Madlab (EIN 311635762) - 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

1999

Legal Domicile

Principal Officer

Brad Shimp

Phone

6142215418

Tax Period

2023-07-01 to 2024-06-30

Madlab, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $153K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 21% operating margin.

Mission

MadLabs activities consist of producing a season of theatre each year and operating a performance venue that offers artists and community members an accessible affordable forum to create and attend performances in a variety of art forms.

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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 $82,539

Program Service Revenue $67,665

Investment Income $2,508

Other Revenue $0

TOTAL REVENUE $152,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,359

Fundraising Expenses $0

Program Expenses $105,440

Other Expenses $116,223

TOTAL EXPENSES $120,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,712	$105,607	+0.4%
Expenses	$120,582	$75,195	+0.6%
Net Income	$32,130	$30,412	+0.1%

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

Total Directors

$4,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Shimp	Board President and Interim Treasurer	12.00	Officer Director	$0	$0	$0
Bruce Coates	Director	3.00	Officer Director	$0	$0	$0
Jim Zafris	Secretary	2.00	Officer Director	$0	$0	$0
Jennifer Sadler	Director	2.00	Director	$0	$0	$0
Pamela Foster	Director	1.00	Director	$0	$0	$0
Eric Myers	Executive Director	20.00	Director	$4,050	$0	$4,050

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	No data	No data	No data	No data
2024	$152,712	$120,582	$517,457	$32,130

Madlab