Technology Laboratory and Professional Development (EIN 208370098) - 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

2007

Legal Domicile

Principal Officer

Dr Clarence Nixon Jr

Phone

8883273387

Tax Period

2024-01-01 to 2024-12-31

Technology Laboratory and Professional Development, founded in 2007, is a small nonprofit in the Education sector that reported $543K in total revenue in fiscal year 2024.

Mission

TLAB realized strong academic, parental coaching, financial, programmatic and systems performances in FY 2021. In summary, the following occured:

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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 $543,127

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $543,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $960

Fundraising Expenses $0

Program Expenses $533,372

Other Expenses $532,412

TOTAL EXPENSES $533,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,127	N/A	N/A
Expenses	$533,372	N/A	N/A
Net Income	$9,755	N/A	N/A

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Rev Larry S Bullock	DIRECTOR	Director	$0	$0	$0
Henry Cotton	DIRECTOR	Director	$0	$0	$0
Dr Pamela Floyd	DIRECTOR	Director	$0	$0	$0
Dr Tony Lyons	DIRECTOR	Director	$0	$0	$0
Donald R Dixon	DIRECTOR	Director	$0	$0	$0
Angela Williams	DIRECTOR	Director	$0	$0	$0
Joyce Washington	CHAIRWOMAN EMERITUS	Director	$0	$0	$0
Danielle Williams	DIRECTOR	Director	$0	$0	$0
Dr Clarence Nixon Jr	CHAIRMAN	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
2024	$543,127	$533,372	$438,311	$9,755
2023	No data	No data	No data	No data
2022	$390,275	$312,557	$470,803	$77,718
2021	$392,810	$268,804	$506,803	$124,006
2021	$263,508	$268,804	$171,341	$-5,296
2020	$275,017	$254,121	$308,641	$20,896
2019	$267,185	$253,921	$205,377	$13,264
2018	$230,893	$221,874	$171,820	$9,019

Technology Laboratory and Professional Development