MHUB SUPPORT CORPORATION

EIN: 884394299 501(c)(3) Community Improvement

CHICAGO, IL

Total Revenue
$576,306
Total Expenses
$1,334,385
Total Assets
$54,834,359
Net Assets
$-758,079
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IL
Principal Officer
HAVEN ALLEN
Phone
3124914449
Tax Period
2023-01-01 to 2023-12-31

MHUB SUPPORT CORPORATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $576K in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 132% operating deficit.

Mission

SUPPORTING OPERATIONS FOR MHUB, THE NATION'S LARGEST AND FASTEST GROWING INNOVATION CENTER FOR HARDTECH AND MANUFACTURING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $286,082
Investment Income $290,224
Other Revenue $0
TOTAL REVENUE $576,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,311,808
Other Expenses $1,334,385
TOTAL EXPENSES $1,334,385

Year-over-Year Comparison

2023 2022 Change
Revenue $576,306 N/A N/A
Expenses $1,334,385 N/A N/A
Net Income $-758,079 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$754,953
Total Directors
7
$754,953
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANAS MEHANDRU TREASURER 0.50
Officer Director
$0 $9,548 $233,504
MELISSA LEDERER SECRETARY 0.20
Officer Director
$0 $14,330 $231,649
HAVEN ALLEN PRESIDENT 0.20
Officer Director
$0 $17,257 $289,800
MEREDITH O'CONNOR BOARD DIRECTOR 0.20
Director
$0 $0 $0
KEVIN WILLER BOARD DIRECTOR 0.20
Director
$0 $0 $0
DEVI RAJA INDEPENDENT DIRECTOR 0.20
Director
$0 $0 $0
SUSAN KAI INDEPENDENT DIRECTOR 0.20
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 No data No data No data No data
2023 $576,306 $1,334,385 $54,834,359 $-758,079
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MHUB SUPPORT CORPORATION with other nonprofits in Illinois and across the country.