Southern Windsor County Incubator Inc
Southern Windsor County Incubator Inc shows strong revenue growth and increasing assets, with no reported officer compensation.
EIN: 202386108 · Springfield, VT · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $971K |
| Total Expenses | $637K |
| Program Spending | 90% |
| Net Assets | $294K |
| Transparency Score | 85/100 |
Is Southern Windsor County Incubator Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Windsor County Incubator Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Windsor County Incubator Inc
Southern Windsor County Incubator Inc (EIN: 202386108) is a nonprofit organization based in Springfield, VT, classified under NTEE code S41. The organization reported total revenue of $971K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Windsor County Incubator Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Windsor County Incubator Inc is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 43.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $824K |
| Total Expenses | $637K |
| Surplus / Deficit | +$188K |
| Total Assets | $332K |
| Total Liabilities | $38K |
| Net Assets | $294K |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2023, Southern Windsor County Incubator Inc reported a surplus of $188K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Southern Windsor County Incubator Inc's revenue has grown at a compound annual growth rate (CAGR) of 43.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +129.0% | +29.5% | +142.5% |
| 2022 | -46.8% | -16.1% | -49.1% |
| 2021 | +158.1% | +51.9% | +54.4% |
| 2020 | +34.8% | +67.7% | -42.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Windsor County Incubator Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Southern Windsor County Incubator Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $188K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five filings, which is highly favorable as it indicates that all reported expenses are directed towards program delivery, administration, or fundraising, rather than executive salaries. This suggests either a volunteer-led executive team or compensation structures that are not categorized as officer compensation on the 990-EZ.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Southern Windsor County Incubator Inc:
- Strong revenue growth, increasing from $194,207 in 2019 to $824,335 in 2023.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Growing asset base, from $299,968 in 2019 to $331,699 in 2023, suggesting financial strengthening.
- Positive net income in recent years (2021 and 2023), demonstrating financial sustainability.
- Clear alignment between organization name, NTEE code (S41 - Business & Commerce, Community Development), and presumed mission.
Frequently Asked Questions about Southern Windsor County Incubator Inc
Is Southern Windsor County Incubator Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Windsor County Incubator Inc (EIN: 202386108) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Southern Windsor County Incubator Inc spend its money?
Southern Windsor County Incubator Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Windsor County Incubator Inc tax-deductible?
Southern Windsor County Incubator Inc is registered as a tax-exempt nonprofit (EIN: 202386108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southern Windsor County Incubator Inc's spending goes to programs?
Southern Windsor County Incubator Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southern Windsor County Incubator Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Southern Windsor County Incubator Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southern Windsor County Incubator Inc located?
Southern Windsor County Incubator Inc is headquartered in Springfield, Vermont and files with the IRS under EIN 202386108. It is classified under NTEE code S41.
How many years of IRS 990 filings does Southern Windsor County Incubator Inc have?
Southern Windsor County Incubator Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $971K in total revenue.
Is Southern Windsor County Incubator Inc financially stable?
Yes, the organization appears to be financially stable, demonstrating significant revenue growth from $194,207 in 2019 to $824,335 in 2023, and a growing asset base from $299,968 to $331,699 over the same period. The positive net income in 2021 and 2023 further supports this.
How does Southern Windsor County Incubator Inc manage executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, indicating that no salaries are paid to officers, or that any compensation is structured in a way not reported as officer compensation on the 990-EZ form. This is a strong indicator of efficient resource allocation.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend, increasing from $299,968 in 2019 to $331,699 in 2023, with a peak of $531,527 in the latest reported period, suggesting a strengthening financial position.
Filing History
IRS 990 filing history for Southern Windsor County Incubator Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Southern Windsor County Incubator Inc's revenue has grown by 324.5%, moving from $194K to $824K. Total assets increased by 10.6% over the same period, from $300K to $332K. Total functional expenses rose by 176.8%, from $230K to $637K. In its most recent filing year (2023), Southern Windsor County Incubator Inc reported a surplus of $188K, with revenue exceeding expenses. The organization holds $38K in liabilities against $332K in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $294K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $824K | $637K | $332K | $38K | — | — |
| 2022 | $360K | $492K | $137K | $30K | — | View 990 |
| 2021 | $676K | $586K | $269K | $31K | — | View 990 |
| 2020 | $262K | $386K | $174K | $26K | — | View 990 |
| 2019 | $194K | $230K | $300K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $824K, expenses of $637K, and assets of $332K (revenue +129.0% year-over-year).
- 2022: Revenue of $360K, expenses of $492K, and assets of $137K (revenue -46.8% year-over-year).
- 2021: Revenue of $676K, expenses of $586K, and assets of $269K (revenue +158.1% year-over-year).
- 2020: Revenue of $262K, expenses of $386K, and assets of $174K (revenue +34.8% year-over-year).
- 2019: Revenue of $194K, expenses of $230K, and assets of $300K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Windsor County Incubator Inc:
Data Sources and Methodology
This transparency report for Southern Windsor County Incubator Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.