LabRats San Diego (EIN 820839046) - 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

Jason Merrill

Phone

7604504717

Tax Period

2024-01-01 to 2024-12-31

LabRats San Diego, founded in 2017, is a small nonprofit in the Education sector that reported $691K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 20% operating margin.

Mission

Our 2023 year was one of expansion of existing contracts with Bonsall, South Bay, and San Diego school districts. Our Digital channel on youtube increased the number of labs available on our channel. Also In 2023, We added another vehicle to our mobile science van lab fleet basically doubling our mobile science teaching capabilities. We also restarted weekly opportunities at our STEM discovery center. Our corporate sponsorship efforts were rewarded with a 100,000corporate sponsorship from Ting Internet.

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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 $12,466

Program Service Revenue $678,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $690,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,191

Fundraising Expenses $0

Program Expenses $406,789

Other Expenses $142,589

TOTAL EXPENSES $554,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,793	$563,068	+0.2%
Expenses	$554,780	$437,072	+0.3%
Net Income	$136,013	$125,996	+0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$27,541

Total Directors

$144,973

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Ryan Merrill	Director	35.00	Director	$59,610	$0	$59,610
Jason P Merrill	Director	35.00	Director	$57,822	$0	$57,822
James K Merrill	President	32.50	Officer Director	$27,541	$0	$27,541
Dr Janice Green	Director	0.00	Director	$0	$0	$0
Dr Roger Bolus	Director	0.00	Director	$0	$0	$0
Kerry Witkin	Director	0.00	Director	$0	$0	$0
Michael W John	Director	0.00	Director	$0	$0	$0
Albert A Erkel	Director	0.00	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
2025	No data	No data	No data	No data
2024	$690,793	$554,780	$184,497	$136,013
2023	$563,068	$437,072	$100,024	$125,996
2022	$341,835	$310,294	$19,369	$31,541

LabRats San Diego