KURA LABS INC (EIN 843878444) - 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

SHELDON GILBERT

Phone

6463227703

Tax Period

2024-01-01 to 2024-12-31

KURA LABS INC, founded in 2019, is a small nonprofit in the Education sector that reported $322K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 354% operating deficit.

Mission

KURA LABS IS RECRUITING AND TRAINING TALENTED ENGINEERS FROM UNDERSERVED COMMUNITIES ACROSS THE U.S. TO SUPPORT THE INVESTMENTS IN AI CHIP MANUFACTURING AND NEXT-GENERATION DATA CENTERS FOR CLOUD AND EDGE COMPUTING.

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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 $291,500

Program Service Revenue $30,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $321,500

Expense Breakdown

Grants Paid $4,454

Salaries & Benefits $952,013

Fundraising Expenses $48,636

Program Expenses $1,198,570

Other Expenses $495,386

TOTAL EXPENSES $1,459,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,500	$2,080,123	-0.8%
Expenses	$1,459,853	$929,050	+0.6%
Net Income	$-1,138,353	$1,151,073	-2.0%

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

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

$254,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELDON GILBERT	FOUNDER & CE	40.00	Officer	$254,167	$0	$254,167
LEWIS PINE	CFO	10.00	Officer	$0	$0	$0
JARNICKAE WILSON	BOARD MEMBER	1.00	Director	$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	$321,500	$1,459,853	$379,681	$-1,138,353
2023	$2,080,123	$929,050	$1,492,575	$1,151,073
2022	$694,364	$555,141	$279,657	$139,223
2021	$359,028	$340,701	$137,148	$18,327
2020	$263,250	$163,396	$99,854	$99,854

KURA LABS INC