INNOVATION CENTER STOUGHTON INC (EIN 872329092) - 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

2021

Legal Domicile

Principal Officer

Katrina Becker

Phone

6082184292

Tax Period

2022-01-01 to 2022-12-31

INNOVATION CENTER STOUGHTON INC, founded in 2021, is a small nonprofit in the Education sector that reported $129K in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $128K, a strong 99% operating margin.

Mission

Innovation Center Stoughton exposes people to what's possible through community outreach, technical awareness, and business incubation and resources. The organization will 1) Educate, guide, coordinate, and grow the Stoughton Area School District's FabLab program into a community-based innovation center. 2) Build and administer the Innovation Center and lifelong learning network. 3) Encourage and build financial support from the community and region for programs administered by Innovation Center Inc.

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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 $127,925

Program Service Revenue $0

Investment Income $1,358

Other Revenue $0

TOTAL REVENUE $129,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,777

TOTAL EXPENSES $1,777

Year-over-Year Comparison

	2022	2021	Change
Revenue	$129,283	$382,604	-0.7%
Expenses	$1,777	$1,776	+0.0%
Net Income	$127,506	$380,828	-0.7%

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

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
Mike Connor	Board President	3	Director	$0	$0	$0
Tim Swadley	Board Treasurer	1	Director	$0	$0	$0
Carl Chenoweth	Board Secretary	1	Director	$0	$0	$0
Cary Bremigan	Board Vice President	1	Director	$0	$0	$0
Dan Keyser	Board Member	0.5	Director	$0	$0	$0
Sarah Ebert	Board Member	0.5	Director	$0	$0	$0
Greta Anderson	Board Member	0	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
2022	$129,283	$1,777	$380,828	$127,506

INNOVATION CENTER STOUGHTON INC