THE CHARACTER LAB INC

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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

DAVE HERSH

Phone

6464227767

Tax Period

2023-07-01 to 2024-06-30

THE CHARACTER LAB INC, founded in 2012, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $8.6M exceeded revenue, resulting in a 94% operating deficit.

Mission

CHARACTER LAB ADVANCES SCIENTIFIC INSIGHTS THAT HELP KIDS THRIVE.

Program Service Accomplishments

Program 1

Expenses: $6,995,721 Revenue: $35,870

BY CONNECTING RESEARCHERS WITH EDUCATORS, CHARACTER LAB SOUGHT TO CREATE GREATER KNOWLEDGE ABOUT THE CONDITIONS THAT LEAD TO WELL-BEING FOR YOUNG PEOPLE THROUGHOUT THE COUNTRY.IN 2023-2024, CHARACTER LAB REACHED THE FOLLOWING MILESTONES:-FACILITATED 503 STUDIES TO DATE-HELPED RESEARCHERS PUBLISH 53 ARTICLES IN LEADING JOURNALS-COMPLETED PRODUCTION OF CHARACTER BUILDING VIDEOS WITH TED-ED, AT HTTPS://ED.TED.COM/BUILD-CHARACTER-PARTNERED WITH HOPELAB AND COMMON SENSE MEDIA TO CO-CREATE A NATIONWIDE SURVEY ON TEENAGE SOCIAL MEDIA USAGE AND MENTAL HEALTH-CHARACTER LAB INTERNSHIP PROGRAM (CLIP) SUPPORTED 150 YOUNG PEOPLE PROVIDING YOUTH VOICE TO RESEARCH

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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 $4,182,097

Program Service Revenue $35,870

Investment Income $225,169

Other Revenue $0

TOTAL REVENUE $4,443,136

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $3,123,691

Fundraising Expenses $124,074

Program Expenses $6,995,721

Other Expenses $5,465,903

TOTAL EXPENSES $8,614,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,443,136	$6,497,664	-0.3%
Expenses	$8,614,594	$5,610,847	+0.5%
Net Income	$-4,171,458	$886,817	-5.7%

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

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

$407,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUIS VON AHN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER NORTH	TREASURER	1.00	Officer Director	$0	$0	$0
PIYUSH TANTIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA DUCKWORTH	CO-FOUNDER, CHIEF SCIENTIS	1.00	Director	$0	$0	$0
BRIDGET TERRY LONG	DIRECTOR	1.00	Director	$0	$0	$0
JIM SHELTON	DIRECTOR, LEFT 10/31/23	1.00	Director	$0	$0	$0
DAVE HERSH	CEO	40.00	Officer	$226,233	$26,688	$252,921
JIM SCHRODER	DIRECTOR, FINANCE AND OPERATIONS	40.00	Officer	$146,723	$7,491	$154,214
DAVID TORRES	DIRECTOR, REVENUE OPERATION	40.00	Highest	$137,499	$13,984	$151,483
TARA TAYLOR	DIRECTOR, EXPERIENCE & TECHNOLOGY	40.00	Highest	$117,796	$14,151	$131,947

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	$523,078	No data	No data
2024	$4,443,136	$8,614,594	$1,794,829	$-4,171,458
2023	$6,497,664	$5,610,847	$5,551,434	$886,817
2022	$6,946,574	$6,045,435	$4,681,422	$901,139
2021	$6,749,102	$5,806,382	$3,541,149	$942,720
2020	$3,522,831	$4,817,987	$2,794,157	$-1,295,156
2019	$4,619,742	$4,817,450	$3,753,753	$-197,708
2018	$776,598	$5,029,382	$3,739,060	$-4,252,784