UNLOCKED LABS (EIN 371871086) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Haley Shoaf

Phone

6303475543

Tax Period

2024-01-01 to 2024-12-31

UNLOCKED LABS, founded in 2017, is a community nonprofit in the Crime & Legal sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $703K, a strong 28% operating margin.

Mission

To empower citizens with tools and data that lead to more effective government, a more engaged community, and a more equitable society.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,298,203

Program Service Revenue $208,765

Investment Income $5,169

Other Revenue $0

TOTAL REVENUE $2,512,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,388,193

Fundraising Expenses $62,998

Program Expenses $1,590,847

Other Expenses $420,546

TOTAL EXPENSES $1,808,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,512,137	$1,876,518	+0.3%
Expenses	$1,808,739	$624,711	+1.9%
Net Income	$703,398	$1,251,807	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$149,420

Total Directors

$149,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Hicklin	Vice President	40.00	Director	$136,184	$13,236	$149,420
Haley Shoaf	President	40.00	Officer	$136,184	$13,236	$149,420
Peter Tosto	Treasurer	3.00	Director	$0	$0	$0
Zach Carpenter	Director	3.00	Director	$0	$0	$0
Shane Duncan	Director	3.00	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	$2,512,137	$1,808,739	$2,156,532	$703,398
2023	$1,876,518	$624,711	$1,447,358	$1,251,807
2022	$263,129	$135,864	$191,790	$127,265

UNLOCKED LABS