VertueLab

EIN: 261652936 501(c)(3) Science & Technology

Portland, OR

Total Revenue
$2,215,379
Total Expenses
$3,064,486
Total Assets
$7,145,334
Net Assets
$3,274,228
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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
OR
Principal Officer
AINA ABIODUN
Phone
9717702378
Tax Period
2022-07-01 to 2023-06-30

VertueLab, founded in 2007, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO UNLEASH INNOVATION AND ENTREPRENEURSHIP THAT WILL SOLVE ENVIRONMENTAL CHALLENGES AND CATALYZE SHARED ECONOMIC PROSPERITY. PROVIDE FUNDING AND HOLISTIC ENTREPRENEURIAL SUPPORT TO CLEANTECH STARTUPS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,147,778
Program Service Revenue $35,000
Investment Income $32,601
Other Revenue $0
TOTAL REVENUE $2,215,379

Expense Breakdown

Grants Paid $87,600
Salaries & Benefits $1,881,423
Fundraising Expenses $446,939
Program Expenses $2,154,140
Other Expenses $1,095,463
TOTAL EXPENSES $3,064,486

Year-over-Year Comparison

2022 2021 Change
Revenue $2,215,379 $2,827,087 -0.2%
Expenses $3,064,486 $1,883,081 +0.6%
Net Income $-849,107 $944,006 -1.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
21
Volunteers
15

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
4
$237,530
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KENNEY PAST EXEC DIR 40.00
Officer
$223,206 $14,324 $237,530
JOHANNA BRICKMAN DEP DIR/IMPACT STR 40.00
$150,875 $11,431 $162,306
MARION VAUGHN DIR IMPACT INVESTM 40.00
$151,374 $4,068 $155,442
ERIN CLEMENTS DIR STRATEGIC PART 30.00
$106,667 $9,663 $116,330
HEATHER ANDERSEN CHAIR 2.00
Officer Director
$0 $0 $0
JOE CONNORS Secretary/Treas 2.00
Officer Director
$0 $0 $0
ANNA MCCOY Director 2.00
Director
$0 $0 $0
DENNIS WILDE Director 2.00
Director
$0 $0 $0
MIGUEL SOSSA Director 2.00
Director
$0 $0 $0
CAROL DAHL Director 2.00
Director
$0 $0 $0
KELLY LYONS Director 2.00
Director
$0 $0 $0
JEFF CANIN Director 2.00
Director
$0 $0 $0
AINA ABIODUN Executive Dir. 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 No data No data No data No data
2024 No data No data No data No data
2023 $2,215,379 $3,064,486 $7,145,334 $-849,107
2022 $2,827,087 $1,883,081 $6,880,373 $944,006
2021 $2,326,583 $1,509,395 $3,945,647 $817,188
2020 $2,374,129 $1,750,696 $2,547,836 $623,433
2019 $1,717,887 $1,661,452 $1,965,082 $56,435
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