IDEA FOUNDRY

EIN: 043587471 501(c)(3) Community Improvement

PITTSBURGH, PA

Total Revenue
$353,744
Total Expenses
$708,975
Total Assets
$1,699,934
Net Assets
$1,558,111
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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
PA
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.

Program Service Accomplishments

Program 1
Expenses: $510,824 Revenue: $245,500

TO FOSTER INNOVATION, NEW COMPANY CREATION AND JOB GROWTH IN THE WESTERN PENNSYLVANIA AREA. THE ORGANIZATION WAS ESTABLISHED TO TRANSFORM TECHNOLOGY-BASED IDEAS INTO FUNDABLE START-UP COMPANIES...

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TO FOSTER INNOVATION, NEW COMPANY CREATION AND JOB GROWTH IN THE WESTERN PENNSYLVANIA AREA. THE ORGANIZATION WAS ESTABLISHED TO TRANSFORM TECHNOLOGY-BASED IDEAS INTO FUNDABLE START-UP COMPANIES THROUGH BUSINESS DEVELOPMENT PROGRAMS

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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 (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

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Governance

Voting Members
5
Independent Members
4
Employees
5
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
2
$208,810
Total Directors
5
$208,810
Key Employees
0
$0
Highest Compensated
0
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
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