ALTLABS INC

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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

2019

Legal Domicile

Phone

6508636354

Tax Period

2021-01-01 to 2021-12-31

ALTLABS INC, founded in 2019, is a small nonprofit that reported $100K in total revenue in fiscal year 2021. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 16% operating deficit.

Mission

ALTLABS IS A RESEARCH NON-PROFIT INSTITUTION FOCUSED ON THE DEVELOPMENT AND ADVANCEMENT OF TECHNOLOGY FOR BIOSECURITY RISK REDUCTION.

Program Service Accomplishments

Program 1

Expenses: $50,543 Revenue: $0

OUR CURRENT WORK FOCUSES ON IMPROVING BIOSECURITY AND REDUCING THE RISKS FROM BIOLOGICAL THREATS. IN 2021, WE RAN A DATA SCIENCE COMPETITION AIMED AT ENHANCING THE ACCURACY OF TOOLS THAT COULD BE...

OUR CURRENT WORK FOCUSES ON IMPROVING BIOSECURITY AND REDUCING THE RISKS FROM BIOLOGICAL THREATS. IN 2021, WE RAN A DATA SCIENCE COMPETITION AIMED AT ENHANCING THE ACCURACY OF TOOLS THAT COULD BE USED TO TRACE GENETICALLY ENGINEERED ORGANISMS BACK TO THEIR LAB-OF-ORIGIN, TO IMPROVE ACCOUNTABILITY AND TRANSPARENCY. THIS COMPETITION LED TO SIGNIFICANT IMPROVEMENTS IN STATE- OF-THE-ART TOOLS, AND HAS BEEN SUMMARIZED IN A MANUSCRIPT RECENTLY ACCEPTED FOR PUBLICATION IN NATURE COMMUNICATIONS. WE SEPARATELY PUBLISHED THE RESULTS OF INVESTIGATIONS CARRIED OUT INTERNALLY ON GENETIC ENGINEERING ATTRIBUTION, AND WE COORDINATED QUALITATIVE RESEARCH INTO THE LANDSCAPE OF TECHNOLOGIES THAT COULD HELP PROTECT AGAINST BIOLOGICAL THREATS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $100,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,657

Fundraising Expenses $0

Program Expenses $50,543

Other Expenses $76,437

TOTAL EXPENSES $116,094

Year-over-Year Comparison

	2021	2020	Change
Revenue	$100,001	$150,003	-0.3%
Expenses	$116,094	$290,642	-0.6%
Net Income	$-16,093	$-140,639	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN ALLEY	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
KEVIN ESVELT	DIRECTOR	0.25	Director	$0	$0	$0
GREGORY LEWIS	DIRECTOR	0.25	Director	$0	$0	$0
JACOB SWETT	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS BAKERLEE	SECRETARY & TREASURER	7.00	Officer	$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
2021	$100,001	$116,094	$181,443	$-16,093
2020	$150,003	$290,642	$205,062	$-140,639