FERTILAB

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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

2013

Legal Domicile

Principal Officer

BRITTANY QUICK-WARNER

Phone

5416324159

Tax Period

2019-01-01 to 2019-12-31

FERTILAB, founded in 2013, is a small nonprofit that reported $292K in total revenue in fiscal year 2019. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $382K exceeded revenue, resulting in a 31% operating deficit.

Mission

FERTILAB THINKUBATOR EMPOWERS ENTREPRENEURS BY PROVIDING BUSINESS INCUBATION SPACE ALONGSIDE MENTORSHIP AND EDUCATIONAL PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $331,724 Revenue: $17,207

FERTILAB THINKUBATOR EMPOWERS ENTREPRENEURS BY PROVIDING BUSINESS INCUBATION SPACE ALONGSIDE MENTORSHIP AND EDUCATIONAL PROGRAMMING FOR OVER 1400 PEOPLE IN THE AREA. FERTILAB IS THE ONLY INCUBATOR...

FERTILAB THINKUBATOR EMPOWERS ENTREPRENEURS BY PROVIDING BUSINESS INCUBATION SPACE ALONGSIDE MENTORSHIP AND EDUCATIONAL PROGRAMMING FOR OVER 1400 PEOPLE IN THE AREA. FERTILAB IS THE ONLY INCUBATOR BETWEEN PORTLAND AND SAN FRANCISCO THAT FULLY SUPPORTS BIOSCIENCE COMPANIES. THOSE COMPANIES HAVE CREATED 40 JOBS IN LANE COUNTY IN THE PAST YEAR. PRE-ACCELERATOR PROGRAMS MENTOR OPEN HOURS (PREVIOUSLY CALLED THE STARTUP CLINIC) IS NOW HELD AT FOUR LOCATIONS - EUGENE, SPRINGFIELD, COTTAGE GROVE AND VENETA - ON A ROLLING MONTHLY BASIS IN ALL LOCATIONS. BOTH THE MENTOR OPEN HOURS AND THE ID8 PRE-ACCELERATOR HAVE PROVIDED FORMAL TRAINING TO EDUCATE PEOPLE IN ENTREPRENEURIAL THINKING AND BUSINESS DEVELOPMENT. SINCE INCEPTION, THE PROGRAMS HAVE HELPED OVER 30 COMPANIES WITH THEIR STARTUP WHICH HAS BROUGHT OVER 5 MILLION INTO THE LOCAL ECONOMY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $273,930

Program Service Revenue $17,207

Investment Income $0

Other Revenue $1,123

TOTAL REVENUE $292,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,398

Fundraising Expenses $4,317

Program Expenses $331,724

Other Expenses $364,316

TOTAL EXPENSES $381,714

Year-over-Year Comparison

	2019	2018	Change
Revenue	$292,260	$565,674	-0.5%
Expenses	$381,714	$461,540	-0.2%
Net Income	$-89,454	$104,134	-1.9%

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

$15,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MARUSCHAK	EXECUTIVE DI	40.00	Officer	$15,595	$0	$15,595
BRITTANY QUICK-WARNER	CHAIR	1.00	Officer Director	$0	$0	$0
SHULA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
SHANE JOHNSON	BOARD MEMBER	1.00	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
2019	$292,260	$381,714	$156,287	$-89,454
2018	$565,674	$461,540	$238,378	$104,134