RAPID SCIENCE INC (EIN 463875441) - 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

2023

Principal Officer

SARAH GREENE

Phone

9177235452

Tax Period

2024-01-01 to 2024-12-31

RAPID SCIENCE INC, founded in 2023, is a small nonprofit in the Health Care sector that reported $236K in total revenue in fiscal year 2024. Revenue surged 2262% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 45% operating margin.

Mission

THE RAPID SCIENCE MISSION IS TO ACCELERATE THE PACE AND ACCURACY OF SCIENTIFIC DISCOVERY THROUGH OPEN, EQUITABLE AND COLLABORATIVE PRACTICES. AS A 501(C)(3) FISCAL SPONSOR, TO CONNECT AND STRATEGIZE WITH ORGANIZATIONS OFFERING REAL WORLD SOLUTIONS THAT TRANSFORM VISION TO POLICIES AND PRACTICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $230,219

Program Service Revenue $0

Investment Income $0

Other Revenue $5,934

TOTAL REVENUE $236,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,336

Fundraising Expenses $0

Program Expenses $119,160

Other Expenses $8,487

TOTAL EXPENSES $129,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,153	$10,000	+22.6%
Expenses	$129,823	$77,662	+0.7%
Net Income	$106,330	$-67,662	-2.6%

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

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

$35,202

Total Directors

$35,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN RATAN	BOARD DIRECT	0.10	Officer Director	$25,000	$0	$25,000
SARAH GREENE	SECRETARY	3.00	Officer Director	$10,202	$0	$10,202
SARAH GREEN	STAFF DIRECT	2.00	Director	$0	$0	$0
CAROL J LEE	BOARD DIRECT	0.10	Officer Director	$0	$0	$0
DAVID MOORE	TREASURER	0.10	Officer Director	$0	$0	$0
KRISTAN RATAN	STAFF EXECUT	15.00	Officer Director	$0	$0	$0
KEITH YAMAMOTO	TREASURER	0.10	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
2024	No data	No data	No data	No data
2024	$236,153	$129,823	$123,341	$106,330
2022	$104,930	$29,129	$84,736	$75,801
2021	$22,500	$117,335	$8,935	$-94,835
2020	$281,088	$226,817	$110,015	$54,271
2019	$382,688	$349,766	$49,499	$32,922
2018	$155,000	$145,119	$16,577	$9,881

RAPID SCIENCE INC