TRANSMIT RECEIVE LABS INC (EIN 465563614) - 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

2014

Legal Domicile

Principal Officer

Roland von Kurnatowski

Phone

8326569413

Tax Period

2023-01-01 to 2023-12-31

TRANSMIT RECEIVE LABS INC, founded in 2014, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Providing a place for education, collaboration and innovation by offering access to tools and machines for project prototyping and building and access to a catalog of over 100 courses in art, engineering, craft, design and fabrication.

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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 $889,868

Program Service Revenue $2,393,696

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,283,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,374,835

Fundraising Expenses $17,712

Program Expenses $3,053,057

Other Expenses $1,817,401

TOTAL EXPENSES $3,192,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,283,564	$2,766,842	+0.2%
Expenses	$3,192,236	$2,954,265	+0.1%
Net Income	$91,328	$-187,423	-1.5%

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

Total Directors

$22,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roland Von Kurnatowski	Director	40	Director	$22,000	$0	$22,000
Michael Holthouse	Chariman of the Board	2	Officer Director	$0	$0	$0
Harvin Moore	Treasurer	2	Officer Director	$0	$0	$0
Summer Reeves	Secretary	2	Officer Director	$0	$0	$0
Celest Conflitti	Director	2	Director	$0	$0	$0
Steve Songer	Director	2	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
2023	$3,283,564	$3,192,236	$1,299,306	$91,328
2022	$2,766,842	$2,954,265	$1,021,060	$-187,423
2021	$2,595,127	$2,207,059	$1,236,102	$388,068
2020	$2,186,183	$2,005,076	$1,021,637	$181,107

TRANSMIT RECEIVE LABS INC