LaunchLKN Inc (EIN 464298353) - 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

2018

Legal Domicile

Principal Officer

Bob Guth

Phone

9803222060

Tax Period

2023-01-01 to 2023-12-31

LaunchLKN Inc, founded in 2018, is a small nonprofit in the Employment sector that reported $266K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 37% operating margin.

Mission

Entrepreneurial catalyst for the greater Charlotte NC area focused on mentoring early stage start-ups and founders

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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 $69,167

Program Service Revenue $1,475

Investment Income $70,528

Other Revenue $125,210

TOTAL REVENUE $266,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,750

Fundraising Expenses $0

Program Expenses $50,811

Other Expenses $76,027

TOTAL EXPENSES $166,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,380	$141,167	+0.9%
Expenses	$166,777	$139,036	+0.2%
Net Income	$99,603	$2,131	+45.7%

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

N/A

Volunteers

125

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

$90,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erica Madden	Chief Engagement Officer	20.00	Officer	$0	$90,750	$90,750
Bob Guth	Board Chairman and Treasurer	10.00	Director	$0	$0	$0
Mark McDowell	Board Member and Founder	10.00	Director	$0	$0	$0
Chris Boggiano	Board Member and Founder	0.00	Director	$0	$0	$0
Anjali Shah	Board Member	1.00	Director	$0	$0	$0
Mark Mahoney	Board Member	0.00	Director	$0	$0	$0
Cindy Praeger	Board Member	1.00	Director	$0	$0	$0
Don Rainey	Board Member	2.00	Director	$0	$0	$0
Liz Brigham	Board Member	1.00	Director	$0	$0	$0
Kevin Mahl	Board Member	1.00	Director	$0	$0	$0
David L Howard	Board Member	1.00	Director	$0	$0	$0
Ashley Gautreaux	Board Member	1.00	Director	$0	$0	$0
Ed Gorman	Board Member and Secretary	4.00	Director	$0	$0	$0
Dana Hicks	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
2023	$266,380	$166,777	$155,196	$99,603

LaunchLKN Inc