Arrowhead Incubator Inc

Nonprofit profile at a glance

EIN
843631006
IRS 990-EZ coverage
2019–2019
Forms available
Form 990-EZ 2019
Location
Traverse City, MI, USA
Phone
2318815519
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$150,765
Expenses
$6,372
Assets
$144,393

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Shiloh Slomsky (Executive Director)

People named in this filing

  • Kyle Anderson (BOD Chair)
  • Thomas Wilbur (BOD Vice Chair)
  • Joe Barrientoz (BOD Treasurer Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Arrowhead Incubator Inc., is to empower Native American industry, employment, and small businesses for the social and economic advancement of present and future tribal generations and communities. Utilizing a proactive and synergetic approach, as our duty, Arrowhead Incubator Inc., delivers free economic and social expertise and networking. Working directly with tribal and non-tribal units of government, industry, and organizations, Arrowhead Incubator's purpose is providing free economic and social assistance that educates, innovates, supports, and elevates tribal communities. Through industry formulation, advancement and design, and fostering tribal and private/public sector relationships within tribal communities and those beyond, it is our directive through program activities & partnerships which addressed and created solutions towards Native American economic and social development.

What it reported doing in 2019

Due to COVID restrictions in Michigan AHIN was delayed in providing services and gaining funding. Despite the delay and once restrictions began to be lifted to some degree AHIN in collaboration with New Mexico Community Capital (NMCC) another 501c3 provided free Financial & Business Basic training to 17 Native Americans in Michigan. The participants were mainly low-income Native American mothers with young children in the home and/or low-income Native elders. All 17 participants of the training successfully completed training, were able to establish a start-up business, and increased household income, which supports the uplifting of tribal citizens out of poverty.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and the available information about grant readiness automatic revocation leaves an important question unanswered.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 100
  • Sustainability: 84
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.2%; rating input score 4
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 95.8%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 22.66; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 4.2% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $6K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.