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.
LOW-COST WET LAB FACILITIES:CLSP WILL OFFER AFFORDABLE LABORATORY FACILITIES EQUIPPED WITH STATE-OF-THE-ART EQUIPMENT TO MEET INDUSTRY STANDARDS. THE LAB SPACES ARE DESIGNED TO SUPPORT A WIDE RANGE...
LOW-COST WET LAB FACILITIES:CLSP WILL OFFER AFFORDABLE LABORATORY FACILITIES EQUIPPED WITH STATE-OF-THE-ART EQUIPMENT TO MEET INDUSTRY STANDARDS. THE LAB SPACES ARE DESIGNED TO SUPPORT A WIDE RANGE OF EXPERIMENTAL NEEDS, FEATURING LAB BENCHES, PRIVATE LAB SUITES, FUME HOODS, LIQUID NITROGEN FREEZERS, -20C AND -80C FREEZERS, REFRIGERATORS, AN AUTOCLAVE, AND BIOSAFETY CABINETS. CLSP ALSO PROVIDES ESSENTIAL SUPPORT SERVICES, INCLUDING WASTE REMOVAL, EQUIPMENT MAINTENANCE, TECHNICAL ASSISTANCE, AND SAFETY AND COMPLIANCE PROGRAMS.
EDUCATION AND DEVELOPMENT PROGRAMS: CLSP'S EDUCATION AND DEVELOPMENT INITIATIVES ARE CRAFTED TO SUPPORT AND INSPIRE A DIVERSE RANGE OF PARTICIPANTS, FROM HIGH SCHOOL STUDENTS TO EARLY-STAGE...
EDUCATION AND DEVELOPMENT PROGRAMS: CLSP'S EDUCATION AND DEVELOPMENT INITIATIVES ARE CRAFTED TO SUPPORT AND INSPIRE A DIVERSE RANGE OF PARTICIPANTS, FROM HIGH SCHOOL STUDENTS TO EARLY-STAGE SCIENTISTS, FOSTERING GROWTH AND INNOVATION IN THE LIFE SCIENCES FIELD ACROSS THE COMMONWEALTH OF KENTUCKY. BY COMBINING HANDS-ON TRAINING WITH TARGETED OUTREACH, CLSP AIMS TO NURTURE FUTURE SCIENTISTS AND ADVANCE THE LIFE SCIENCES SECTOR THROUGH COMPREHENSIVE, PRACTICAL EDUCATION AND COLLABORATIVE OPPORTUNITIES.
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.