BLACKBIRD LABORATORIES INC

EIN: 921555633 501(c)(3) Medical Research

BALTIMORE, MD

Total Revenue
$4,297,621
Total Expenses
$8,249,636
Total Assets
$85,463,986
Net Assets
$78,952,804
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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
2023
Legal Domicile
DE
Principal Officer
MATT TREMBLAY
Phone
2029425355
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,203,859
Program Service Revenue $22,571
Investment Income $71,191
Other Revenue $0
TOTAL REVENUE $4,297,621

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,578,205
Fundraising Expenses $0
Program Expenses $7,199,305
Other Expenses $4,671,431
TOTAL EXPENSES $8,249,636

Year-over-Year Comparison

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%
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

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Governance

Voting Members
3
Independent Members
2
Employees
15
Volunteers
2

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
$905,004
Total Directors
3
$707,880
Key Employees
2
$876,865
Highest Compensated
4
reported
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
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 $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
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