SPECTRUM BIOBANK INC (EIN 843418742) - 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

YAMBAZI BANDA

Phone

4159128816

Tax Period

2024-01-01 to 2024-12-31

SPECTRUM BIOBANK INC, founded in 2019, is a micro nonprofit in the Medical Research sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $359K exceeded revenue, resulting in a 14197% operating deficit.

Mission

A NONPROFIT ORGANIZATION WORKING TO CREATE MEDICINE FOR UNDERPRIVILEGED COMMUNITIES.

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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 $0

Program Service Revenue $0

Investment Income $2,491

Other Revenue $18

TOTAL REVENUE $2,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,737

Fundraising Expenses $0

Program Expenses $309,043

Other Expenses $239,978

TOTAL EXPENSES $358,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,509	$273,057	-1.0%
Expenses	$358,715	$326,742	+0.1%
Net Income	$-356,206	$-53,685	+5.6%

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

$110,000

Total Directors

$110,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY PARK	TREASURER/CFO	3.00	Officer Director	$0	$0	$0
NEEL MURARKA	SECRETARY	10.00	Officer Director	$0	$0	$0
YAMBAZI BANDA	CEO	40.00	Officer Director	$110,000	$0	$110,000

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	$2,509	$358,715	$11,804	$-356,206
2023	$273,057	$326,742	$368,042	$-53,685
2022	$300,000	$246,430	$421,635	$53,570
2021	$468,286	$100,221	$368,065	$368,065

SPECTRUM BIOBANK INC