COVINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COVINGTON LIFE SCIENCE PARTNERS INC, founded in 2024, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $911K, a strong 82% operating margin.
COVINGTON LIFE SCIENCES PARTNERS, INC. ("CLSP") IS AN INDEPENDENT NONPROFIT LAB INCUBATOR BASED IN COVINGTON, KENTUCKY, DEDICATED TO EMPOWERING ENTREPRENEURS AND SCIENTISTS TO BRING LIFESAVING INNOVATIONS TO MARKET WHILE DRIVING ECONOMIC GROWTH AND JOB CREATION IN THE REGION. CLSP WILL OFFER A CUTTING-EDGE WET LAB FACILITY WITH FULLY EQUIPPED, AFFORDABLE LAB SPACE, COLLABORATIVE WORK ENVIRONMENTS, AND A WIDE VARIETY OF DEVELOPMENT AND TRAINING PROGRAMS. BY FOSTERING MENTORSHIP, COLLABORATION, AND ACCESS TO STATE-OF-THE-ART RESOURCES, CLSP AIMS TO ACCELERATE GROUNDBREAKING RESEARCH IN THE LIFE SCIENCES SECTOR. THE PLATFORM PROVIDES LIFE SCIENCES, MEDTECH, AND RELATED INDUSTRIES WITH ACCESS TO UNIQUE RESEARCH CAPABILITIES AND A COMPREHENSIVE NETWORK OF TECHNICAL, BUSINESS, AND TALENT RESOURCES. THROUGH COMMUNITY-DRIVEN EDUCATIONAL INITIATIVES, CLSP IS COMMITTED TO MAKING LIFE SCIENCES AND STEM OPPORTUNITIES ACCESSIBLE TO ALL, OFFERING HANDS-ON EDUCATION AND CREATING CLEAR PATHWAYS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,107,434 | $14,117,666 | -0.9% |
| Expenses | $196,931 | $34 | +5791.1% |
| Net Income | $910,503 | $14,117,632 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHUCK SCHEPER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GARREN COLVIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SAVANNAH DOLIBOA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM SCHROEDER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY REMINGTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| VALERIE HARDCASTLE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE CRUME | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DUANE CLARK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK HUGHES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,107,434 | $196,931 | $15,069,505 | $910,503 |
| 2023 | $14,117,666 | $34 | $14,117,632 | $14,117,632 |
Compare COVINGTON LIFE SCIENCE PARTNERS INC with other nonprofits in Kentucky and across the country.