Superior Business Center Inc
Nonprofit profile at a glance
- EIN
- 391832645
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014, Form 990-N 2018
- Location
- Superior, WI, USA
- Phone
- 7153924749
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $506,823
- Expenses
- $457,219
- Assets
- $1,319,741
- Liabilities
- $1,112,809
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- PAUL HOLT (PRESIDENT)
Highest reported compensation
- JIM CAESAR (EXECUTIVE DI): $36,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The superior business center (sbc) is a non-profit corporation whose mission is to foster economic development in superior and douglas county through the provision of both leased space and support/technical services to small businesses.
What it reported doing in 2024
Operation of the superior business center, providing leaseed space for small businesses as a business incubator facility serving superior and douglas county.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Accountability: 63
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.7%; rating input score 80
- Program expense ratio: 88.3%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.8%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 2.89; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.84; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 7.9%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 16.7% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 20.1% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 79.7% of revenue deployed · 88.3% of spending went to programs
- Governance: 13 of 13 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $447K in reported program spending
- Leadership: top reported pay $36K · 14 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes related organizations
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.