Open Research Lab

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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

Chris Clark

Phone

4153068856

Tax Period

2024-01-01 to 2024-12-31

Open Research Lab, founded in 2015, is a mid-sized nonprofit in the Science & Technology sector that reported $18.3M in total revenue in fiscal year 2024. Revenue surged 1598% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.5M, a strong 79% operating margin.

Mission

Open Research Lab seeks to answer open-ended questions and develop technology that should not be owned by any one company and requires work on a very long time horizon. With investment in fundamental research declining, Open Research Lab seeks to fill fundamental research gaps.

Program Service Accomplishments

Program 1

Expenses: $3,285,961 Revenue: $42,000

In 2024, the Organization completed the initial dissemination of research findings for the Unconditional Cash Study (also called ORUS), a randomized controlled trial. This work included publishing...

In 2024, the Organization completed the initial dissemination of research findings for the Unconditional Cash Study (also called ORUS), a randomized controlled trial. This work included publishing working papers, presenting at conferences, completing interviews, and developing a website to clearly share documentation and findings with the public. The Organization also hosted research briefings to engage policymakers, practitioners, and community leaders, and reached out directly to study participants to answer their questions about the results. The research team invited all participants to take part in quarterly surveys and conducted in-depth qualitative interviews with a subset of participants to better understand their experiences after the cash assistance program ended. The Organization also worked on additional analysis, secured several grants to support key components of this project, expanded public access to research documentation and data, collaborated with partner organizations, advised multiple groups implementing cash assistance programs on program design, evaluation, and implementation, and began development of new projects building on this research.

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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 $18,164,914

Program Service Revenue $42,000

Investment Income $91,240

Other Revenue $0

TOTAL REVENUE $18,298,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,360,267

Fundraising Expenses $352

Program Expenses $3,285,961

Other Expenses $2,442,429

TOTAL EXPENSES $3,802,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,298,154	$1,077,426	+16.0%
Expenses	$3,802,696	$4,768,396	-0.2%
Net Income	$14,495,458	$-3,690,970	-4.9%

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

Total Directors

$191,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Rhodes	Director	1.00	Director	$171,172	$20,460	$191,632
Aristia Kinis Glinka	Strategy Director	40.00		$148,787	$33,649	$182,436
Patrick Krause	Data Director	40.00		$135,986	$30,312	$166,298
Tess Cotter	Research Engineer	40.00		$128,606	$15,661	$144,267
Karina Dotson	Research Manager	40.00		$115,067	$18,870	$133,937
Yesenia Vargas	Researcher	40.00		$95,227	$23,335	$118,562
Chris Clark	COO/Director	10.00	Officer Director	$0	$0	$0
Sam Altman	Director	1.00	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	$18,298,154	$3,802,696	$2,973,762	$14,495,458
2023	$1,077,426	$4,768,396	$3,477,585	$-3,690,970
2023	$494,168	$4,768,407	$2,756,640	$-4,274,239
2022	$193,917	$3,576,723	$6,778,420	$-3,382,806
2021	$10,163,260	$2,967,624	$10,022,134	$7,195,636
2020	$4,136,079	$6,627,171	$3,321,930	$-2,491,092
2019	$1,727,094	$4,594,590	$834,220	$-2,867,496
2018	$1,865,919	$3,157,286	$551,125	$-1,291,367
2017	$6,036,020	$7,264,983	$4,332,854	$-1,228,963