LIFESCIENCES NY INC

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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

2004

Legal Domicile

Principal Officer

JIM LEGGETT

Phone

3154237200

Tax Period

2024-07-01 to 2025-06-30

LIFESCIENCES NY INC, founded in 2004, is a small nonprofit in the Medical Research sector that reported $338K in total revenue in fiscal year 2024.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES MEMBERS WITH NETWORKING OPPORTUNITIES, EDUCATIONAL SEMINARS, AND PERIODIC UPDATES ON EVENTS THAT EFFECT THE MEDICAL TECHNOLOGY INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $336,943

Investment Income $1,284

Other Revenue $0

TOTAL REVENUE $338,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,280

Fundraising Expenses $0

Other Expenses $114,486

TOTAL EXPENSES $340,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,227	$314,052	+0.1%
Expenses	$340,766	$388,209	-0.1%
Net Income	$-2,539	$-74,157	-1.0%

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

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

$155,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS NEVILLE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
LISA MANNING	DIRECTOR	2.00	Director	$0	$0	$0
NIPA MODY	DIRECTOR	2.00	Director	$0	$0	$0
LISA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
PIERRE MORRISSEAU	DIRECTOR	2.00	Director	$0	$0	$0
SARAH OLIKER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES GRABOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BONN	DIRECTOR	2.00	Director	$0	$0	$0
JOE CHIAPPERI	DIRECTOR	2.00	Director	$0	$0	$0
SALEEM CHEEKS	SECRETARY	2.00	Officer Director	$0	$0	$0
BEN BURTON	DIRECTOR	2.00	Director	$0	$0	$0
JIM LEGGETT	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF CHAMPAGNE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID GOTTFRIED	DIRECTOR	2.00	Director	$0	$0	$0
NORMA NOWAK	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN STONE	DIRECTOR	2.00	Director	$0	$0	$0
LOU WALCER	DIRECTOR	2.00	Director	$0	$0	$0
WINTHROP THURLOW	EXECUTIVE DIRECTOR	60.00	Officer	$155,724	$0	$155,724

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
2025	$338,227	$340,766	$357,487	$-2,539
2024	$314,052	$388,209	$359,315	$-74,157
2023	$491,083	$319,251	$470,528	$171,832
2022	$418,855	$348,499	$281,528	$70,356
2021	$356,371	$315,615	$251,316	$40,756
2020	$336,922	$394,173	$226,707	$-57,251
2019	$361,949	$458,560	$264,307	$-96,611
2018	$399,485	$421,364	$122,692	$-21,879