RESPONSIBLE INNOVATION LABS INC (EIN 853338067) - 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

Gaurab Bansal

Phone

2069925846

Tax Period

2023-01-01 to 2023-12-31

RESPONSIBLE INNOVATION LABS INC, founded in 2020, is a small nonprofit in the Science & Technology sector that reported $981K in total revenue in fiscal year 2023. Revenue surged 178% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 15% operating margin.

Mission

Responsible Innovation Labs is a coalition of leading investors and technology executives who recognize the importance of responsible innovation and the need for a more rigorous approach to tackling the challenges and opportunities of this moment.

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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 $979,856

Program Service Revenue $0

Investment Income $1,579

Other Revenue $0

TOTAL REVENUE $981,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,101

Fundraising Expenses $122,816

Program Expenses $422,822

Other Expenses $294,392

TOTAL EXPENSES $832,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$981,435	$353,253	+1.8%
Expenses	$832,493	$620,151	+0.3%
Net Income	$148,942	$-266,898	-1.6%

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

$90,631

Total Directors

$7,000

Key Employees

$205,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jama Adams	Chief Operating Officer	40	Key Emp	$205,910	$0	$205,910
Luisa Reyes	Community Product Manager	40	Highest	$120,000	$6,567	$126,567
Gaurab Bansal	Executive Director	40	Officer	$79,833	$3,798	$83,631
Jon Zieger	President & Secretary	40	Officer Director	$4,500	$0	$4,500
Diede Van Lamoen	Treasurer	5	Officer Director	$2,500	$0	$2,500
Hemant Taneja	Director & Advisory Board Chair	5	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	$981,435	$832,493	$207,812	$148,942
2022	$353,253	$620,151	$58,325	$-266,898
2021	$614,060	$289,216	$324,879	$324,844

RESPONSIBLE INNOVATION LABS INC