EMERGE INNOVATION HUB

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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

ANDREW ROBINSON

Phone

2699323557

Tax Period

2024-01-01 to 2024-12-31

EMERGE INNOVATION HUB, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $338K in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 28% operating margin.

Mission

EMERGE EXISTS TO SUPPORT DIVERSE COMMUNITIES BY EMPOWERING HISTORICALLY UNDERRESOURCED AND UNDERREPRESENTED ENTREPRENEURS TO INSTITUTIONS FOCUSED ON THE ECONOMIC TRANSFORMATION OF URBAN EMERGE INNOVATION HUB START AND RUN THEIR BUSINESSES IN SOUTHWEST MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $84,062

ENTREPRENEURIAL SUPPORT - IS A COALITION OF ORGANIZATIONS AND INSTITUTIONS FOCUSED ON THE ECONOMIC TRANSFORMATION OF URBAN COMMUNITIES (ESPECIALLY COMMUNITIES OF COLOR) RAVAGED BY POVERTY AND A LACK OF EQUITABLE SUPPORT AND RESOURCES. THE HUB SEEKS TO DEVELOP AN ECOSYSTEM OF ENTREPRENEURS, ENTREPRENEURIAL ORGANIZATIONS, FINANCIAL INSTITUTIONS, BUSINESSES, CORPORATIONS, AND BUSINESS LEADERS THAT ENCOURAGES COLLABORATION AND PARTNERSHIP. WITHIN THIS ENDEAVOR, THE HUB'S ECOSYSTEM ASSISTS EMERGING AND EXPERIENCED ENTREPRENEURS AND ORGANIZATIONAL LEADERS DEVELOP SUSTAINABLE BUSINESS MODELS THAT FOSTER 1) PROPER BUSINESS/ORGANIZATIONAL STRUCTURE, 2) REVENUE GROWTH, AND 3) CUSTOMER SATISFACTION. THE HUB'S STAFF AND PARTNERS PROVIDE TECHNICAL ASSISTANCE TO ENTREPRENEURS THROUGH PERSONAL COACHING, RESOURCING, SHARING AND MENTORSHIP. THE GOAL OF THESE SERVICES IS TO OFFER ENTREPRENEURS 1) EQUITABLE SERVICES, 2) ACCESS TO MICROLENDING AND FUNDING, AND 3) ACCESS TO CLIENTS AND CUSTOMERS TO ENHANCE THEIR BUSINESS OUTPUTS AND GROWTH.

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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 $336,784

Program Service Revenue $0

Investment Income $7

Other Revenue $1,569

TOTAL REVENUE $338,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,372

Fundraising Expenses $0

Program Expenses $84,062

Other Expenses $158,644

TOTAL EXPENSES $242,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,360	$145,380	+1.3%
Expenses	$242,016	$150,672	+0.6%
Net Income	$96,344	$-5,292	-19.2%

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
ALEXANDRE CZESNAT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT DORFMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
ALEXIS HARRIS	TREASURER	N/A	Officer Director	$0	$0	$0
ANDREW ROBINSON	CEO & DIRECT	N/A	Officer Director	$0	$0	$0
LEWIS SCOTT	CHAIR	N/A	Officer Director	$0	$0	$0
MATIAS SOTO	DIRECTOR	N/A	Director	$0	$0	$0
PHIL SWANON	DIRECTOR	N/A	Director	$0	$0	$0
JEFFREY WRIGHT	DIRECTOR	N/A	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	$338,360	$242,016	$206,181	$96,344
2023	$145,380	$150,672	$116,150	$-5,292
2022	$152,500	$37,702	$114,798	$114,798