NEXLEAF ANALYTICS

EIN: 900514027 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$6,460,831
Total Expenses
$9,568,863
Total Assets
$11,047,461
Net Assets
$10,054,924
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
NITHYA RAMANATHAN
Phone
2139156729
Tax Period
2023-01-01 to 2023-12-31

NEXLEAF ANALYTICS, founded in 2009, is a community nonprofit in the Health Care sector that reported $6.5M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $9.6M exceeded revenue, resulting in a 48% operating deficit.

Mission

[Continued from Page 1] AND ADVANCED DATA ANALYTICS THAT ENABLE REMOTE MONITORING AND DATA COLLECTION FROM ALMOST ANYWHERE ON THE PLANET.

Program Service Accomplishments

Program 1
Expenses: $6,721,519 Revenue: $2,182,184

Vaccines: Remote temperature monitoring of cold chain equipment: Our vaccine program uses wireless technologies to monitor the temperature inside of refrigerators and cold storage facilities, which...

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Vaccines: Remote temperature monitoring of cold chain equipment: Our vaccine program uses wireless technologies to monitor the temperature inside of refrigerators and cold storage facilities, which are used to store vaccines and other temperature-sensitive medications. The transportation, storage, and distribution infrastructure that keeps many vaccines and other temperature sensitive medications at controlled temperatures called the cold chain is unreliable in many developing countries. The last mile of the cold chain, which includes rural clinics and delivery by foot as a health worker travels from one village to the next, is particularly vulnerable, marked by unreliable power. If the cold chain is not maintained from the manufacturer to the location where vaccines are administered, the vaccines can become less potent or completely ineffective. (continued on Schedule O]

Program 2

Air Pollution and Clean Cookstove Monitoring: Nexleaf develops a low-cost, wireless clean or improved cookstove sensor. This sensor monitors the amount of cooking performed on such cookstoves to help...

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Air Pollution and Clean Cookstove Monitoring: Nexleaf develops a low-cost, wireless clean or improved cookstove sensor. This sensor monitors the amount of cooking performed on such cookstoves to help verify the amount of carbon emissions that can be saved by switching to cleaner burning cooking methods. These kinds of cleaner technologies are needed in areas such as rural India, where it is common for meals to be cooked over open fires. Using improved cookstoves to prepare meals can eliminate much of this pollution. However, the cost of owning such cookstoves is a hurdle that limits the number of people who use them. In order to address this issue, we have developed a cookstove monitor that is aimed at helping reduce the cost of owning a cookstove by creating a mechanism whereby families can earn money for their continued use of the cleaner burning technology.

Program 3

Hope and Innovation - Exploring new applications of our technologies:Programs supported by the organization all utilize mobile sensing technology to monitor and develop data for various activities...

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Hope and Innovation - Exploring new applications of our technologies:Programs supported by the organization all utilize mobile sensing technology to monitor and develop data for various activities, environments, and/or communities. We regularly explore new applications of our technologies in underserved markets relevant to our mission, spending time with potential customers to understand their unmet needs. We then test minimum viable products to determine their technical feasibility and market acceptance before deciding whether to develop and scale them. One innovation we are currently incubating is the ability to remotely monitor several measures of electricity. Early findings are promising for a variety of potential applications, including but not limited to remotely monitoring medical equipment used in Neonatal Intensive Care Units (NICU).

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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 $3,924,269
Program Service Revenue $2,182,184
Investment Income $354,378
Other Revenue $0
TOTAL REVENUE $6,460,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,852,595
Fundraising Expenses $282,790
Program Expenses $6,721,519
Other Expenses $4,716,268
TOTAL EXPENSES $9,568,863

Year-over-Year Comparison

2023 2022 Change
Revenue $6,460,831 $15,579,746 -0.6%
Expenses $9,568,863 $6,851,053 +0.4%
Net Income $-3,108,032 $8,728,693 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
7
Employees
25
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
2
$404,684
Total Directors
9
$404,684
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NITHYA RAMANATHAN CEO/Co-Founder 40.00
Officer Director
$215,257 $6,813 $222,070
Charles C Mills Head of Product 40.00
$179,385 $7,175 $186,560
MARTIN LUKAC CTO/Co-Founder 40.00
Officer Director
$167,952 $14,662 $182,614
LUCAS HOWELL Engineering Dir 40.00
$140,129 $17,400 $157,529
Terence D Honles Software Engineer 40.00
$145,626 $11,538 $157,164
Terry Chern Sr Backend Engr 40.00
$127,790 $18,247 $146,037
Colin Groark Software Engineer 40.00
$128,141 $16,331 $144,472
Anish Aswani Director 2.00
Director
$0 $0 $0
Yacine Diop Djibo Board Chair 2.00
Director
$0 $0 $0
Jim Fruchterman Director 2.00
Director
$0 $0 $0
THOMAS LEE Director 2.00
Director
$0 $0 $0
Radhika Malpani Board Chair 2.00
Director
$0 $0 $0
Rupesh Shah Director 2.00
Director
$0 $0 $0
Asher Waldfogel Director 2.00
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 $6,460,831 $9,568,863 $11,047,461 $-3,108,032
2022 $15,579,746 $6,851,053 $14,085,043 $8,728,693
2021 $4,851,559 $4,188,951 $5,600,064 $662,608
2020 $5,474,845 $4,587,775 $4,347,055 $887,070
2019 $4,594,878 $4,790,025 $3,272,053 $-195,147
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