CULTURE LAB LIC INC (EIN 844694898) - 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

2020

Legal Domicile

Principal Officer

EDWARD WHEELER

Phone

3478480030

Tax Period

2023-01-01 to 2023-12-31

CULTURE LAB LIC INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $785K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT LOCAL ARTISTS OF ALL DISCIPLINES & PROVIDE FREE, HIGH QUALITY ARTS PROGRAMMING TO OUR COMMUNITY

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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 $471,827

Program Service Revenue $155,376

Investment Income $0

Other Revenue $158,076

TOTAL REVENUE $785,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,724

Fundraising Expenses $109,788

Program Expenses $542,682

Other Expenses $460,431

TOTAL EXPENSES $804,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$785,279	$448,822	+0.7%
Expenses	$804,155	$312,362	+1.6%
Net Income	$-18,876	$136,460	-1.1%

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

$75,478

Total Directors

$75,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD WHEELER	EXECUTIVE DIRECTOR	40.00	Officer Director	$75,478	$0	$75,478
STEPHEN COOPER	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEONARD KLIPPER	TREASURER	8.00	Officer Director	$0	$0	$0
JORDAN HARE	SECRETARY	2.00	Officer Director	$0	$0	$0
TRISTAN FISCHER-SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA CHIET	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY PFOHL	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE KLIPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA ETZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
EBONY CONELY	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	No data	No data	No data	No data
2023	$785,279	$804,155	$154,595	$-18,876
2022	$448,822	$312,362	$172,575	$136,460
2021	$206,420	$287,368	$68,516	$-80,948
2020	$243,047	$126,450	$134,111	$116,597

CULTURE LAB LIC INC