GridLab Inc (EIN 824198360) - 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

2018

Legal Domicile

Principal Officer

Ric O'Connell

Phone

4153053235

Tax Period

2024-01-01 to 2024-12-31

GridLab Inc, founded in 2018, is a community nonprofit in the Environment sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $6.9M left a modest 6% surplus.

Mission

GridLab provides technical grid expertise to enhance policy decision-making and to ensure a rapid transition to a reliable, cost effective, and low carbon future.

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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 $7,344,781

Program Service Revenue $0

Investment Income $45,866

Other Revenue $0

TOTAL REVENUE $7,390,647

Expense Breakdown

Grants Paid $259,384

Salaries & Benefits $1,297,773

Fundraising Expenses $57,922

Program Expenses $6,617,910

Other Expenses $5,384,049

TOTAL EXPENSES $6,941,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,390,647	$4,336,198	+0.7%
Expenses	$6,941,206	$4,151,653	+0.7%
Net Income	$449,441	$184,545	+1.4%

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

$297,785

Total Directors

$297,785

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ric O'Connell	President & ED	40.00	Officer Director	$247,191	$50,594	$297,785
Priya Sreedharan	Sr. Program Dir.	40.00		$191,176	$12,613	$203,789
Casey Baker	Sr Program Manager	40.00		$155,766	$30,983	$186,749
Taylor McNair	Sr Program Manager	40.00		$114,238	$10,306	$124,544
Cassady Craighill	Technical Edu Dir.	40.00		$104,124	$13,894	$118,018
Curtis Seymour	Sctry/Treasurer	1.00	Officer Director	$0	$0	$0
Mark Ahlstrom	Board Member	1.00	Director	$0	$0	$0
David Hochschild	Board Member	1.00	Director	$0	$0	$0
Virginia Lacy	Board Member	1.00	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
2024	$7,390,647	$6,941,206	$3,520,296	$449,441
2023	$4,336,198	$4,151,653	$2,673,568	$184,545
2022	$4,907,913	$3,523,282	$2,415,466	$1,384,631
2021	$2,004,474	$3,224,460	$780,147	$-1,219,986
2020	$2,536,310	$1,768,716	$2,012,524	$767,594
2019	$1,817,708	$1,138,618	$1,167,731	$679,090
2018	$522,600	$374,254	$148,346	$148,346

GridLab Inc