LABORATORY SERVICES COOPERATIVE

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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

2008

Legal Domicile

Principal Officer

MARGARET HARRIS

Phone

3604759090

Tax Period

2024-07-01 to 2025-06-30

LABORATORY SERVICES COOPERATIVE, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $17.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $8.2M, a strong 47% operating margin.

Mission

TO OPERATE FOR CHARITABLE OR SCIENTIFIC PURPOSES BY PERFORMING SERVICES PERMITTED UNDER SECTION 501(E) OF THE CODE ON A CENTRALIZED AND COOPERATIVE BASIS FOR ITS MEMBERS, INCLUDING SPECIFICALLY LABORATORY SERVICES.

Program Service Accomplishments

Program 1

Expenses: $6,354,014 Revenue: $17,569,310

LABORATORY SERVICES:THE COOPERATIVE PROVIDES SUPERIOR LABORATORY SERVICES AND CUSTOMER SUPPORT FOR ITS MEMBER AFFILIATES AND THEIR CLIENTS. THE COOPERATIVE SUPPORTS THE MISSION OF ITS MEMBER...

LABORATORY SERVICES:THE COOPERATIVE PROVIDES SUPERIOR LABORATORY SERVICES AND CUSTOMER SUPPORT FOR ITS MEMBER AFFILIATES AND THEIR CLIENTS. THE COOPERATIVE SUPPORTS THE MISSION OF ITS MEMBER AFFILIATES BY ISSUING FINANCIAL DISTRIBUTIONS.

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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 $17,505,130

Investment Income $0

Other Revenue $64,180

TOTAL REVENUE $17,569,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,651

Fundraising Expenses $0

Program Expenses $6,354,014

Other Expenses $9,100,082

TOTAL EXPENSES $9,349,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,569,310	$19,185,463	-0.1%
Expenses	$9,349,733	$9,476,608	0.0%
Net Income	$8,219,577	$9,708,855	-0.2%

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

$241,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET HARRIS	PRESIDENT & CEO	37.50	Officer	$189,078	$52,265	$241,343
KARL EASTLUND	CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA GIBRON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATE TARPEY SECRETARY	TREASURER (THROUGH NOVEMBER 2024)	1.00	Officer Director	$0	$0	$0
TOM WOHLFEIL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH CARDWELL	BOARD MEMBER	0.50	Director	$0	$0	$0
SHEILAHN DAVIS-WYATT	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY HANDLER	BOARD MEMBER	0.50	Director	$0	$0	$0
KATE HAYES	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDA MCCARTHY	BOARD MEMBER (THROUGH APRIL 2025)	0.50	Director	$0	$0	$0
YOLANDA ROBLES	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHELLE WETZEL	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTA WOOD	BOARD MEMBER	0.50	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	$17,569,310	$9,349,733	$12,512,471	$8,219,577
2024	$19,185,463	$9,476,608	$4,159,500	$9,708,855
2023	$18,303,587	$8,184,033	$7,115,768	$10,119,554
2022	$18,414,339	$8,413,702	$3,888,192	$10,000,637
2021	$17,773,814	$8,183,844	$4,467,704	$9,589,970
2020	$19,826,477	$9,196,525	$4,070,103	$10,629,952
2019	$20,253,216	$8,239,616	$5,009,652	$12,013,600
2018	$17,395,139	$5,609,424	$4,658,646	$11,785,715