LAB CENTRAL INC (EIN 461031913) - 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

2012

Legal Domicile

Principal Officer

JOHANNES FRUEHAUF

Phone

6178633650

Tax Period

2023-01-01 to 2023-12-31

LAB CENTRAL INC, founded in 2012, is a mid-sized nonprofit in the Science & Technology sector that reported $24.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENEURS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,154,420

Program Service Revenue $16,661,431

Investment Income $565,201

Other Revenue $119,306

TOTAL REVENUE $24,500,358

Expense Breakdown

Grants Paid $113,419

Salaries & Benefits $10,938,727

Fundraising Expenses $0

Program Expenses $20,678,932

Other Expenses $13,824,694

TOTAL EXPENSES $24,876,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,500,358	$22,629,616	+0.1%
Expenses	$24,876,840	$21,652,194	+0.1%
Net Income	$-376,482	$977,422	-1.4%

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

110

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

$578,634

Total Directors

$409,981

Key Employees

$307,390

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO VINEY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WINDHAM-BANNISTER	DIRECTOR	1.00	Director	$20,000	$0	$20,000
STEVEN TREGAY PHD	CHARIMAN	1.00	Officer Director	$0	$0	$0
JOHN HARTHORNE	DIRECTOR	1.00	Director	$0	$0	$0
JOHANNES FRUEHAUF MD PHD	PRESIDENT	26.00	Officer Director	$342,464	$46,735	$389,199
PETER D PARKER	SECRETARY/DIRECTOR	3.00	Officer Director	$782	$0	$782
PETER SHANLEY	CFO/TREASURER	16.00	Officer	$161,466	$27,187	$188,653
CELINA C CHANG	VP, SCIENCE OPERATION & ST	40.00	Key Emp	$265,221	$42,169	$307,390
ANNA WHITLOCK	SR. DIR. PEOPLE STRATEGY &	40.00	Highest	$222,728	$23,666	$246,394
MIKE LARHETTE	CHIEF BUSINESS OFFICER	36.00	Highest	$327,021	$46,725	$373,746
GRETCHEN COOK-ANDERSON	EXECUTIVE DIRECTOR OF IGNI	40.00	Highest	$312,690	$26,776	$339,466
MARGARET E O'TOOLE	CHIEF OPERATING OFFICER	40.00	Highest	$366,951	$38,787	$405,738
RACHELE RYAN	DIRECTOR, PROGRAMMING & COMMUNITY	40.00	Highest	$178,546	$32,841	$211,387

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	$24,500,358	$24,876,840	$109,041,639	$-376,482
2022	$22,629,616	$21,652,194	$112,390,390	$977,422
2021	$21,795,021	$19,092,023	$43,646,817	$2,702,998
2020	$20,436,198	$18,194,883	$31,440,783	$2,241,315
2019	$25,967,111	$21,701,537	$30,786,060	$4,265,574
2018	$43,676,728	$40,352,623	$28,162,457	$3,324,105

LAB CENTRAL INC