ASAPBIO

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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

PRACHEE AVASTHI

Phone

3196105597

Tax Period

2023-01-01 to 2023-12-31

ASAPBIO, founded in 2017, is a micro nonprofit in the Science & Technology sector that reported $9K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $302K exceeded revenue, resulting in a 3254% operating deficit.

Mission

ASAPBIO IS ACCELERATING THE OPEN COMMUNICATION OF LIFE SCIENCES RESEARCH, PROMOTING THE ADVANCEMENT OF DISCOVERY AND THE DISSEMINATION OF KNOWLEDGE FOR THE PUBLIC GOOD, AND EMPOWERING EARLY CAREER RESEARCHERS WITH MECHANISMS FOR DEMONSTRATING THEIR PRODUCTIVITY.

Program Service Accomplishments

Program 1

Expenses: $267,112 Revenue: $2,186

SUPPORT CULTURE CHANGE THROUGH COMMUNITY PROGRAMS AND OUTREACH - ASAPBIO COMPLETED A THIRD COHORT OF THE FELLOWS PROGRAM, WITH 37 FELLOWS COMPLETING 5 PROJECTS. WE INCREASED VISIBILITY OF ASAPBIO IN DIFFERENT GEOGRAPHICAL AREAS VIA COLLABORATIONS WITH LOCAL OPEN SCIENCE GROUPS FROM ASIA, AFRICA & LATIN AMERICA, WITH VIRTUAL AND IN-PERSON EVENTS FOR THESE REGIONS, AND BY LAUNCHING THE LOCAL HUBS PROGRAM.PROMOTE CONSTRUCTIVE PREPRINT REVIEW - ASAPBIO CONTINUED THE CROWD PREPRINT REVIEW FRAMEWORK AND COMPLETED A THIRD CYCLE OF ACTIVITIES WITH 4 FELLOW-LED CROWDS AND 36 PUBLIC PREPRINT REVIEWS POSTED. COLLABORATED WITH EUROPE PMC TO HOST A WORKSHOP ON SUPPORTING INTEROPERABILITY OF PREPRINT PEER REVIEW METADATA. DISSEMINATED A MEETING REPORT AND CALL TO ACTION FROM RECOGNIZING PREPRINT PEER REVIEW. HELD EVENTS AT THE PROTEIN SOCIETY AND CELL BIO CONFERENCES TO PROMOTE CONVERSATIONS ABOUT PREPRINT REVIEW.EXPAND THE USAGE OF PREPRINTS TO SHARE SCIENCE EARLIER - ASAPBIO POSTED A PREPRINT IN PROGRESS, AUTHORED BY ASAPBIO FELLOWS, ABOUT CATEGORIZING PREPRINTS IN PROGRESS. ANNOUNCED THE WINNERS OF A COMPETITION TO SHOWCASE THE USE OF PREPRINTS TO SHARE NEGATIVE RESULTS.

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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 $3,900

Program Service Revenue $2,186

Investment Income $2,904

Other Revenue $0

TOTAL REVENUE $8,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,368

Fundraising Expenses $2,929

Program Expenses $267,112

Other Expenses $61,159

TOTAL EXPENSES $301,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,990	$169,088	-0.9%
Expenses	$301,527	$294,515	+0.0%
Net Income	$-292,537	$-125,427	+1.3%

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

$134,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRACHEE AVASTHI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES FRASER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER LIN	SECRETARY	1.00	Officer Director	$0	$0	$0
IAIN CHEESEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
R DYCHE MULLINS	DIRECTOR	1.00	Director	$0	$0	$0
OSMAN ALDIRDIRI	DIRECTOR (THRU FEBRUARY)	1.00	Director	$0	$0	$0
CAROLE LEE	DIRECTOR	1.00	Director	$0	$0	$0
LUDO WALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
THABISO MOTAUNG	DIRECTOR	1.00	Director	$0	$0	$0
GAUTAM DEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN RATAN	DIRECTOR	1.00	Director	$0	$0	$0
KLEBER NEVES	DIRECTOR	1.00	Director	$0	$0	$0
NEEDHI BHALLA	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA POLKA	EXECUTIVE DIRECTOR	40.00	Officer	$129,265	$5,191	$134,456

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,990	$301,527	$718,151	$-292,537
2022	$169,088	$294,515	$1,011,205	$-125,427
2021	$730,995	$306,824	$1,131,816	$424,171
2020	$77,386	$374,788	$716,805	$-297,402
2019	$50,578	$604,257	$1,008,711	$-553,679
2018	$648,370	$89,027	$1,559,187	$559,343