS TO START-UP SMALL BUSINESSES, LOCAL ENTREPRENEURS AND MINORITY AND WOMEN- OWNED ENTERPRISES.

Program 3

SUCCESSFULLY DEVELOPED A PLAN TO DEVELOP WITH SOUTH FLORIDA STATE COLLEGE IN AVON PARK FLORIDA, A CULINARY INCUBATOR TO BE BASED ON THEIR CAMPUS. THE PLAN WAS UNANIMOUSLY APPROVED BY THEIR BOARD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $330,126

Program Service Revenue $468

Investment Income $10

Other Revenue $0

TOTAL REVENUE $330,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,860

Fundraising Expenses $0

Other Expenses $131,545

TOTAL EXPENSES $403,405

Year-over-Year Comparison

	2022	2021	Change
Revenue	$330,604	$298,999	+0.1%
Expenses	$403,405	$155,961	+1.6%
Net Income	$-72,801	$143,038	-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

$270,617

Total Directors