PHILLY STARTUP LEADERS INC co mindspace (EIN 900452647) - 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

2009

Legal Domicile

Principal Officer

ISABELLE KENT

Tax Period

2022-01-01 to 2022-12-31

PHILLY STARTUP LEADERS INC co mindspace, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $208K in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $346K exceeded revenue, resulting in a 66% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE SUPPORT, MENTORSHIP AND ENCOURAGEMENT FOR ENTREPRENEURSHIP AND STARTUP ENTREPRENEURS IN THE PHILADELPHIA REGION.

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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 $145,854

Program Service Revenue $61,995

Investment Income $0

Other Revenue $0

TOTAL REVENUE $207,849

Expense Breakdown

Grants Paid $69,000

Salaries & Benefits $209,460

Fundraising Expenses $87,986

Program Expenses $185,997

Other Expenses $67,148

TOTAL EXPENSES $345,608

Year-over-Year Comparison

	2022	2021	Change
Revenue	$207,849	$372,514	-0.4%
Expenses	$345,608	$388,137	-0.1%
Net Income	$-137,759	$-15,623	+7.8%

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

N/A

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

$103,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISABELLE KENT	Executive Dir.	40.00	Officer	$103,500	$0	$103,500
MIKAL HARDEN	BOARD MEMBER	3.00	Director	$0	$0	$0
MUNIR PATHAK	BOARD MEMBER	3.00	Director	$0	$0	$0
MERCEDES BALLARD	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDREW SALAMON	BOARD MEMBER	3.00	Director	$0	$0	$0
MARK SWITAJ	BOARD MEMBER	3.00	Director	$0	$0	$0
DAN GARDNER	BOARD MEMBER	3.00	Director	$0	$0	$0
RUDY ELLIS	President	3.00	Director	$0	$0	$0
MICHELLE BERKOBEN	Treasurer	3.00	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
2022	$207,849	$345,608	$95,869	$-137,759
2021	$372,514	$388,137	$221,296	$-15,623
2020	$553,206	$354,018	$324,644	$199,188
2019	$629,932	$598,500	$29,510	$31,432
2018	$555,235	$488,410	$110,289	$66,825

PHILLY STARTUP LEADERS INC co mindspace