INSTITUTE FOR LIFE SCIENCES COLLABORATION INC

EIN: 455595804 501(c)(3) Education

MADISON, CT

Total Revenue
N/A
Total Expenses
$8,176
Total Assets
$760
Net Assets
$-14,758
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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
2012
Legal Domicile
CT
Principal Officer
RICHARD C FLATH
Phone
2036059503
Tax Period
2024-01-01 to 2024-12-31

Mission

INFORM, EDUCATE AND INVOLVE THE PUBLIC AND SCIENTIFIC, ACADEMIC AND MEDICAL/HEALTHCARE COMMUNITIES ON AND IN PROACTIVE APPROACHES TO ADDRESS THE UNMET NEEDS FOR EXPERTISE, INFRASTRUCTURE AND APPLICATION THAT CAN

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,174
Other Expenses $8,176
TOTAL EXPENSES $8,176

Year-over-Year Comparison

2024 2023 Change
Revenue N/A $50 -1.0%
Expenses $8,176 $14,234 -0.4%
Net Income N/A $-14,184 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARKUS WARLITZ COO N/A
Officer Director
$0 $0 $0
RICHARD FLATH PRESIDENT/TREASURER N/A
Officer Director
$0 $0 $0
SHELDON ZASLANSKY CHAIR N/A
Officer 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
2025 No data No data No data No data
2024 No data $8,176 $760 No data
2023 $50 $14,234 $804 $-14,184
2022 $50,000 $50,447 $8,301 $-447
2021 No data $27,916 $8,610 No data
2020 No data $54,780 $36,400 No data
2019 $100,000 $9,429 $91,084 $90,571
2018 $750 $1,514 $175 $-764
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