AIRABLE RESEARCH LAB (EIN 862507311) - 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

Legal Domicile

Principal Officer

KIRK MERRITT

Phone

6143101800

Tax Period

2024-01-01 to 2024-12-31

AIRABLE RESEARCH LAB is a community nonprofit in the Science & Technology sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $965K, a strong 45% operating margin.

Mission

AIRABLE RESEARCH LAB IS AN ORGANIZATION FOCUSED ON RESEARCHING AND DEVELOPING NEW PRODUCTS THAT UTILIZE SOY-BASED FEEDSTOCKS TO SOLVE INDUSTRIAL AND CONSUMER CHALLENGES.

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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 $1,065,000

Program Service Revenue $831,924

Investment Income $34,062

Other Revenue $202,281

TOTAL REVENUE $2,133,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,018,826

Other Expenses $1,168,054

TOTAL EXPENSES $1,168,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,133,267	$1,887,670	+0.1%
Expenses	$1,168,054	$989,706	+0.2%
Net Income	$965,213	$897,964	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH KEMP	PRESIDENT	1.00	Director	$0	$0	$0
CINDY LAYMAN	TREASURER	1.00	Director	$0	$0	$0
STEVE REINHARD	DIRECTOR	1.00	Director	$0	$0	$0
JERRY BAMBAUER	DIRECTOR	1.00	Director	$0	$0	$0
BILL BAYLISS	VICE PRESIDE	1.00	Director	$0	$0	$0
MIKE FEAZEL	DIRCTOR	1.00	Director	$0	$0	$0
MANIO VALLURI	SECRETARY	1.00	Director	$0	$0	$0
JEFF MAGYAR	DIRECTOR	1.00	Director	$0	$0	$0
KIRK MERRITT	EXECUTIVE DI	1.00	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	$2,133,267	$1,168,054	$2,884,470	$965,213
2023	$1,887,670	$989,706	$1,912,211	$897,964
2022	$1,567,707	$726,732	$1,141,649	$840,975

AIRABLE RESEARCH LAB