The Reimagination Lab Inc

EIN: 834012097 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$928,417
Total Expenses
$808,516
Total Assets
$302,104
Net Assets
$302,104
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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
NY
Principal Officer
Thomas Subak
Phone
9176588065
Tax Period
2024-01-01 to 2024-12-31

The Reimagination Lab Inc, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $928K in total revenue in fiscal year 2024. Expenses of $809K left a modest 13% surplus.

Mission

The purpose of the Reimagination Lab is to make Artificial Intelligence (AI) driven products, service, and expertise available to the nonprofit sector at low or no cost.

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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 (2024)

Revenue Breakdown

Contributions & Grants $928,204
Program Service Revenue $0
Investment Income $213
Other Revenue $0
TOTAL REVENUE $928,417

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,628
Fundraising Expenses $0
Program Expenses $706,520
Other Expenses $253,888
TOTAL EXPENSES $808,516

Year-over-Year Comparison

2024 2023 Change
Revenue $928,417 N/A N/A
Expenses $808,516 N/A N/A
Net Income $119,901 N/A N/A
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
3
Independent Members
3
Employees
1
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
3
$510,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Subak CEO 40.00
Officer
$510,000 $0 $510,000
Ellen Feehan Officer 0.00
Officer
$0 $0 $0
Munawar Ahmed Officer 0.00
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
2024 $928,417 $808,516 $302,104 $119,901
2023 $1,156,872 $1,131,631 $222,403 $25,241
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