LAUNCH INC (EIN 832564017) - 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

EMIL RUNGE

Phone

9192442474

Tax Period

2024-07-01 to 2025-06-30

LAUNCH INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $278K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $343K exceeded revenue, resulting in a 23% operating deficit.

Mission

LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM.

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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 $274,500

Program Service Revenue $0

Investment Income $3,708

Other Revenue $0

TOTAL REVENUE $278,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,240

Fundraising Expenses $0

Program Expenses $215,293

Other Expenses $212,358

TOTAL EXPENSES $342,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,208	$342,605	-0.2%
Expenses	$342,598	$280,131	+0.2%
Net Income	$-64,390	$62,474	-2.0%

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

$111,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMIL RUNGE	EXECUTIVE DI	40.00	Officer	$0	$0	$0
IAN BALTUTIS	EXECUTIVE DI	40.00	Officer	$109,671	$2,108	$111,779
SHERYL WADDELL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ELAINE BOLLE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT MAITLAND	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
LESLIE JUMP	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LINNANE	DIRECTOR	1.00	Director	$0	$0	$0
FRAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SALAZAR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PUTNAM	DIRECTOR	2.00	Director	$0	$0	$0
JAN DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
LENNON DODSON	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
2025	$278,208	$342,598	$298,452	$-64,390
2024	$342,605	$280,131	$231,506	$62,474
2023	$283,736	$320,340	$287,234	$-36,604
2022	$275,579	$282,701	$198,226	$-7,122
2021	$228,695	$229,622	$206,348	$-927

LAUNCH INC