LAUNCHBIO INC

EIN: 474851964 501(c)(3) Science & Technology

SAN DIEGO, CA

Total Revenue
$833,268
Total Expenses
$705,500
Total Assets
$341,828
Net Assets
$329,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
MIKE HOSTETLER
Phone
8587242164
Tax Period
2024-01-01 to 2024-12-31

LAUNCHBIO INC, founded in 2015, is a small nonprofit in the Science & Technology sector that reported $833K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $128K, a strong 15% operating margin.

Mission

LAUNCHBIO, INC. IS A NONPROFIT ORGANIZATION DEDICATED TO IDENTIFYING, COUNSELING, AND SUPPORTING HIGH-GROWTH, HIGH-IMPACT LIFE SCIENCE AND BIOTECHNOLOGY COMPANIES. ITS MISSION IS TO BUILD AN ECOSYSTEM OF INNOVATION THAT ADVANCES HUMAN HEALTH AND WELL-BEING BY CONNECTING BIOTECH ENTREPRENEURS WITH CRITICAL RESOURCESKNOWLEDGE, CAPITAL, AND TALENTACROSS THE NATION'S LEADING LIFE SCIENCE HUBS. LAUNCHBIO FOSTERS COLLABORATION, STRENGTHENS ENTREPRENEURIAL ECOSYSTEMS, AND PROMOTES EQUITABLE ACCESS TO OPPORTUNITIES WITHIN THE BIOTECH COMMUNITY, WITH A COMMITMENT TO DIVERSITY AND INCLUSIVENESS AS FOUNDATIONAL PRINCIPLES.

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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 $812,755
Program Service Revenue $20,513
Investment Income $0
Other Revenue $0
TOTAL REVENUE $833,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,750
Fundraising Expenses $0
Program Expenses $454,335
Other Expenses $524,750
TOTAL EXPENSES $705,500

Year-over-Year Comparison

2024 2023 Change
Revenue $833,268 $703,614 +0.2%
Expenses $705,500 $663,848 +0.1%
Net Income $127,768 $39,766 +2.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
4
$120,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HOSTETLER PRESIDENT 4.00
Officer Director
$0 $0 $0
JOHN FREEMAN TREASURER 4.00
Officer Director
$0 $0 $0
TIA WILLIAMS SECRETARY 4.00
Officer Director
$0 $0 $0
KATHLEEN GIBSON DIRECTOR 4.00
Director
$0 $0 $0
ANTON XAVIER DIRECTOR 4.00
Director
$0 $0 $0
BECKY BEATTIE CEO 40.00
Officer
$120,000 $0 $120,000
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 $833,268 $705,500 $341,828 $127,768
2023 $703,614 $663,848 $409,567 $39,766
2022 $510,742 $497,496 $188,917 $13,246
2021 $424,539 $452,379 $197,396 $-27,840
2020 $684,798 $699,585 $238,968 $-14,787
2019 $1,101,547 $1,243,881 $386,398 $-142,334
2018 $584,994 $777,232 $434,506 $-192,238
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