RMI LAB PROPERTIES INC

EIN: 864000927 501(c)(3) Science & Technology

FORT COLLINS, CO

Total Revenue
$342,048
Total Expenses
$351,191
Total Assets
$5,617,113
Net Assets
$-45,063
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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
CO
Principal Officer
MIKE FREEMAN
Phone
9702211301
Tax Period
2023-01-01 to 2023-12-31

RMI LAB PROPERTIES INC, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $342K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum.

Mission

TO GIVE BIOSCIENCE AND CLIMATE TECH STARTUPS THE ABILITY TO ACCESS AFFORDABLE WET LABORATORY SPACE TO CARRY OUT THEIR RESEARCH AND DEVELOPMENT, AN ESSENTIAL STEP TO COMMERICALIZE THEIR TECHNOLOGIES.

Program Service Accomplishments

Program 1
Expenses: $178,169 Revenue: $292,151

LABORATORY SPACE RENTAL FOR START UP COMPANIES FOR SUSTAINABILITY.

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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 $0
Program Service Revenue $292,151
Investment Income $15,456
Other Revenue $34,441
TOTAL REVENUE $342,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $178,169
Other Expenses $351,191
TOTAL EXPENSES $351,191

Year-over-Year Comparison

2023 2022 Change
Revenue $342,048 $196,177 +0.7%
Expenses $351,191 $272,231 +0.3%
Net Income $-9,143 $-76,054 -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
4
Independent Members
3
Employees
2
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
$170,141
Total Directors
4
$170,141
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG JOHNSON TREASURER 2.00
Officer Director
$0 $0 $0
TODD HEADLEY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL FREEMAN PRESIDENT 5.00
Officer Director
$0 $29,546 $170,141
MORGAN DEFOORT SECRETARY 1.00
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 $342,048 $351,191 $5,617,113 $-9,143
2022 $196,177 $272,231 $5,651,438 $-76,054
2021 $50,173 $10,039 $5,666,134 $40,134
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