THE FAB FOUNDATION (EIN 264836002) - 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

2009

Legal Domicile

Principal Officer

SHERRY LASSITER

Phone

8573337777

Tax Period

2024-01-01 to 2024-12-31

THE FAB FOUNDATION, founded in 2009, is a community nonprofit in the Science & Technology sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 17% operating margin.

Mission

THE FAB FOUNDATION WAS FORMED FEBRUARY 6, 2009 TO FACILITATE AND SUPPORT THE GROWTH OF THE INTERNATIONAL FAB LAB NETWORK. THE FAB FOUNDATION IS A US NON-PROFIT 501(C)(3) ORGANIZATION EMERGING FROM THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY'S CENTER FOR BITS & ATOMS (CBA) INTERNATIONAL FAB LAB OUTREACH PROGRAM. OUR MISSION IS TO PROVIDE ACCESS TO THE TOOLS, THE KNOWLEDGE AND THE FINANCIAL MEANS TO EDUCATE, INNOVATE AND INVENT USING TECHNOLOGY AND DIGITAL FABRICATION TO ALLOW ANYONE TO MAKE (ALMOST) ANYTHING, AND THEREBY CREATING OPPORTUNITIES TO IMPROVE LIVES AND LIVELIHOODS AROUND THE WORLD. COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND NON-PROFIT CONCERNS ARE OUR PRIMARY BENEFICIARIES.

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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 $3,706,206

Program Service Revenue $2,781,381

Investment Income $8,176

Other Revenue $0

TOTAL REVENUE $6,495,763

Expense Breakdown

Grants Paid $1,475,392

Salaries & Benefits $595,099

Fundraising Expenses $33,316

Program Expenses $4,900,835

Other Expenses $3,310,300

TOTAL EXPENSES $5,385,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,495,763	$2,206,847	+1.9%
Expenses	$5,385,435	$3,241,875	+0.7%
Net Income	$1,110,328	$-1,035,028	-2.1%

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

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

$178,164

Total Directors

$178,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY LASSITER	PRESIDENT/DIRECTOR	20.00	Officer Director	$75,500	$1,063	$76,563
NEIL GERSHENFELD	CHAIRMAN/DIRECTOR/CONSULTANT	1.00	Officer Director	$101,601	$0	$101,601
MARIE PLANCHARD	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
BLAIR EVANS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE RAST	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
LUCIANO BETOLDI	VICE PRESIDENT/COO	40.00	Highest	$135,000	$621	$135,621

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	$6,495,763	$5,385,435	$4,370,179	$1,110,328
2023	$2,206,847	$3,241,875	$1,634,179	$-1,035,028
2022	$2,649,329	$3,735,780	$3,453,460	$-1,086,451
2021	$3,603,989	$3,187,148	$3,602,930	$416,841
2020	$4,362,728	$4,359,956	$3,585,576	$2,772
2019	$3,606,528	$3,851,392	$3,324,565	$-244,864
2018	$4,662,636	$5,351,096	$3,798,420	$-688,460

THE FAB FOUNDATION