WORLDWIDE LAB IMPROVEMENTS INC (EIN 383211303) - 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

1995

Legal Domicile

Principal Officer

EDWIN BOS

Phone

2693238407

Tax Period

2024-01-01 to 2024-12-31

WORLDWIDE LAB IMPROVEMENTS INC, founded in 1995, is a micro nonprofit in the International Affairs sector that reported $33K in total revenue in fiscal year 2024.

Mission

TO SUPPORT LABORATORIES IN MISSION HOSPITALS AND CLINICS IN DEVELOPING COUNTRIES

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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 $39,746

Program Service Revenue $0

Investment Income $30,814

Other Revenue $-103,888

TOTAL REVENUE $-33,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,304

Fundraising Expenses $692

Program Expenses $73,234

Other Expenses $67,742

TOTAL EXPENSES $127,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-33,328	$-111,398	-0.7%
Expenses	$127,046	$126,747	+0.0%
Net Income	$-160,374	$-238,145	-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

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

$55,090

Total Directors

$55,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN BOS	PRESIDENT &	30.00	Officer Director	$55,090	$0	$55,090
CAROL BOS	VP & SECRETA	N/A	Officer Director	$0	$0	$0
JAMES PENZOTTI	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM WALKER MD	DIRECTOR	N/A	Director	$0	$0	$0
NANCY BERENDS	DIRECTOR	N/A	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	$-33,328	$127,046	$771,724	$-160,374
2023	$-111,398	$126,747	$943,034	$-238,145
2022	$569,644	$135,991	$1,178,094	$433,653
2021	$149,222	$125,239	$793,359	$23,983
2020	$101,606	$162,913	$742,345	$-61,307
2019	$115,143	$164,852	$789,786	$-49,709
2018	$25,573	$164,978	$845,284	$-139,405

WORLDWIDE LAB IMPROVEMENTS INC