CANARY IMPACT LAB INC (EIN 872605065) - 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

ADRIAN HARO

Phone

9175969653

Tax Period

2023-01-01 to 2023-12-31

CANARY IMPACT LAB INC, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $577K, a strong 22% operating margin.

Mission

CANARY RAISES AND DISTRIBUTES FUNDS TO INDIVIDUALS EXPERIENCING FINANCIAL NEED.

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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 $2,556,460

Program Service Revenue $50,224

Investment Income $7,491

Other Revenue $0

TOTAL REVENUE $2,614,175

Expense Breakdown

Grants Paid $1,990,375

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,990,375

Other Expenses $47,233

TOTAL EXPENSES $2,037,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,614,175	$1,009,584	+1.6%
Expenses	$2,037,608	$120,378	+15.9%
Net Income	$576,567	$889,206	-0.4%

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

N/A

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

$118,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY CALVERT RODRIGUES	CHAIR	0.25	Officer Director	$0	$0	$0
ADRIAN HARO	VICE CHAIR & TREASURER	0.25	Officer Director	$0	$0	$0
KRISTEN BERMAN	SECRETARY	0.25	Officer Director	$0	$0	$0
KEN GROUF	BOARD MEMBER	0.25	Director	$0	$0	$0
RACHEL SCHNEIDER	BOARD MEMBER	0.25	Director	$0	$3,450	$118,450

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	$2,614,175	$2,037,608	$1,469,994	$576,567
2022	$1,009,584	$120,378	$987,836	$889,206

CANARY IMPACT LAB INC