MINDSPEC INC (EIN 412206723) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

2006

Legal Domicile

Phone

7038632756

Tax Period

2023-01-01 to 2023-12-31

MINDSPEC INC, founded in 2006, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2018. Expenses of $911K left a modest 10% surplus.

Mission

Meaningful, measurable research into common neurodevelopmental conditions, including autism, to foster discovery and development of treatments that alleviate the symptoms of the affected individual and communicating the results of such research through its (the first) web-based, publicly available, autism gene data base.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

🔒

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

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

MINDSPEC INC