WPLAB INC

EIN: 861413357 501(c)(3) Medical Research

DURHAM, NC

Total Revenue
$238,219
Total Expenses
$220,453
Total Assets
$189,460
Net Assets
$187,457
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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
2021
Legal Domicile
NC
Principal Officer
WILLIAM R PARKER
Phone
9199495718
Tax Period
2024-01-01 to 2024-12-31

WPLAB INC, founded in 2021, is a small nonprofit in the Medical Research sector that reported $238K in total revenue in fiscal year 2024. Expenses of $220K left a modest 7% surplus.

Mission

SCIENTIFIC RESEARCH AND EDUCATING THE PUBLIC ON CHRONIC INFLAMMATORY DISEASE

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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 (2024)

Revenue Breakdown

Contributions & Grants $238,404
Program Service Revenue $0
Investment Income $-185
Other Revenue $0
TOTAL REVENUE $238,219

Expense Breakdown

Grants Paid $0
Salaries & Benefits $85,082
Fundraising Expenses $4,036
Program Expenses $125,087
Other Expenses $135,371
TOTAL EXPENSES $220,453

Year-over-Year Comparison

2024 2023 Change
Revenue $238,219 $247,751 0.0%
Expenses $220,453 $89,067 +1.5%
Net Income $17,766 $158,684 -0.9%
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
N/A
Independent Members
N/A
Employees
3
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM R PARKER PRESIDENT N/A
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 $238,219 $220,453 $189,460 $17,766
2023 $247,751 $89,067 $174,498 $158,684
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