UNIVERSITY LAB PARTNERS (EIN 841790343) - 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

2019

Legal Domicile

Principal Officer

KENNETH L BEALL

Phone

9497324290

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY LAB PARTNERS, founded in 2019, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2023.

Mission

ULP EMPOWERS ECONOMIC DEVELOPMENT AND JOB CREATION IN ORANGE COUNTY (CA) BY COMBINING A STATE-OF-THE-ART LIFE SCIENCE CO-WORKING ENVIRONMENT WITH WORKFORCE DEVELOPMENT AND TRAINING OPPORTUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $366,274

Program Service Revenue $4,592,137

Investment Income $13,866

Other Revenue $0

TOTAL REVENUE $4,972,277

Expense Breakdown

Grants Paid $5,619

Salaries & Benefits $955,048

Fundraising Expenses $39,587

Program Expenses $3,087,736

Other Expenses $4,136,837

TOTAL EXPENSES $5,136,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,972,277	$4,846,235	+0.0%
Expenses	$5,136,005	$4,607,738	+0.1%
Net Income	$-163,728	$238,497	-1.7%

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

$124,550

Total Directors

$124,550

Key Employees

$193,897

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOHDAN GREGORY A	CFO/TREASURER	12.00	Officer Director	$124,550	$0	$124,550
BEALL KENNETH L	CEO/PRESIDENT	8.00	Officer Director	$0	$0	$0
MAUNE HAREEM	SECRETARY	1.00	Officer Director	$0	$0	$0
GERACE JOHN	DIRECTOR	1.00	Director	$0	$0	$0
RAKESTRAW MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
KOCH KARIN L	MANAGING DIRECTOR	40.00	Key Emp	$184,000	$9,897	$193,897
MCCARTHY LINDA A	SITE DIRECTOR	40.00	Highest	$130,000	$9,822	$139,822
RENUSCH SAMANTHA RAE	DIRECTOR OF EDUCATION	40.00	Highest	$110,577	$8,120	$118,697

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	No data	No data	No data	No data
2023	$4,972,277	$5,136,005	$8,195,559	$-163,728
2022	$4,846,235	$4,607,738	$8,713,268	$238,497
2021	$3,756,700	$4,048,181	$3,170,025	$-291,481
2020	$3,423,011	$2,798,639	$3,657,643	$624,372
2019	$2,731,807	$661,111	$3,050,654	$2,070,696

UNIVERSITY LAB PARTNERS