LAUNCHSPACE INC (EIN 814826723) - 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

2017

Legal Domicile

Principal Officer

Brianna Drohen

Phone

9786335131

Tax Period

2024-01-01 to 2024-12-31

LAUNCHSPACE INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $685K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 21% operating margin.

Mission

LaunchSpace is a non-profit, member-based community workshop. We provide tools, equipment, education, and support to people who want to make and repair things, but don't have space, money, or time to build a shop of their own.

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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 $660,550

Program Service Revenue $24,242

Investment Income $7

Other Revenue $0

TOTAL REVENUE $684,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,818

Fundraising Expenses $529

Program Expenses $282,457

Other Expenses $309,807

TOTAL EXPENSES $541,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$684,799	$514,719	+0.3%
Expenses	$541,625	$400,790	+0.4%
Net Income	$143,174	$113,929	+0.3%

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

$71,228

Total Directors

$71,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brianna Drohen	President and CEO	40	Officer Director	$66,094	$5,134	$71,228
Courtney Fifield	Board Chair	2	Officer Director	$0	$0	$0
Melissa Rancourt	Secretary	2	Officer Director	$0	$0	$0
Mark Wright	Treasurer	2	Officer Director	$0	$0	$0
Alec Macleod	Vice president	2	Officer Director	$0	$0	$0
Sarah Adams	Director	2	Director	$0	$0	$0
Tanya Quinn	Director	2	Director	$0	$0	$0
Kristin Leu	Director	2	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	$684,799	$541,625	$521,179	$143,174
2023	$514,719	$400,790	$353,121	$113,929
2022	$197,709	$177,070	$322,134	$20,639
2018	$256,996	$126,129	$117,306	$130,867

LAUNCHSPACE INC