Large Binocular Telescope Corporation (EIN 860724677) - 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

1992

Legal Domicile

Principal Officer

Adriano Fontana

Phone

5206265231

Tax Period

2024-01-01 to 2024-12-31

Large Binocular Telescope Corporation, founded in 1992, is a mid-sized nonprofit in the Science & Technology sector that reported $15.2M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $22.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

To construct and operate a research facility known as the Large Binocular Telescope.

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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 $15,123,001

Program Service Revenue $0

Investment Income $63,939

Other Revenue $53,743

TOTAL REVENUE $15,240,683

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $27,500

Fundraising Expenses $0

Program Expenses $19,896,507

Other Expenses $22,053,072

TOTAL EXPENSES $22,090,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,240,683	$24,120,428	-0.4%
Expenses	$22,090,572	$22,571,536	0.0%
Net Income	$-6,849,889	$1,548,892	-5.4%

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

N/A

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

$27,500

Total Directors

$27,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adriano Fontana	Chiarman & President	4.00	Officer Director	$27,500	$0	$27,500
Chris Kochanek	Vice Chairman	2.00	Officer Director	$0	$0	$0
Andreas Quirrenbach	Director	2.00	Director	$0	$0	$0
Roberto Ragazzoni	Director	2.00	Director	$0	$0	$0
Matthias Steinmetz	Director	2.00	Director	$0	$0	$0
Evan Kirby	Director	2.00	Director	$0	$0	$0
Dennis Zaritsky	Director	2.00	Director	$0	$0	$0
Buell Jannuzi	Director & Member Representative	2.00	Director	$0	$0	$0
Hans-Walter Rix	Member Representative	2.00	Director	$0	$0	$0
Susan Olesik	Member Representative	2.00	Director	$0	$0	$0
Fillippo Zerbi	Member Representative	2.00	Director	$0	$0	$0
Mathias Voss	Treasurer	2.00	Officer	$0	$0	$0
Elizabeth Green	Secretary	2.00	Officer	$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	$15,240,683	$22,090,572	$94,570,234	$-6,849,889
2023	$24,120,428	$22,571,536	$101,579,590	$1,548,892
2022	$12,383,410	$20,068,645	$100,280,191	$-7,685,235
2021	$11,909,094	$19,768,068	$104,607,014	$-7,858,974
2020	$12,299,317	$19,513,087	$112,935,618	$-7,213,770
2019	$18,427,189	$20,335,778	$120,441,730	$-1,908,589
2018	$13,109,030	$15,688,467	$119,161,130	$-2,579,437

Large Binocular Telescope Corporation