MINDSPEC INC

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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

2006

Legal Domicile

Phone

7038632756

Tax Period

2023-01-01 to 2023-12-31

MINDSPEC INC, founded in 2006, is a small nonprofit in the Medical Research sector that reported $757K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $131K, a strong 17% operating margin.

Mission

Use of innovative bioinformatic tools and current information technology platforms developed for other fields to create an unbiased, state of the art, dynamic, up-to-date view of the full range of autism research.

Program Service Accomplishments

Program 1

Expenses: $567,285

Collected and analyzed scientific literature of autism and organized and presented integrated information on autism in a publicly available web site.

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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 $0

Program Service Revenue $725,351

Investment Income $31,394

Other Revenue $218

TOTAL REVENUE $756,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $507,728

Fundraising Expenses $0

Program Expenses $567,285

Other Expenses $118,337

TOTAL EXPENSES $626,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$756,963	$695,426	+0.1%
Expenses	$626,065	$607,162	+0.0%
Net Income	$130,898	$88,264	+0.5%

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

N/A

Employees

Volunteers

N/A

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

$223,354

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sharmila B Basu	President	40.00	Officer	$220,354	$0	$220,354
Debabrata Ghosh	Director	2.00	Director	$1,500	$0	$1,500
Vidyadhar Nettimi	Treasurer	2.00	Officer	$1,500	$0	$1,500
Nandakumar Sawant	Secretary	2.00	Officer	$1,500	$0	$1,500

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	$756,963	$626,065	$1,051,393	$130,898
2022	$695,426	$607,162	$921,345	$88,264
2021	$627,745	$549,351	$829,238	$78,394
2020	$692,197	$621,434	$750,813	$70,763
2019	$809,039	$760,412	$682,518	$48,627
2018	$1,011,829	$911,489	$197,318	$100,340