COLAB

EIN: 263934828 501(c)(3) Arts, Culture & Humanities

CHATTANOOGA, TN

Total Revenue
$1,203,929
Total Expenses
$1,386,959
Total Assets
$528,414
Net Assets
$294,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
TN
Phone
4232810811
Tax Period
2024-01-01 to 2024-12-31

COLAB, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

OUR VISION IS TO PUT CHATTANOOGA AT THE FOREFRONT OF CUTTING-EDGE TECHNOLOGIES TO IMPROVE OUR ECOSYSTEM WITH ADVANCES IN SUSTAINABLE MOBILITY, TO BE THE BEST SUSTAINABLE MOBILITY STARTUP ACCELERATOR IN THE WORLD, AND TO BUILD A DIVERSE AND INCLUSIVE FUTURE BY SUPPORTING SCALABLE BUSINESSES IN THE GREATER CHATTANOOGA REGION. CO.LAB IS RECOGNIZED AS A TOP 10 ACCELERATOR IN THE COUNTRY.

Program Service Accomplishments

Program 1
Expenses: $485,409 Revenue: $30,992

SUSTAINABLE MOBILITY ACCELERATOR: OUR 12-WEEK ACCELERATOR PROGRAM GUARANTEES DEDICATED GROWTH-FOCUSED SUPPORT. WE AIM TO INVEST IN SIX COMPANIES PER PROGRAM. THE COHORT CAN TEST AND SCALE THEIR MVP...

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SUSTAINABLE MOBILITY ACCELERATOR: OUR 12-WEEK ACCELERATOR PROGRAM GUARANTEES DEDICATED GROWTH-FOCUSED SUPPORT. WE AIM TO INVEST IN SIX COMPANIES PER PROGRAM. THE COHORT CAN TEST AND SCALE THEIR MVP THROUGH ACCESS TO THE WORLD'S ONLY URBAN TESTBED FOR CONNECTED AUTONOMOUS VEHICLES AND THE OPPORTUNITY TO WORK WITH THE WORLD'S FIRST COMMERCIALLY AVAILABLE QUANTUM NETWORK. THE COHORT WILL FIND PRODUCT-MARKET FIT WITH OPPORTUNITIES TO WORK WITH INDUSTRY-SPECIFIC CORPORATE PARTNERS. THE COHORT IS GUARANTEED ACCESS TO A NETWORK OF 65+ POTENTIAL MENTORS, CONNECTING WITH WORLD-CLASS INDUSTRY EXPERTS, TECHNOLOGISTS, AND BUSINESS DOMAIN EXPERTS TO HELP SCALE THEIR BUSINESS. THE COHORT WILL BE CONNECTED TO TOP INDUSTRY LEADERS WHO WILL HELP THEM MAKE CRUCIAL FIRST CUSTOMER INTRODUCTIONS. THERE WILL BE A $20K INVESTMENT FOR EACH TEAM INITIALLY THROUGH THE FOUNDER'S FUND WITH THE POTENTIAL OF FOLLOW-ON FUNDING AND INTRODUCTIONS TO OVER 50 INVESTORS WHO ARE CURRENTLY LOOKING TO INVEST IN STARTUPS.

Program 2
Expenses: $330,277 Revenue: $91,859

CO.MOBLITY SUMMIT: CO.LAB HOSTED ITS SECOND ANNUAL CO.MOBILITY SUMMIT TO CONVENE INDUSTRY LEADERS, RESEARCHERS, POLICYMAKERS, AND INVESTORS WITH A LASER-SHARP FOCUS ON SUSTAINABLE MOBILITY TO SUPPORT...

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CO.MOBLITY SUMMIT: CO.LAB HOSTED ITS SECOND ANNUAL CO.MOBILITY SUMMIT TO CONVENE INDUSTRY LEADERS, RESEARCHERS, POLICYMAKERS, AND INVESTORS WITH A LASER-SHARP FOCUS ON SUSTAINABLE MOBILITY TO SUPPORT STARTUP FOUNDERS AND INNOVATORS THAT ARE WORKING ON SOLUTIONS TO THE PROBLEMS THAT CHATTANOOGA'S MOBILITY INDUSTRY IS WORKING HARD TO SOLVE. THE GOAL OF THE SUMMIT IS TO INTRODUCE OUR INDUSTRY AND RESEARCH STRENGTHS TO STARTUPS ACROSS THE REGION TO HIGHLIGHT CHATTANOOGA AS ONE OF THE LEADING PLACES FOR MOBILITY BUSINESSES. THE DESIRED OUTCOME IS TO BRING BURGEONING BUSINESSES HERE TO LEVERAGE OUR STRENGTH, PROVIDE SOLUTIONS TO OUR CORPORATE PARTNER'S MOST CHALLENGING ISSUES, AND BOLSTER OUR COMMUNITIES' TECH ECOSYSTEM AND ECONOMY.

Program 3
Expenses: $1,144 Revenue: $968

COMMUNITY EVENTS: COFFEE WITH CO.LAB: COFFEE WITH CO.LAB SERVES LOCAL ENTREPRENEURS BY PROVIDING A CONSISTENT NETWORKING OPPORTUNITY WITH OTHER LIKE-MINDED AND LOCAL INDIVIDUALS. IT ALLOWS SMALL...

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COMMUNITY EVENTS: COFFEE WITH CO.LAB: COFFEE WITH CO.LAB SERVES LOCAL ENTREPRENEURS BY PROVIDING A CONSISTENT NETWORKING OPPORTUNITY WITH OTHER LIKE-MINDED AND LOCAL INDIVIDUALS. IT ALLOWS SMALL BUSINESS OWNERS TO KNOW THEY ARE NOT ALONE, SHARE THEIR UPCOMING BUSINESS EVENTS/NEWS, AS WELL AS AN OPPORTUNITY TO HEAR MORE ABOUT CO.LAB'S UPCOMING EVENTS AND RESOURCES. CWC WILL IDEALLY TAKE PLACE ONCE A MONTH IN EACH HUB COUNTY, EQUALLING TO 4 CWC EACH MONTH. HAPPY HOURS: DURING THE LAST YEAR, CO.LAB HOSTED A MONTHLY HAPPY HOUR THAT FEATURED TRIVIA ON SUSTAINABILITY AND ENTREPRENEURSHIP TO ENGAGE DIVERSE INDIVIDUALS FROM INVESTORS, FOUNDERS, STUDENTS, PROFESSIONALS AND COMMUNITY LEADERS. WE HAVE DECIDED TO DISCONTINUE THESE AND (CONTINUED ON SCHEDULE O)

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,079,812
Program Service Revenue $133,387
Investment Income $-9,270
Other Revenue $0
TOTAL REVENUE $1,203,929

Expense Breakdown

Grants Paid $0
Salaries & Benefits $722,612
Fundraising Expenses $174,426
Program Expenses $816,912
Other Expenses $664,347
TOTAL EXPENSES $1,386,959

Year-over-Year Comparison

2024 2023 Change
Revenue $1,203,929 $1,235,028 0.0%
Expenses $1,386,959 $1,304,580 +0.1%
Net Income $-183,030 $-69,552 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
10
Volunteers
25

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
3
$225,038
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRK BURTON SECRETARY 1.0
Officer Director
$0 $0 $0
TIFFANIE ROBINSON CHAIRPERSON 1.0
Officer Director
$0 $0 $0
AARON CRAMER DIRECTOR 1.0
Director
$0 $0 $0
CAROL EIMERS DIRECTOR 1.0
Director
$0 $0 $0
CHARITA ALLEN DIRECTOR 1.0
Director
$0 $0 $0
ERIC FULLER DIRECTOR 1.0
Director
$0 $0 $0
JIM INGRAHAM DIRECTOR 1.0
Director
$0 $0 $0
LAURA ANN HOWELL DIRECTOR 1.0
Director
$0 $0 $0
MALCOLM HARRIS DIRECTOR 1.0
Director
$0 $0 $0
Matt Patterson DIRECTOR 1.0
Director
$0 $0 $0
REBECCA SHARPE DIRECTOR 1.0
Director
$0 $0 $0
Richard Hitchcock DIRECTOR 1.0
Director
$0 $0 $0
SANTOSH SANKAR DIRECTOR 1.0
Director
$0 $0 $0
SYBIL TOPEL DIRECTOR 1.0
Director
$0 $0 $0
TOM LYONS DIRECTOR 1.0
Director
$0 $0 $0
TASIA MALAKASIS CHIEF EXECUTIVE OFFICER 40.0
Officer
$211,700 $13,338 $225,038
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 $1,203,929 $1,386,959 $528,414 $-183,030
2023 $1,235,028 $1,304,580 $662,478 $-69,552
2022 $775,157 $801,146 $581,384 $-25,989
2021 $650,371 $881,110 $605,928 $-230,739
2020 $969,956 $833,549 $828,676 $136,407
2019 $973,825 $908,453 $711,354 $65,372
2018 $1,055,387 $885,113 $656,861 $170,274
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