BUILT2LAST INNOVATIONS LAB INC (EIN 871504608) - 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

2021

Legal Domicile

Principal Officer

ANITA DANIELS

Phone

9199989747

Tax Period

2023-01-01 to 2023-12-31

BUILT2LAST INNOVATIONS LAB INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 15% operating deficit.

Mission

CREATE A MORE INCLUSIVE ENTREPRENEURIAL AND BUSINESS ECOSYSTEM IN DURHAM, WITH AN EMPHASIS ON WOMEN AND UNDERREPRESENTED MINORITIES COMMUNITIES TO GAIN THE SKILLS AND EXPERIENCE NEEDED TO FULLY PARTICIPATE IN ECONOMIC PROPERITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $203,953

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,894

Fundraising Expenses $0

Program Expenses $215,760

Other Expenses $64,438

TOTAL EXPENSES $234,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,953	$301,805	-0.3%
Expenses	$234,332	$204,771	+0.1%
Net Income	$-30,379	$97,034	-1.3%

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

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

Total Directors

Key Employees

$119,439

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOYCE BLACKWELL	EXECUTIVE DIRECTOR	40.00	Key Emp	$119,439	$0	$119,439
ANITA DANIELS	CHAIR	0.50	Officer Director	$0	$0	$0
DEWARREN LANGLEY	SECRETARY	0.50	Officer Director	$0	$0	$0
KURT MERRIWEATHER	MEMBER	0.50	Director	$0	$0	$0
DR ZAPHON WILSON	MEMBER	0.50	Director	$0	$0	$0
TOM DROEGE	MEMBER	0.50	Director	$0	$0	$0
0	MEMBER	0.50	Director	$0	$0	$0
DEBRA PARKER	MEMBER	0.50	Director	$0	$0	$0
JOHN BRYSON	MEMBER	0.50	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
2023	$203,953	$234,332	$66,757	$-30,379
2022	$301,805	$204,771	$97,136	$97,034

BUILT2LAST INNOVATIONS LAB INC