Co-Lab Projects (EIN 453627986) - 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

2011

Legal Domicile

Principal Officer

Sean Gaulager

Phone

5123008217

Tax Period

2021-01-01 to 2021-12-31

Co-Lab Projects, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2021. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $117K left a modest 13% surplus.

Mission

Co-Lab Projects is an artist-run organization dedicated to providing resources, education, and exhibition space to artists that produce contemporary works of art, installation, and performance.

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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 (2021)

Revenue Breakdown

Contributions & Grants $120,717

Program Service Revenue $13,798

Investment Income $0

Other Revenue $475

TOTAL REVENUE $134,990

Expense Breakdown

Grants Paid $12,986

Salaries & Benefits $30,000

Fundraising Expenses $6,000

Program Expenses $92,893

Other Expenses $74,040

TOTAL EXPENSES $117,026

Year-over-Year Comparison

	2021	2020	Change
Revenue	$134,990	$209,705	-0.4%
Expenses	$117,026	$157,131	-0.3%
Net Income	$17,964	$52,574	-0.7%

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

$30,000

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean Gaulager	President	5.00	Officer Director	$30,000	$0	$30,000
Christopher Burch	Secretary	2.00	Officer Director	$0	$0	$0
Austin Nelsen	Treasurer	5.00	Officer Director	$0	$0	$0
Vladimir Mejia	Director	2.00	Director	$0	$0	$0
Leslie Moody Castro	Director	2.00	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
2021	$134,990	$117,026	$504,627	$17,964
2020	$209,705	$157,131	$180,919	$52,574

Co-Lab Projects