LABSTART INNOVATIONS INC (EIN 871531176) - 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

DEEPA LOUNSBURY

Phone

3102914755

Tax Period

2023-01-01 to 2023-12-31

LABSTART INNOVATIONS INC, founded in 2021, is a community nonprofit in the Environment sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 1351% from the prior year, signaling strong growth momentum. The organization ran a surplus of $728K, a strong 60% operating margin.

Mission

PROMOTE AND ACCELERATE GLOBAL SUSTAINABILITY, SCIENTIFIC ADVANCEMENT, SOCIAL INNOVATION, AND ECONOMIC DEVELOPMENT

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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 $1,209,549

Program Service Revenue $1,000

Investment Income $0

Other Revenue $7

TOTAL REVENUE $1,210,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,543

Fundraising Expenses $0

Program Expenses $387,962

Other Expenses $110,455

TOTAL EXPENSES $482,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,210,556	$83,450	+13.5%
Expenses	$482,998	$64,523	+6.5%
Net Income	$727,558	$18,927	+37.4%

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

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

$364,955

Total Directors

$364,955

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEEPA LOUNSBURY	CEO	40.00	Officer Director	$180,000	$19,050	$199,050
TROY DALEY	PROGRAM DIR	40.00	Officer Director	$108,153	$3,707	$111,860
MEGAN HOLCOMB	COO	40.00	Officer Director	$48,750	$5,295	$54,045
JOHN MEISSNER	PRESIDENT	2.00	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	$1,210,556	$482,998	$770,926	$727,558

LABSTART INNOVATIONS INC