IDEA FOUNDRY (EIN 043587471) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

MICHAEL M MATESIC

Phone

4126138126

Tax Period

2023-01-01 to 2023-12-31

IDEA FOUNDRY, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $354K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $709K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO FOSTER INNOVATION, NEW COMPANY CREATION AND JOB GROWTH IN THE WESTERN PENNSYLVANIA AREA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,297

Program Service Revenue $245,500

Investment Income $39,947

Other Revenue $0

TOTAL REVENUE $353,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,307

Fundraising Expenses $24,134

Program Expenses $510,824

Other Expenses $179,668

TOTAL EXPENSES $708,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,744	$250,130	+0.4%
Expenses	$708,975	$594,583	+0.2%
Net Income	$-355,231	$-344,453	+0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$208,810

Total Directors

$208,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD K RIEDERER	CHAIRMAN OF THE BOARD	10.00	Director	$0	$0	$0
JAMES C STALDER	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK B STEWART	DIRECTOR & SECRETARY	0.00	Officer Director	$0	$0	$0
MICHAEL M MATESIC	DIRECTOR & CEO	50.00	Officer Director	$190,000	$18,810	$208,810
RICHARD DANFORTH	DIRECTOR	0.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$353,744	$708,975	$1,699,934	$-355,231
2022	$250,130	$594,583	$2,143,504	$-344,453
2021	$590,995	$975,668	$2,522,384	$-384,673
2020	$1,582,577	$1,645,995	$3,064,399	$-63,418
2019	$910,662	$1,531,113	$2,995,690	$-620,451
2018	$1,766,236	$1,217,078	$3,642,948	$549,158

IDEA FOUNDRY