SPEC LABS INC

EIN: 474785295 501(c)(3) Human Services

VAN NUYS, CA

Total Revenue
$442,366
Total Expenses
$385,199
Total Assets
$137,112
Net Assets
$136,580
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
Jason Weissbrod
Phone
8189034669
Tax Period
2024-01-01 to 2024-12-31

SPEC LABS INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $442K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $385K left a modest 13% surplus.

Mission

To teach and promote art, music, film and production to young people with autism and special needs.

Program Service Accomplishments

Program 1
Expenses: $378,276 Revenue: $354,007

Teaching of music, song writing, recording, film production, and acting to 50 young individuals with autism and special needs.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,752
Program Service Revenue $354,007
Investment Income $1,395
Other Revenue $31,212
TOTAL REVENUE $442,366

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,107
Fundraising Expenses $0
Program Expenses $378,276
Other Expenses $223,092
TOTAL EXPENSES $385,199

Year-over-Year Comparison

2024 2023 Change
Revenue $442,366 $290,026 +0.5%
Expenses $385,199 $224,180 +0.7%
Net Income $57,167 $65,846 -0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
10

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
2
$150,275
Total Directors
2
$150,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Garth Herberg C.O.O. 40.00
Officer Director
$75,000 $0 $75,000
Jason Weissbrod President 40.00
Officer Director
$75,275 $0 $75,275
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 $442,366 $385,199 $137,112 $57,167
2023 $290,026 $224,180 $79,813 $65,846
2022 $183,981 $218,594 $13,767 $-34,613
2021 $168,486 $150,461 $48,280 $18,025
2020 $144,864 $155,290 $30,155 $-10,426
2019 $145,579 $210,975 $55,426 $-65,396
2018 $204,276 $101,903 $116,122 $102,373
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