Connects entrepreneurs with expertise, resources, and community to boost startup success.
For fiscal year 2024 it reported $1.2M in revenue, $1.4M in expenses, and $294K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$183K
Where spending went · Part IX cols B–D
59%
29%
13%
Program services $0.59 Management & general $0.29 Fundraising $0.13
Program efficiency
59%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▼ -71% vs prior filing year
Surplus margin
-15%
revenue over expenses, this year▼ -170% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▼ -3%
$1.2M$618K$0
FY2020FY2024
Expenses
$1.4M
FY2024▲ +6%
$1.4M$693K$0
FY2020FY2024
Total assets
$528K
FY2024▼ -20%
$829K$414K$0
FY2020FY2024
Total liabilities
$234K
FY2024▲ +33%
$234K$117K$0
FY2020FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$183K
Total assetsPt X · Ln 16$528K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III
Where the work happens
3 program services account for $817K of program spending, described in the organization's own filed words · FY2024.
01
Sustainable Mobility Accelerator
Our 12-WEEK accelerator program guarantees dedicated growth-focused support. We aim to invest in six companies per program. The cohort can test and scale their MVP through access to the world's only urban testbed for connected autonomous vehicles and the opportunity to work with the world's first commercially available quantum network.
$485Kprogram expense
02
Co.moblity Summit
CO.LAB hosted its second annual CO.MOBILITY summit to convene industry leaders, researchers, policymakers, and investors with a laser-sharp focus on sustainable mobility to support startup founders and innovators that are working on solutions to the problems that chattanooga's mobility industry is working hard to solve.
$330Kprogram expense
03
Community Events
Coffee with CO.LAB: coffee with CO.LAB serves local entrepreneurs by providing a consistent networking opportunity with other like-minded and local individuals. It allows small business owners to know they are not alone, share their upcoming business EVENTS/NEWS, as well as an opportunity to hear more about CO.LAB'S upcoming events and…
Tasia Malakasis’s $212K as Chief Executive Officer
is at the 87th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Tasia Malakasis · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $212K · Total expenses $1.4M
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $723K · Total expenses $1.4M
52%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
59%
—
—
Overhead ratio
29%
—
—
Fundraising cost ratio
16%
—
—
Revenue growth
-3%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
2%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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