PORTOLA VALLEY, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
SPECTRUM BIOBANK, A NON-PROFIT ORGANIZATION, IS FOCUSED ON CLOSING THE GENETIC DIVERSITY GAP AS THE WORLD'S ONLY DIVERSITY FIRST BIOBANK FOR RESEARCHERS. WE EDUCATE, COLLECT SAMPLES, AND SEQUENCE DNA FROM UNDER-REPRESENTED GROUPS SO THAT OUR ACADEMIC RESEARCH PARTNERS CAN DEVELOP PRECISION MEDICINE FOR EVERYONE.
SPECTRUM IS FOCUSED ON BRIDGING THE DIVERSITY GAP IN GENOMICS. TO THAT EFFECT IT HAS SETUP A BIOBANK TO GENERATE DNA SEQUENCE DATA FROM DIVERSE POPULATIONS AND PARTNER WITH RESEARCHERS TO PROVIDE...
SPECTRUM IS FOCUSED ON BRIDGING THE DIVERSITY GAP IN GENOMICS. TO THAT EFFECT IT HAS SETUP A BIOBANK TO GENERATE DNA SEQUENCE DATA FROM DIVERSE POPULATIONS AND PARTNER WITH RESEARCHERS TO PROVIDE INSIGHTS USING THIS DATA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SPECTRUM BIOBANK INC with other nonprofits in California and across the country.