SCIENTIFIC WORKSHOPS A NEW JERSEY NONPROFIT CORPORATION (EIN 223436544) - 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

1996

Legal Domicile

Principal Officer

Richard T Lareau

Phone

6034092106

Tax Period

2024-01-01 to 2024-12-31

SCIENTIFIC WORKSHOPS A NEW JERSEY NONPROFIT CORPORATION, founded in 1996, is a small nonprofit in the Science & Technology sector that reported $258K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $103K, a strong 40% operating margin.

Mission

TO EDUCATE AND PROMOTE RESEARCH AND DEVELOPMENT FOR HOMELAND SECURITY. OVER 250 EXPERTS, EDUCATORS AND HIGHER EDUCATION STUDENTS SHARE ADVANCES IN EXPLOSIVE AND ILLICIT DRUG DETECTION FOR HOMELAND SECURITY.

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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 $254,325

Program Service Revenue $0

Investment Income $3,398

Other Revenue $0

TOTAL REVENUE $257,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,304

Other Expenses $154,304

TOTAL EXPENSES $154,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,723	$229,549	+0.1%
Expenses	$154,304	$208,685	-0.3%
Net Income	$103,419	$20,864	+4.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard T Lareau	Executive Director	3	Director	$0	$0	$0
Stefan Lukow	Trustee	1	Director	$0	$0	$0
Lena Kim	Trustee	1	Director	$0	$0	$0
Maggie Tam	Trustee	1	Director	$0	$0	$0
Joel Greenberg	Trustee	1	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
2025	No data	No data	No data	No data
2024	$257,723	$154,304	$296,004	$103,419
2023	$229,549	$208,685	$192,608	$20,864

SCIENTIFIC WORKSHOPS A NEW JERSEY NONPROFIT CORPORATION