SALT LICK INCUBATOR INC (EIN 882523319) - 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

2022

Legal Domicile

Principal Officer

ROGER H BROWN JR

Phone

7045026857

Tax Period

2024-07-01 to 2025-06-30

SALT LICK INCUBATOR INC, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $906K, a strong 48% operating margin.

Mission

SALT LICK INCUBATOR SUPPORTS EMERGING MUSICIANS WITH GRANTS, COLLABORATIVE OPPORTUNITIES, STRATEGY, COMMUNICATION, MARKETING SUPPORT, AND DATA ANALYTICS, KNIT TOGETHER BY AN OVERARCHING FOCUS ON WELLNESS. WE ASSEMBLE A SUPPORTIVE COMMUNITY OF ARTISTS OPERATING WITHIN AN EXPLOITATION FREE ECOSYSTEM OF PARTNERS WHO HELP DEVELOPING ARTISTS DISCOVER PATHWAYS TO SUSTAINABLE CAREERS. WE WILL ASPIRE TO KEEP THE PRIMARY FOCUS ON THE PROFOUNDLY BEAUTIFUL ACT OF CREATING MUSIC.

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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 $1,793,037

Program Service Revenue $0

Investment Income $108,802

Other Revenue $2,065

TOTAL REVENUE $1,903,904

Expense Breakdown

Grants Paid $196,590

Salaries & Benefits $306,960

Fundraising Expenses $0

Program Expenses $852,694

Other Expenses $494,563

TOTAL EXPENSES $998,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,903,904	$2,391,398	-0.2%
Expenses	$998,113	$978,952	+0.0%
Net Income	$905,791	$1,412,446	-0.4%

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

$129,072

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZA LEVY	PRESIDENT	40.00	Officer	$125,313	$3,759	$129,072
ROGER H BROWN JR	CHAIRMAN	16.00	Officer Director	$0	$0	$0
MICHAEL EISENSON	TREASURER	16.00	Officer Director	$0	$0	$0
LINDA A MASON	SECRETARY	1.00	Officer Director	$0	$0	$0
LAWRENCE J SIMPSON	DIRECTOR	1.00	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
2025	$1,903,904	$998,113	$3,585,341	$905,791
2024	$2,391,398	$978,952	$2,678,318	$1,412,446
2023	$1,799,822	$839,019	$1,273,273	$960,803

SALT LICK INCUBATOR INC