FINREGLAB INC

EIN: 822842970 501(c)(3) Science & Technology

WASHINGTON, DC

Total Revenue
$3,438,618
Total Expenses
$2,958,484
Total Assets
$2,334,531
Net Assets
$1,795,444
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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
DC
Principal Officer
MELISSA KOIDE
Phone
2029514088
Tax Period
2023-01-01 to 2023-12-31

FINREGLAB INC, founded in 2017, is a community nonprofit in the Science & Technology sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 14% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO TEST NEW TECHNOLOGIES AND DATA TO INFORM PUBLIC POLICY AND DRIVE THE FINANCIAL SECTOR TOWARD A RESPONSIBLE AND INCLUSIVE FINANCIAL MARKETPLACE.

Program Service Accomplishments

Program 1
Expenses: $805,962 Revenue: $0

AI IN FINANCIAL SERVICES: THE ORGANIZATION CONDUCTS EMPIRICAL RESEARCH AND FACILITATES DIALOGUE ACROSS THE PUBLIC POLICY, FINANCIAL, TECHNOLOGY, ADVOCACY, AND ACADEMIC SECTORS TO EXAMINE THE...

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AI IN FINANCIAL SERVICES: THE ORGANIZATION CONDUCTS EMPIRICAL RESEARCH AND FACILITATES DIALOGUE ACROSS THE PUBLIC POLICY, FINANCIAL, TECHNOLOGY, ADVOCACY, AND ACADEMIC SECTORS TO EXAMINE THE POTENTIAL OF ARTIFICIAL INTELLIGENCE (AI)/MACHINE LEARNING (ML) TO IMPROVE FINANCIAL INCLUSION AND FINANCIAL WELL-BEING. THE WORK ALSO INCLUDES EXAMINING AI/ML ACROSS A VARIETY OF FINANCIAL SECTOR USE CASES TO EVALUATE CUSTOMER IMPACT, MARKET PRACTICES, AND PUBLIC POLICY

Program 2
Expenses: $547,305 Revenue: $0

PROGRAM RESEARCH - THIS PROGRAM INCLUDES EXPLORATORY AND PLANNING WORK FOR FUTURE EMPIRICAL PROJECT OPPORTUNITIES AND SMALLER PROGRAM INITIATIVES THAT ADVANCE THE ORGANIZATION'S MISSION OF...

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PROGRAM RESEARCH - THIS PROGRAM INCLUDES EXPLORATORY AND PLANNING WORK FOR FUTURE EMPIRICAL PROJECT OPPORTUNITIES AND SMALLER PROGRAM INITIATIVES THAT ADVANCE THE ORGANIZATION'S MISSION OF INTERROGATING TECHNOLOGY AND DATA FOR FINANCIAL INCLUSION AND FINANCIAL WELL-BEING.

Program 3
Expenses: $468,922 Revenue: $0

SMALL BUSINESS RESEARCH: THE ORGANIZATION IS CONDUCTING RESEARCH INTO THE VALUE OF BANK ACCOUNTS AND OTHER NON-TRADITIONAL DATA FOR INCREASING CREDIT ACCESS TO MINORITY BUSINESS ENTERPRISES AND OTHER...

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SMALL BUSINESS RESEARCH: THE ORGANIZATION IS CONDUCTING RESEARCH INTO THE VALUE OF BANK ACCOUNTS AND OTHER NON-TRADITIONAL DATA FOR INCREASING CREDIT ACCESS TO MINORITY BUSINESS ENTERPRISES AND OTHER SMALL COMPANIES. THE PROGRAM IS ALSO FOCUSED ON HELPING MISSION-BASED LENDERS INCREASE THE SCALE OF THEIR OPERATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,235,817
Program Service Revenue $202,801
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,438,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,846,949
Fundraising Expenses $7,593
Program Expenses $2,012,339
Other Expenses $1,111,535
TOTAL EXPENSES $2,958,484

Year-over-Year Comparison

2023 2022 Change
Revenue $3,438,618 $2,865,900 +0.2%
Expenses $2,958,484 $1,900,789 +0.6%
Net Income $480,134 $965,111 -0.5%
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

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Governance

Voting Members
11
Independent Members
10
Employees
14
Volunteers
10

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
5
$914,292
Total Directors
15
$914,292
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA KOIDE CEO 40
Officer Director
$275,140 $0 $275,140
KELLY THOMPSON COCHRAN SECRETARY & TREASURER 40
Officer Director
$224,668 $0 $224,668
ZIHSUN ZHAO SENIOR DATA SCIENTIST 40
Officer Director
$179,144 $0 $179,144
KERRIGAN B MOLLAND EMPLOYEE 40
Highest
$134,456 $0 $134,456
NATALIA BAILEY EMPLOYEE 40
Highest
$124,845 $0 $124,845
NANCY CASTILLO CHIEF OPEARTING OFFICER 40
Officer Director
$118,634 $0 $118,634
SARAH DAVIES CHIEF ANALYTICS OFFICER 30
Officer Director
$116,706 $0 $116,706
AMY FRIEND BOARD CHAIR 1
Director
$0 $0 $0
JO ANN BAREFOOT BOARD MEMBER 1
Director
$0 $0 $0
MARLA BLOW BOARD MEMBER 1
Director
$0 $0 $0
ALEXANDER ACREE BOARD MEMBER 1
Director
$0 $0 $0
MIKE CALHOUN BOARD MEMBER 1
Director
$0 $0 $0
KAREN CROXSON BOARD MEMBER 1
Director
$0 $0 $0
COURTNEY HODAPP BOARD MEMBER 1
Director
$0 $0 $0
KABIR KUMAR BOARD MEMBER 1
Director
$0 $0 $0
CANTWELL FAULKNER MUCKENFUSS III BOARD MEMBER 1
Director
$0 $0 $0
LISA RICE BOARD MEMBER 1
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 No data No data No data No data
2023 $3,438,618 $2,958,484 $2,334,531 $480,134
2022 $2,865,900 $1,900,789 $1,456,609 $965,111
2021 $1,161,009 $1,263,857 $442,962 $-102,848
2020 $1,200,000 $1,100,163 $594,870 $99,837
2019 $201,000 $1,050,431 $422,959 $-849,431
2018 $1,701,500 $482,931 $1,281,807 $1,218,569
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