INCUBATE

EIN: 854136963

WASHINGTON, DC

Total Revenue
$995,261
Total Expenses
$1,077,071
Total Assets
$112,251
Net Assets
$112,251
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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
DC
Principal Officer
LINDSAY ANDROSKI
Phone
2026295190
Tax Period
2023-01-01 to 2023-12-31

INCUBATE, founded in 2020, is a small nonprofit that reported $995K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

WE HELP ENSURE PATIENTS CONTINUE TO BENEFIT FROM THE UNRELENTING INNOVATION SPURRED BY VENTURE CAPITAL INVESTMENT IN LIFE SCIENCES AND PROTECTED BY AMERICA'S INTELLECTUAL PROPERTY SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $330,512

CONVENED PATIENTS, SCIENTISTS AND INVESTORS TO ADVANCE PRIORITIES FOR EARLY STAGE LIFE SCIENCE ECOSYSTEM.

Program 2
Expenses: $330,512

RAISED AWARENESS FOR POLICYMAKERS ABOUT THE EARLY STAGE ECOSYSTEM.

Program 3
Expenses: $330,512

EDUCATED INVESTORS AND PATIENT GROUPS ON CHANGES TO LIFE SCIENCE POLICY IN THE UNITED STATES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $995,000
Program Service Revenue $0
Investment Income $261
Other Revenue $0
TOTAL REVENUE $995,261

Expense Breakdown

Grants Paid $62,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $991,536
Other Expenses $1,014,571
TOTAL EXPENSES $1,077,071

Year-over-Year Comparison

2023 2022 Change
Revenue $995,261 $715,051 +0.4%
Expenses $1,077,071 $728,440 +0.5%
Net Income $-81,810 $-13,389 +5.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE BRENNAN SECRETARY 4.00
Officer Director
$0 $0 $0
LAURA GUNTER TREASURER 4.00
Officer Director
$0 $0 $0
LINDSAY ANDROSKI PRESIDENT 4.00
Officer 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 $995,261 $1,077,071 $112,251 $-81,810
2022 $715,051 $728,440 $194,061 $-13,389
2021 $2,275,055 $2,202,719 $239,450 $72,336
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