CIVIC HALL LABS INC (EIN 474897004) - 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

2015

Legal Domicile

Principal Officer

CHRISTINE MCMAHON

Phone

2127274200

Tax Period

2023-10-01 to 2024-09-30

CIVIC HALL LABS INC, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $12.9M in total revenue in fiscal year 2023. Revenue surged 2037% from the prior year, signaling strong growth momentum. Expenses of $12.3M left a modest 5% surplus.

Mission

WE FOSTER INNOVATION, EDUCATION AND COLLABORATION IN NEW YORK CITY'S TECH ECONOMY.

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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 $10,192,584

Program Service Revenue $2,653,515

Investment Income $66,107

Other Revenue $0

TOTAL REVENUE $12,912,206

Expense Breakdown

Grants Paid $19,012

Salaries & Benefits $571,495

Fundraising Expenses $0

Program Expenses $9,940,350

Other Expenses $11,696,580

TOTAL EXPENSES $12,287,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,912,206	$604,221	+20.4%
Expenses	$12,287,087	$7,097,222	+0.7%
Net Income	$625,119	$-6,493,001	-1.1%

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

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

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

$1,502,023

Total Directors

$300,774

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW RASIEJ	FOUNDER	40.00	Director	$0	$17,948	$300,774
MICHAEL BASSIK	BOARD CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER VENTO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MCMAHON	PRESIDENT & CEO OF FEDCAP	1.00	Officer	$0	$151,561	$891,927
CAROL KHOURY	CFO OF FEDCAP	1.00	Officer	$0	$8,517	$347,921
KENNETH BREZENOFF	GEN. COUNSEL & VP STRAT. INIT.	1.00	Officer	$0	$18,802	$262,175

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	$12,912,206	$12,287,087	$137,563,375	$625,119
2023	$604,221	$7,097,222	$117,201,196	$-6,493,001
2022	$6,066,296	$2,275,808	$6,586,593	$3,790,488
2021	$1,095,942	$1,723,025	$496,020	$-627,083
2020	$1,069,569	$3,528,502	$882,289	$-2,458,933
2019	$7,040,923	$5,202,845	$3,947,889	$1,838,078
2018	$3,748,913	$3,832,066	$2,105,015	$-83,153

CIVIC HALL LABS INC