NOVA LABS INC (EIN 453796580) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

JIM SWEENEY

Phone

7034375780

Tax Period

2023-07-01 to 2024-06-30

NOVA LABS INC, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $652K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 17% operating margin.

Mission

EDUCATION AND INNOVATION - NOVA LABS PROVIDES A FACILITY FOR MEMBERS OF THE COMMUNITY TO DESIGN AND FABRICATE TECHNICAL AND INDUSTRIAL WORKS. NOVA LAB VOLUNTEERS ALSO PROVIDE EDUCATIONAL PROGRAMS, THROUGH CLASSES, TRAINING AND HANDS-ON WORKSHOPS.

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Trantor Score

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

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,019,338

Program Service Revenue $225,300

Investment Income $-17,960

Other Revenue $215,210

TOTAL REVENUE $1,441,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,627

Fundraising Expenses $0

Program Expenses $462,243

Other Expenses $1,021,951

TOTAL EXPENSES $1,282,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,441,888	$1,333,246	+0.1%
Expenses	$1,282,578	$970,884	+0.3%
Net Income	$159,310	$362,362	-0.6%

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

$37,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY MATTHEWS	PRESIDENT	50.00	Officer Director	$0	$0	$0
JIM SWEENEY	TREASURER	30.00	Officer Director	$0	$0	$0
VINCENT MCCULLOUGH	SECRETARY	10.00	Officer Director	$0	$0	$0
PAT MARSTALL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RAJIV DEWAN	DIRECTOR	5.00	Director	$0	$0	$0
RUTLEDGE SIMMONS	DIRECTOR	5.00	Director	$0	$0	$0
KATHERYN SCHILLER	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN CASTILLO	DIRECTOR	5.00	Director	$0	$0	$0
JEANNE MARSHALL	DIRECTOR	5.00	Director	$0	$0	$0
TRISH BARBER	DIRECTOR	10.00	Director	$0	$0	$0
GREG SARKISIAN	FACILITY & BUILDING MANAGER	30.00	Officer	$37,846	$0	$37,846
JALENE GELANA	ADMIN	25.00	Officer	$0	$0	$0
AMANDA JARVIS	EXECUTIVE DIRECTOR	10.00	Officer	$0	$0	$0
MARY THOMPSON	EXECUTIVE DIRECTOR	30.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,441,888	$1,282,578	$5,484,761	$159,310
2023	$1,333,246	$970,884	$5,600,611	$362,362
2022	$1,162,253	$887,747	$5,084,683	$274,506
2021	$838,462	$823,335	$951,212	$15,127
2020	$688,940	$489,226	$950,038	$199,714
2019	$652,209	$540,406	$586,087	$111,803

NOVA LABS INC