GENSPACE NYC (EIN 270947943) - 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

CASEY LARDNER EXEC DIR

Phone

9293878100

Tax Period

2023-01-01 to 2023-12-31

GENSPACE NYC, founded in 2009, is a small nonprofit in the Education sector that reported $481K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $742K exceeded revenue, resulting in a 54% operating deficit.

Mission

Genspace's mission is to foster a safe and inclusive community where all people including those from non-traditional and underrepresented backgrounds can experientially learn, boldly create, and meaningfully grow with the life sciences. We envision a world where everyone is empowered to use the life sciences to explore questions and develop applications that are connected to their lives and rooted in their communities.

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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 $236,764

Program Service Revenue $244,861

Investment Income $0

Other Revenue $-685

TOTAL REVENUE $480,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,801

Fundraising Expenses $56,046

Program Expenses $617,542

Other Expenses $199,518

TOTAL EXPENSES $742,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,940	$1,223,804	-0.6%
Expenses	$742,319	$680,646	+0.1%
Net Income	$-261,379	$543,158	-1.5%

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

$81,575

Total Directors

$81,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH TUCK	Executive Dir.	40.00	Officer Director	$56,572	$0	$56,572
MEREDITH BECKFORD-SMART	Executive Dir.	40.00	Officer Director	$25,003	$0	$25,003
ISSA FAKHOURY	Director	1.00	Director	$0	$0	$0
KARL SCHMIEDER	Director	1.00	Director	$0	$0	$0
SUSAN SCHOFFER	Director	1.00	Director	$0	$0	$0
TODD ANDERMAN	Director	1.00	Director	$0	$0	$0
NEDA AFSARMANESH	Director	1.00	Director	$0	$0	$0
ANGELA ARMENDARIZ	Director	1.00	Director	$0	$0	$0
CLAIR PURCELL	Director	1.00	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
2024	No data	No data	No data	No data
2023	$480,940	$742,319	$519,841	$-261,379
2022	$1,223,804	$680,646	$831,946	$543,158
2021	$537,567	$458,765	$281,983	$78,802
2020	$308,868	$472,172	$209,946	$-163,304
2019	$651,076	$662,470	$315,564	$-11,394
2018	$439,945	$672,427	$326,958	$-232,482

GENSPACE NYC