LEAN ROCKET LAB (EIN 830792165) - 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

BRANDON MARKEN

Phone

5173954151

Tax Period

2024-01-01 to 2024-12-31

LEAN ROCKET LAB, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $298K, a strong 15% operating margin.

Mission

LEAN ROCKET LAB REMOVES COMMON BARRIERS TO INNOVATION BY PROVIDING A COLLABORATIVE WORKSPACE FULL OF HIGH ENERGY ENTREPRENEURS, ADVANCED EDUCATIONAL PROGRAMMING, HELPFUL BUSINESS RESOURCES, AND ACCESS TO VARIOUS STAGES OF CAPITAL SO BUSINESSES OR PRODUCTS CAN LAUNCH AND THRIVE.

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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 $1,113,531

Program Service Revenue $762,233

Investment Income $9,587

Other Revenue $60,000

TOTAL REVENUE $1,945,351

Expense Breakdown

Grants Paid $88,100

Salaries & Benefits $580,227

Fundraising Expenses $98,822

Program Expenses $1,461,033

Other Expenses $978,808

TOTAL EXPENSES $1,647,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,945,351	$752,411	+1.6%
Expenses	$1,647,135	$782,877	+1.1%
Net Income	$298,216	$-30,466	-10.8%

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

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

$290,008

Total Directors

$290,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON MARKEN	PRESIDENT/CE	40.00	Officer Director	$140,780	$4,224	$145,004
KEN SENEFF	VP/SECRETARY	40.00	Officer Director	$140,780	$4,224	$145,004
NADIA ABUNASSER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FEURSTENAU	DIRECTOR	1.00	Director	$0	$0	$0
SEAN HILBERT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEVE RICK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RIVERA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID SHIRKEY	DIRECTOR	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	$1,945,351	$1,647,135	$1,167,056	$298,216
2023	$752,411	$782,877	$409,764	$-30,466
2022	$798,315	$770,328	$478,350	$27,987
2021	$721,484	$586,077	$438,200	$135,407
2020	$402,061	$392,456	$273,876	$9,605
2019	$408,659	$309,481	$211,287	$99,178
2018	$144,765	$50,270	$111,550	$94,495

LEAN ROCKET LAB