NEUROSPRING INC (EIN 204768612) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

MICHAEL COCO PHD

Phone

7076069061

Tax Period

2024-06-01 to 2025-05-31

NEUROSPRING INC, founded in 2005, is a small nonprofit in the Medical Research sector that reported $345K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $560K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO ADVANCE NEUROSCIENTIFIC RESEARCH AND TRAINING THAT DRIVES IMPROVED HEALTHCARE FOR THE UNDERSERVED.

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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 $68,290

Program Service Revenue $271,980

Investment Income $4,765

Other Revenue $0

TOTAL REVENUE $345,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,042

Fundraising Expenses $0

Program Expenses $527,905

Other Expenses $430,993

TOTAL EXPENSES $560,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,035	$242,650	+0.4%
Expenses	$560,035	$493,762	+0.1%
Net Income	$-215,000	$-251,112	-0.1%

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

Total Directors

$2,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COCO PHD	DIRECTOR	5.00	Director	$1,000	$0	$1,000
TAMARA HEATON MA	DIRECTOR	5.00	Director	$1,150	$0	$1,150
GRACE MONTERO	BUS MGR/TREA	40.00		$120,000	$15,221	$135,221
DEKYI LHAMO	BUS MGR/TREA	40.00	Officer	$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
2025	$345,035	$560,035	$905,524	$-215,000
2024	$242,650	$493,762	$1,120,523	$-251,112
2023	$295,955	$472,244	$1,371,635	$-176,289
2022	$600,314	$150,733	$1,547,924	$449,581
2021	$90,350	$69,643	$1,113,343	$20,707
2020	$474,900	$18,437	$1,097,636	$456,463
2019	$358,045	$50,356	$621,212	$307,689

NEUROSPRING INC