ORANGE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
A member-based community workshop in the Orange Innovation Center, providing tools, equipment, education, and support to people who want to make and repair things, but don't have space, money, or...
A member-based community workshop in the Orange Innovation Center, providing 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. It offers an environment to share creative energy, a classroom for personal learning for all ages, and workforce training for re-entry into the job market.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LAUNCHSPACE INC with other nonprofits in Massachusetts and across the country.