LIFE SCIENCES GREENHOUSE OF CENTRA… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

MICHELE WASHKO

Phone

7176352100

Tax Period

2023-01-01 to 2023-12-31

LIFE SCIENCES GREENHOUSE OF CENTRAL PA, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 49% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO ACCELERATE ECONOMIC GROWTH AND JOB CREATION IN THE GREATER CENTRAL PA REGION THROUGH COMMERCIALIZATION OF DISCOVERIES IN THE LIFE SCIENCES.

Program Service Accomplishments

Program 1

Expenses: $129,686

PORTFOLIO COMPANY SUPPORT - ONCE AN INITIAL INVESTMENT IS MADE, THE COMPANY PROVIDES ON-GOING SUPPORT TO THE PORTFOLIO COMPANIES IN WAYS SUCH AS SERVING AS A DIRECTOR OR BOARD OBSERVER AND PROVIDING...

Program 2

Expenses: $330,076

DUE DILIGENCE - THE COMPANY PROVIDES FUNDING TO EARLY STAGE LIFE SCIENCES COMPANIES IN THE FORM OF DEBT OR CONVERTIBLE DEBT INSTRUMENTS AS WELL AS EQUITY INVESTMENTS VIA LSGPA FUND INVESTMENTS. PRIOR TO MAKING AN INVESTMENT, THE COMPANY INCURS DUE DILIGENCE COSTS TO DETERMINE THE APPROPRIATENESS OF THE INVESTMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,749,829

Program Service Revenue $0

Investment Income $732,339

Other Revenue $0

TOTAL REVENUE $2,482,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $869,052

Fundraising Expenses $0

Program Expenses $459,762

Other Expenses $398,478

TOTAL EXPENSES $1,267,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,482,168	$1,539,701	+0.6%
Expenses	$1,267,530	$1,780,577	-0.3%
Net Income	$1,214,638	$-240,876	-6.0%

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

Employees

Volunteers

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

$757,880

Total Directors

$369,148

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE WASHKO	PRES/CEO	40.00	Officer Director	$339,000	$30,148	$369,148
RON THIBOUTOT PHD	EVP-TIL MAR2	40.00	Officer Director	$0	$0	$0
GREGORY JACKSON	EXEC. VP-BEG	40.00	Officer	$175,000	$3,163	$178,163
STEVE CARPENTER	SENIOR VP-TI	40.00	Officer	$193,727	$16,842	$210,569
MELVIN BILLINGSLEY	DIRECTOR	5.00	Director	$0	$0	$0
DAVID BLACK	DIRECTOR-TIL	5.00	Director	$0	$0	$0
FRANK EPIFANO	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER GILBURG	DIRECTOR-BEG	5.00	Director	$0	$0	$0
MARLIN MILLER	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN MORRIS MD	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT NAISMITH PHD	DIRECTOR	5.00	Director	$0	$0	$0
R SAM NIEDBALA PHD	DIRECTOR	5.00	Director	$0	$0	$0
CHADWICK PAUL JR	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS PENN	DIRECTOR	5.00	Director	$0	$0	$0
STEPHANIE REISINGER	DIRECTOR	5.00	Director	$0	$0	$0
ALAN SNYDER PHD	DIRECTOR	5.00	Director	$0	$0	$0
REBECCA STAMETZ	DIRECTOR	5.00	Director	$0	$0	$0
NISHIT TRIVEDI PHD	DIRECTOR	5.00	Director	$0	$0	$0
STEPHEN D'ETTORE	DIRECTOR-TIL	5.00	Director	$0	$0	$0
HAICHEN YANG	DIRECTOR-BEG	5.00	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
2024	No data	No data	No data	No data
2023	$2,482,168	$1,267,530	$21,553,922	$1,214,638
2022	$1,539,701	$1,780,577	$23,334,337	$-240,876
2021	$2,242,635	$1,662,064	$22,549,139	$580,571
2020	$1,895,722	$1,654,817	$26,066,977	$240,905
2019	$1,327,959	$1,651,915	$26,279,807	$-323,956
2018	$3,273,882	$1,638,132	$25,866,067	$1,635,750

LIFE SCIENCES GREENHOUSE OF CENTRAL PA