UI LABS INC

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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

JEFF DONOGHUE

Phone

3122816900

Tax Period

2024-01-01 to 2024-12-31

UI LABS INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $26.0M in total revenue in fiscal year 2024. Expenses of $32.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

MXD (MANUFACTURING X DIGITAL) ADVANCES ECONOMIC PROSPERITY AND NATIONAL (CONTINUED ON SCH O)

Program Service Accomplishments

Program 1

Expenses: $25,837,892 Revenue: $2,339,083

IN 2024, MXD MARKED ITS TENTH YEAR AS THE NATION'S DIGITAL MANUFACTURING AND CYBERSECURITY INSTITUTE AND THE DEPARTMENT OF DEFENSE'S DESIGNATED NATIONAL CENTER FOR CYBERSECURITY IN MANUFACTURING...

IN 2024, MXD MARKED ITS TENTH YEAR AS THE NATION'S DIGITAL MANUFACTURING AND CYBERSECURITY INSTITUTE AND THE DEPARTMENT OF DEFENSE'S DESIGNATED NATIONAL CENTER FOR CYBERSECURITY IN MANUFACTURING. WITH MORE THAN 360 MEMBERS ACROSS THE INDUSTRIAL BASE, MXD ADVANCED U.S. COMPETITIVENESS BY WORKING TO DIGITALIZE MANUFACTURING OPERATIONS, INCLUDING DEPARTMENT OF DEFENSE ORGANIC INDUSTRIAL BASE FACILITIES. MXD ALSO EXPANDED ITS CYBER EFFORTS WITH THE CYBERSECURE SUPPLIER PROGRAM, REACHING 20,000 SUPPLIERS ACROSS FOUR MAJOR AEROSPACE AND DEFENSE MANUFACTURERS, WHILE PARTNERING WITH THE DEFENSE LOGISTICS AGENCY TO DELIVER RESOURCES THAT STRENGTHENED SMALL AND MEDIUM-SIZED MANUFACTURERS AGAINST GROWING CYBER THREATS.MXD CONTINUED ADDRESSING THE MANUFACTURING WORKFORCE SHORTAGE WITH ITS CAPITAL PROGRAM AND CYBERSECURITY CURRICULUM, TRAINING THOUSANDS OF LEARNERS NATIONWIDE AND REACHING 20,000 SERVICE MEMBERS PREPARING FOR CIVILIAN CAREERS. TO DATE, MORE THAN 275,000 INDIVIDUALS HAVE ENGAGED WITH MXD WORKFORCE PROGRAMS, BUILDING A DIGITALLY SKILLED PIPELINE ESSENTIAL FOR NATIONAL SECURITY AND ECONOMIC GROWTH. WITH NEARLY 200 PROJECTS DELIVERED, OVER 540 IP ASSETS GENERATED, MXD'S DECADE OF IMPACT DEMONSTRATES HOW INNOVATION, COLLABORATION, AND TRAINING ARE SECURING A DIGITALLY ENABLED, CYBER PREPARED, AND COMPETITIVE U.S. MANUFACTURING BASE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,957,109

Program Service Revenue $2,339,083

Investment Income $184,954

Other Revenue $1,489,647

TOTAL REVENUE $25,970,793

Expense Breakdown

Grants Paid $10,143,594

Salaries & Benefits $10,743,183

Fundraising Expenses $0

Program Expenses $25,837,892

Other Expenses $11,527,634

TOTAL EXPENSES $32,414,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,970,793	$24,668,818	+0.1%
Expenses	$32,414,411	$29,872,710	+0.1%
Net Income	$-6,443,618	$-5,203,892	+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

$1,604,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERARDINO BARATTA	CEO	50.00	Officer	$372,070	$13,775	$385,845
FEDERICO SCIAMMARELLA	CTO (THRU 8/30/2024)	50.00	Officer	$320,573	$7,849	$328,422
ANTHONY PAPKE	SR. DIRECTOR, BUSINESS DEVELOPMENT	50.00	Highest	$312,243	$13,469	$325,712
ANTONIO DELSESTO	SR. TECHNICAL FELLOW	50.00	Highest	$262,576	$9,681	$272,257
JELA TRASK	VP, MEMBERSHIP & EXTERNAL RELATIONS	50.00	Officer	$235,180	$7,859	$243,039
PAUL PIERSON	SR. DIRECTOR, ENGINEERING	50.00	Highest	$223,183	$8,900	$232,083
ELIZABETH STUCK	VP, WORKFORCE DEVELOPMENT	50.00	Officer	$212,583	$5,688	$218,271
ROBIN MUNDEN	GENERAL COUNSEL	50.00	Highest	$208,145	$7,575	$215,720
BRENDAN STUART	DIRECTOR OF FINANCE	50.00	Highest	$187,708	$7,219	$194,927
MATTHEW TAYLOR	VP, PROJECTS & ENGR (THRU 5/22/2024)	50.00	Officer	$184,557	$500	$185,057
JESSICA JUOZAPAVICH	VP, FINANCE & BUS OPS (THRU 5/03/24)	50.00	Officer	$141,083	$3,975	$145,058
JEFFREY DONOGHUE	VP, FINANCE & BUS OPS (AS OF 8/05/24)	50.00	Officer	$97,016	$1,602	$98,618
BILLY BARDIN	BOARD CHAIR	3.00	Director	$0	$0	$0
ANTHONY HEMMELGARN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ISBISTER	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE KATHERINE	DIRECTOR	1.00	Director	$0	$0	$0
GARY NEIDIG	DIRECTOR	1.00	Director	$0	$0	$0
SHIRISH PAREEK	BOARD VICE CHAIR	2.00	Director	$0	$0	$0
ALEXIS LASSELLE ROSS	DIRECTOR (AS OF 6/19/2024)	3.00	Director	$0	$0	$0
JOCELYN SENG	DIRECTOR	4.00	Director	$0	$0	$0
CARROLL THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JAY WALSH	DIRECTOR	2.00	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	$25,970,793	$32,414,411	$31,043,749	$-6,443,618
2023	$24,668,818	$29,872,710	$38,301,524	$-5,203,892
2022	$26,654,403	$28,375,789	$42,841,561	$-1,721,386
2021	$27,595,905	$24,556,098	$29,188,622	$3,039,807
2020	$10,302,345	$30,961,895	$26,597,327	$-20,659,550
2019	$14,192,171	$41,826,120	$47,430,786	$-27,633,949
2018	$21,095,272	$49,370,756	$82,239,732	$-28,275,484