INNOVATIVE POLICY LAB RESEARCH IMPROVING PEOPLES LIVES (EIN 471056434) - 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

2013

Legal Domicile

Principal Officer

JUSTINE HASTINGS

Phone

3019417475

Tax Period

2023-01-01 to 2023-12-31

INNOVATIVE POLICY LAB RESEARCH IMPROVING PEOPLES LIVES, founded in 2013, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Expenses of $5.3M exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PERFORM ECONOMIC RESEARCH FOR THE BENEFIT OF THE PUBLIC.

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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 $1,668,254

Program Service Revenue $1,660,129

Investment Income $21,125

Other Revenue $0

TOTAL REVENUE $3,349,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,187,546

Fundraising Expenses $572,968

Program Expenses $3,657,975

Other Expenses $1,135,655

TOTAL EXPENSES $5,323,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,349,508	$3,348,124	+0.0%
Expenses	$5,323,201	$4,972,945	+0.1%
Net Income	$-1,973,693	$-1,624,821	+0.2%

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

$780,721

Total Directors

$13,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN HASTINGS	SECRETARY, TREASURER	20.00	Officer Director	$13,600	$0	$13,600
DR JUSTINE HASTINGS	PRESIDENT	10.00	Officer Director	$0	$0	$0
DR ERIC CHYN	DIRECTOR	0.25	Director	$0	$0	$0
DR RICHARD GILBERT	DIRECTOR	0.25	Director	$0	$0	$0
SUSAN LEVINE	DIRECTOR	0.25	Director	$0	$0	$0
MARK HOWISON	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT JENSEN	CEO (THRU 7/17)	40.00	Officer	$139,789	$43,072	$182,861
ABBY MCQUADE	COO (AS OF 7/17)	40.00	Officer	$167,927	$15,344	$183,271
GEORGIA ANGELL	CEO (AS OF 7/17)	40.00	Officer	$168,203	$16,669	$184,872
JUDSON NEER	CTO	40.00	Officer	$188,622	$27,495	$216,117
SARAH WHITE	VP OF SOLUTIONS	40.00	Highest	$172,240	$18,431	$190,671
KYLE HANCOCK	SEN. DIR. OF TECHNOLOGY	40.00	Highest	$161,924	$38,351	$200,275
DAVID CONSTANTINO	PRINCIPAL SOFTWARE ENGINEER	40.00	Highest	$184,553	$19,327	$203,880
AKIVA MEISELMAN	ECONOMIST	40.00	Highest	$156,770	$7,526	$164,296
EMILY RAFAL	VP OF ADVANCEMENT	40.00	Highest	$145,649	$26,546	$172,195

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	$3,349,508	$5,323,201	$591,175	$-1,973,693
2022	$3,348,124	$4,972,945	$2,595,434	$-1,624,821
2021	$7,095,509	$4,750,932	$4,104,137	$2,344,577
2020	$2,992,473	$3,275,899	$4,866,518	$-283,426
2019	$1,796,187	$777,237	$1,942,523	$1,018,950
2018	$1,011,213	$148,016	$895,986	$863,197

INNOVATIVE POLICY LAB RESEARCH IMPROVING PEOPLES LIVES