MAKEIT LABS CORP (EIN 452258590) - 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

Principal Officer

PETER VATNE

Phone

6034876218

Tax Period

2024-01-01 to 2024-12-31

MAKEIT LABS CORP is a small nonprofit in the Science & Technology sector that reported $340K in total revenue in fiscal year 2024. The organization ran a surplus of $77K, a strong 23% operating margin.

Mission

PROVIDING MEMBERS WITH TOOLS, WORKSPACE, TRAINING, AND CLASSES, AS WELL AS CONSULTATION ON EXTERNAL PROJECTS AND COLLABORATIVE LEARNING IN ORDER TO ACHIEVE INDIVIDUAL GOALS.

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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 $308,486

Program Service Revenue $21,996

Investment Income $7,818

Other Revenue $1,500

TOTAL REVENUE $339,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,450

Other Expenses $262,349

TOTAL EXPENSES $262,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,800	N/A	N/A
Expenses	$262,349	N/A	N/A
Net Income	$77,451	N/A	N/A

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER COTE	SECRETARY	10.00	Officer Director	$0	$0	$0
NATHANIEL FAIRBANKS	DIRECTOR	10.00	Director	$0	$0	$0
TYLER HAYSLETT	DIRECTOR	10.00	Director	$0	$0	$0
MARC HEBERT	DIRECTOR	10.00	Director	$0	$0	$0
BILL SCHONGAR	PRESIDENT	10.00	Officer Director	$0	$0	$0
PETER VATNE	TREASURER	15.00	Officer Director	$0	$0	$0
MORDECAI VELDT	DIRECTOR	10.00	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	$339,800	$262,349	$856,260	$77,451
2023	$266,486	$185,058	$778,809	$81,428
2022	$263,383	$139,414	$697,381	$123,969
2021	$193,353	$120,383	$573,402	$72,970
2020	$228,090	$127,727	$500,432	$100,363
2019	$313,070	$113,486	$474,791	$199,584

MAKEIT LABS CORP