BALTIMORE, MD
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)BLACKBIRD LABORATORIES INC, founded in 2023, is a community nonprofit in the Medical Research sector that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $8.2M exceeded revenue, resulting in a 92% operating deficit.
BLACKBIRD LABORATORIES IS AN INDEPENDENT NONPROFIT MEDICAL RESEARCH ORGANIZATION BASED IN BALTIMORE THAT IS FOCUSED ON CONDUCTING MEDICAL AND SCIENTIFIC RESEARCH IN CONJUNCTION WITH NONPROFIT HOSPITALS AND ACADEMIC INSTITUTIONS, SPECIFICALLY TO HELP MARYLAND'S UNIVERSITIES AND INVESTIGATORS AMPLIFY THE IMPACT OF THEIR ACADEMIC RESEARCH, BUILD INNOVATIVE COMPANIES, BRING TRANSFORMATIVE TECHNOLOGIES TO LIFE, AND CREATE A THRIVING ENTREPRENEURIAL ECOSYSTEM IN MARYLAND.
BLACKBIRD LABORATORIES IS AN INDEPENDENT NONPROFIT MEDICAL RESEARCH ORGANIZATION BASED IN BALTIMORE, MARYLAND, WHICH CONDUCTS LIFE SCIENCES RESEARCH IN THE PURSUIT OF NEW TREATMENTS FOR DISEASES IN...
BLACKBIRD LABORATORIES IS AN INDEPENDENT NONPROFIT MEDICAL RESEARCH ORGANIZATION BASED IN BALTIMORE, MARYLAND, WHICH CONDUCTS LIFE SCIENCES RESEARCH IN THE PURSUIT OF NEW TREATMENTS FOR DISEASES IN COLLABORATION WITH NONPROFIT HOSPITALS, ACADEMIC INSTITUTIONS, AND OTHER MEDICAL RESEARCH ORGANIZATIONS. SPECIFICALLY, WE AIM TO HELP MARYLAND'S UNIVERSITIES AND INVESTIGATORS AMPLIFY THE IMPACT OF THEIR ACADEMIC RESEARCH BY BRINGING TRANSFORMATIVE TECHNOLOGIES TO LIFE AND SUPPORTING START-UP FORMATION AND DEVELOPMENT. OUR GOAL IS TO BRIDGE THE GAP BETWEEN PIONEERING SCIENTIFIC RESEARCH AND INDUSTRY BY PROVIDING PROGRAM MANAGEMENT, STRATEGIC SCIENTIFIC AND BUSINESS COLLABORATION, AND FINANCIAL SUPPORT. OUR TEAM OF LIFE SCIENCES PROFESSIONALS FACILITATES THE DEVELOPMENT OF INNOVATIVE BIOTECHNOLOGY COMPANIES BY ADVANCING PROMISING TRANSLATIONAL TECHNOLOGY INTO NEW MEDICINES AND MEDICAL TREATMENTS FOR PATIENTS, ATTRACTING INVESTMENT, AND NURTURING BALTIMORE'S POTENTIAL TO BE A LIFE SCIENCES LEADER ON THE NATIONAL STAGE.IN FISCAL YEAR 2024, THE BLACKBIRD LABORATORIES TEAM EVALUATED OVER 200 POTENTIAL PROJECTS AND ESTABLISHED 4 NEW RESEARCH PROGRAMS FOR A TOTAL OF 9 COLLABORATIVE PROJECTS WITH NONPROFIT HOSPITAL AND ACADEMIC INSTITUTIONS (JOHNS HOPKINS UNIVERSITY AND THE UNIVERSITY OF MARYLAND) AND OTHER MEDICAL RESEARCH ORGANIZATIONS (THE LIEBER INSTITUTE FOR BRAIN DEVELOPMENT). THE ULTIMATE GOAL OF THESE COLLABORATIONS IS TO DEVELOP PIONEERING THERAPEUTICS RESEARCH INTO SUCCESSFUL SPINOUT COMPANIES WORKING TO ADDRESS GAPS IN AVAILABLE TREATMENT OPTIONS FOR PATIENTS. MANY BREAKTHROUGH MEDICINES AND TECHNOLOGIES THAT SERVE THE PUBLIC INTEREST FAIL TO PROGRESS TO MARKET BECAUSE OF A LACK OF FUNDING OR A LACK OF TECHNICAL EXPERTISE TO MANAGE THE STARTUPS LAUNCHED TO SHEPHERD THESE PRODUCTS TO MARKET. TO OVERCOME THESE BARRIERS, BLACKBIRD LABORATORIES ADVISES THESE STARTUP COMPANIES AND CONNECTS THEM WITH VENTURE CAPITAL FIRMS, ULTIMATELY ENSURING THAT MEDICAL INNOVATIONS REACH PATIENTS AS QUICKLY AND EFFECTIVELY AS POSSIBLE. ANOTHER KEY TENET OF BLACKBIRD LABORATORIES' MISSION TO CATALYZE AND MAINTAIN A THRIVING ENTREPRENEURIAL ECOSYSTEM IN BALTIMORE IS THE RETENTION AND ADVANCEMENT OF LOCAL LIFE SCIENCES TALENT. TWO FIFTH-YEAR PHD STUDENTS AND ONE RECENT PHD GRADUATE COMPRISED BLACKBIRD LABORATORIES SECOND VENTURE FELLOWS CLASS - A PAID FELLOWSHIP PROGRAM LAUNCHED IN 2023 TO ENABLE DIRECT EXPOSURE TO ENTREPRENEURSHIP IN THE LIFE SCIENCES INDUSTRY. FURTHER, BLACKBIRD LABORATORIES CONTINUES FOSTERING MENTORSHIP AND TRAINING OPPORTUNITIES BY ORGANIZING AND HOSTING VARIOUS SCIENTIFIC TALKS, PRESENTATIONS, AND OTHER PROGRAMS THAT ARE OPEN TO LOCAL SCIENTISTS AND STUDENTS, AS WELL AS AMPLIFYING THE ECOSYSTEM DEVELOPMENT WORK ALREADY BEING CONDUCTED LOCALLY THROUGH SPONSORSHIP AND COLLABORATION.IN ADDITION TO NURTURING LOCAL TALENT, BLACKBIRD LABORATORIES IS CURRENTLY ESTABLISHING 42,000 SQ FT OF ADDITIONAL WET LAB CAPACITY (BLACKBIRD BIOHUB) WITHIN BALTIMORE CITY. BLACKBIRD BIOHUB WILL NOT ONLY SUPPORT BLACKBIRD LABORATORIES' OWN MEDICAL AND SCIENTIFIC RESEARCH BUT ALSO FOSTER THE SUCCESS OF FLEDGLING BIOTECHNOLOGY COMPANIES BY FACILITATING THEIR RETENTION, IN TURN HELPING TO CREATE A THRIVING ENTREPRENEURIAL ECOSYSTEM FOR LIFE SCIENCES COMPANIES IN BALTIMORE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,297,621 | $88,179,453 | -1.0% |
| Expenses | $8,249,636 | $5,274,634 | +0.6% |
| Net Income | $-3,952,015 | $82,904,819 | -1.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATT TREMBLAY | CEO & BOARD MEMBER, TREASURER | 32.00 |
Officer
Director
|
$656,996 | $50,884 | $707,880 |
| RYLAND SUMNER | BOARD CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK EDWARDS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMILY WILKINSON | DIR, FIN & OPS, CORP SEC/TREAS | 40.00 |
Officer
|
$165,810 | $31,314 | $197,124 |
| ALEKSANDRA BARANCZAK | CHIEF PROGRAM OFFICER | 38.00 |
Key Emp
|
$422,666 | $25,489 | $448,155 |
| EDWARD CHEROK | CHIEF BUSINESS OFFICER | 36.00 |
Key Emp
|
$411,267 | $17,443 | $428,710 |
| ANTHONY ACCORSI | VENTURE PARTNER | 40.00 |
Highest
|
$467,278 | $23,284 | $490,562 |
| MATTHEW LAWLER | ENTREPRENEUR-IN-RESIDENCE | 40.00 |
Highest
|
$230,152 | $11,575 | $241,727 |
| YIXUAN QIU | ASSOCIATE DIRECTOR, RESEARCH PROGRAMS | 40.00 |
Highest
|
$153,932 | $15,303 | $169,235 |
| VIRGINA BURGER | ENTREPRENEUR-IN-RESIDENCE | 40.00 |
Highest
|
$235,649 | $11,827 | $247,476 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,297,621 | $8,249,636 | $85,463,986 | $-3,952,015 |
| 2023 | $88,179,453 | $5,274,634 | $83,366,299 | $82,904,819 |
Compare BLACKBIRD LABORATORIES INC with other nonprofits in Maryland and across the country.