LAB FOUR PROFESSIONAL DEVELOPM (EIN 264178652) - 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

Principal Officer

TONY OKHIRA

Tax Period

2023-01-01 to 2023-12-31

LAB FOUR PROFESSIONAL DEVELOPM is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 33% operating deficit.

Mission

Lab four mission is to become a key workforce development partner in three ways by providing the be best possible tech training to help business become more successful

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,411,726

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,411,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $775,009

Fundraising Expenses $0

Program Expenses $1,882,401

Other Expenses $1,107,392

TOTAL EXPENSES $1,882,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,411,726	$2,711,471	-0.5%
Expenses	$1,882,401	$3,350,457	-0.4%
Net Income	$-470,675	$-638,986	-0.3%

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

N/A

Employees

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

$157,846

Total Directors

$199,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY OKHIRA	PRESIDENT	40	Officer Director	$157,846	$0	$157,846
STEPHNIE OKHIR	DIRECTOR	40	Director	$41,262	$0	$41,262

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
2023	$1,411,726	$1,882,401	$2,306,278	$-470,675
2022	$2,711,471	$3,350,457	$2,318,152	$-638,986
2021	$5,875,670	$3,896,568	No data	$1,979,102
2020	$4,715,809	$2,697,140	No data	$2,018,669
2019	$295,898	$2,073,139	No data	$-1,777,241
2018	$2,548,405	$2,232,171	No data	$316,234

LAB FOUR PROFESSIONAL DEVELOPM