ORANGE COUNTY TECHNOLOGY ACTION NETWORK

EIN: 043723991 Community Improvement

NEWPORT BEACH, CA

Total Revenue
$3,741,650
Total Expenses
$3,233,856
Total Assets
$5,674,727
Net Assets
$2,591,511
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
WILLIAM CARPOU
Phone
9494593366
Tax Period
2023-01-01 to 2023-12-31

ORANGE COUNTY TECHNOLOGY ACTION NETWORK, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 14% surplus.

Mission

OCTANE CONNECTS PEOPLE AND IDEAS WITH CAPITAL AND RESOURCES TO FUEL TECHNOLOGY GROWTH IN ORANGE COUNTY. OUR MEMBERS REPRESENT ORANGE COUNTY TECHNOLOGY EXECUTIVE LEADERS, ENTREPRENEURS, INVESTORS, VENTURE CAPITALISTS, ACADEMICIANS, AND STRATEGIC ADVISORS, ALL WORKING TOGETHER TO:* STIMULATE TECHNOLOGY JOB GROWTH AND WEALTH CREATION IN ORANGE COUNTY* HELP ENTREPRENEURS TURN IDEAS INTO SUCCESSFUL BUSINESSES* HELP COMPANIES CONNECT WITH FUNDING AND GROWTH RESOURCES* HELP SENIOR EXECUTIVES ACCESS INTELLIGENCE, NEW TECHNOLOGIES, AND TALENT* HELP DEVELOP THE NEXT-GENERATION OF TECHNOLOGY BUSINESS LEADERS* CREATE A FORUM FOR TECHNOLOGY COMPANY LEADERS TO HAVE A LASTING IMPACT ON THE FUTURE OF ORANGE COUNTY.

Program Service Accomplishments

Program 1

OCTANE MEDICAL INNOVATION FORUM (OMIF): IS THE LEADING MEDTECH INDUSTRY CONFERENCE IN THE WEST. IT'S WHERE INDUSTRY LEADERS, ENTREPRENEURS, AND INVESTORS COME TOGETHER IN THE NATION'S MOST DYNAMIC...

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OCTANE MEDICAL INNOVATION FORUM (OMIF): IS THE LEADING MEDTECH INDUSTRY CONFERENCE IN THE WEST. IT'S WHERE INDUSTRY LEADERS, ENTREPRENEURS, AND INVESTORS COME TOGETHER IN THE NATION'S MOST DYNAMIC MEDICAL DEVICE ENVIRONMENT TO SEE THE LATEST TECHNOLOGIES AND INVESTMENT TRENDS.

Program 2

TECH INNOVATION FORUM (TIF): SHOWCASES THE BEST OF SOUTHERN CALIFORNIA INNOVATION. FROM INVESTMENT PRESENTATIONS TO KEYNOTESPEAKERS TO INDUSTRY DISCUSSIONS, THIS IS SOCAL'S PREMIER...

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TECH INNOVATION FORUM (TIF): SHOWCASES THE BEST OF SOUTHERN CALIFORNIA INNOVATION. FROM INVESTMENT PRESENTATIONS TO KEYNOTESPEAKERS TO INDUSTRY DISCUSSIONS, THIS IS SOCAL'S PREMIER INVESTMENTCONFERENCE.

Program 3

OPHTHALMOLOGY TECH FORUM (OTF): THIS EVENT CREATES A LOCAL FORUM WHERE LEADING OPHTHALMOLOGY, TECHNOLOGISTS, RESEARCHERS, CLINICIANS, AND ENTREPRENEURS CAN COME TOGETHER TO DISCUSS CURRENT INDUSTRY...

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OPHTHALMOLOGY TECH FORUM (OTF): THIS EVENT CREATES A LOCAL FORUM WHERE LEADING OPHTHALMOLOGY, TECHNOLOGISTS, RESEARCHERS, CLINICIANS, AND ENTREPRENEURS CAN COME TOGETHER TO DISCUSS CURRENT INDUSTRY TRENDS, UNMET CLINICAL NEEDS, AND NEW BUSINESS OPPORTUNITIES ALL TO FUEL THE OPHTHALMOLOGY ECOSYSTEM IN ORANGE COUNTY, CALIFORNIA.

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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 $17,500
Program Service Revenue $3,366,128
Investment Income $189,146
Other Revenue $168,876
TOTAL REVENUE $3,741,650

Expense Breakdown

Grants Paid $122,455
Salaries & Benefits $1,550,901
Fundraising Expenses $0
Other Expenses $1,560,500
TOTAL EXPENSES $3,233,856

Year-over-Year Comparison

2023 2022 Change
Revenue $3,741,650 $2,767,794 +0.4%
Expenses $3,233,856 $2,930,020 +0.1%
Net Income $507,794 $-162,226 -4.1%
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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Governance

Voting Members
46
Independent Members
44
Employees
29
Volunteers
67

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
$743,788
Total Directors
48
$743,788
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM CARPOU CEO/PRESIDENT 35.50
Officer Director
$389,861 $21,856 $411,717
JANELLE BRUNETTE CHIEF OPERATING OFFICER 33.50
Officer Director
$321,441 $10,630 $332,071
AIDAN RANEY BOARD MEMBER 0.50
Director
$0 $0 $0
AKIN CEYLAN BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW LYON BOARD MEMBER UNTIL 05/23 0.50
Director
$0 $0 $0
ANDREW STEWART BOARD MEMBER 0.50
Director
$0 $0 $0
ANTHONY CHANG BOARD MEMBER 0.50
Director
$0 $0 $0
ASHLIE WOODS BOARD MEMBER 0.50
Director
$0 $0 $0
AZIZ MOTTIWALA BOARD MEMBER 0.50
Director
$0 $0 $0
BOB JACOBSON BOARD MEMBER 0.50
Director
$0 $0 $0
BRETT WALL BOARD MEMBER 0.50
Director
$0 $0 $0
BRUCE FEUCHTER BOARD MEMBER 0.50
Director
$0 $0 $0
BRUCE HALLETT BOARD MEMBER 0.50
Director
$0 $0 $0
CAITLIN BLANCHE BOARD MEMBER 0.50
Director
$0 $0 $0
CARRIE STROM BOARD MEMBER 0.50
Director
$0 $0 $0
CELINE MARTIN BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLIE BLACK BOARD MEMBER 0.50
Director
$0 $0 $0
CLAY WILEMON BOARD MEMBER 0.50
Director
$0 $0 $0
DAVEEN CHOPRA BOARD MEMBER 0.50
Director
$0 $0 $0
DEAN STOECKER BOARD MEMBER 0.50
Director
$0 $0 $0
ED KIM BOARD MEMBER 0.50
Director
$0 $0 $0
EHSAN SADRI BOARD MEMBER 0.50
Director
$0 $0 $0
EMILE HADDAD BOARD MEMBER 0.50
Director
$0 $0 $0
FAUAD HASAN BOARD MEMBER 0.50
Director
$0 $0 $0
HAZEM CHEHABI BOARD MEMBER 0.50
Director
$0 $0 $0
HENRIK CRONQVIST BOARD MEMBER 0.50
Director
$0 $0 $0
JAG DOSANJH BOARD MEMBER 0.50
Director
$0 $0 $0
JANET CLARDY BOARD MEMBER 0.50
Director
$0 $0 $0
JEFFRY WEINHUFF BOARD MEMBER 0.50
Director
$0 $0 $0
JENNIFER LEUER BOARD MEMBER 0.50
Director
$0 $0 $0
JIM MAZZO BOARD MEMBER 0.50
Director
$0 $0 $0
KAMAKSHI ZEIDLER BOARD MEMBER 0.50
Director
$0 $0 $0
LAURENT ATTIAS BOARD MEMBER 0.50
Director
$0 $0 $0
LYNN JOCHIM BOARD MEMBER 0.50
Director
$0 $0 $0
MARC SCHNEIDER BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE HEDGE BOARD MEMBER 0.50
Director
$0 $0 $0
PETE DEUTSCHMAN BOARD MEMBER 0.50
Director
$0 $0 $0
RAMIN VALIAN BOARD MEMBER 0.50
Director
$0 $0 $0
RANDY FISHER BOARD MEMBER 0.50
Director
$0 $0 $0
REYNOLDS BISH BOARD MEMBER UNTIL 12/23 0.50
Director
$0 $0 $0
REZA JAHANGIRI BOARD MEMBER 0.50
Director
$0 $0 $0
ROB GOODMAN BOARD MEMBER 0.50
Director
$0 $0 $0
SABING LEE BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT JOSLYN BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT WHITCUP BOARD MEMBER 0.50
Director
$0 $0 $0
TATJANA MITCHELL BOARD MEMBER 0.50
Director
$0 $0 $0
TED WILM BOARD MEMBER 0.50
Director
$0 $0 $0
THOMAS MITRO BOARD MEMBER 0.50
Director
$0 $0 $0
CARA PARCHMENT SENIOR EVENT MANAGER 39.50
Highest
$122,358 $8,246 $130,604
NATALIE MATSUMOTO DIRECTOR OF MARKETING 39.50
Highest
$174,036 $9,330 $183,366
TERESA MADDEN WEIDHAAS DIR. OF PARTNER RELATIONS 39.50
Highest
$139,613 $8,595 $148,208
RITA CRISTINA BATTOCCHIO HEAD OF EVENTS 39.50
Highest
$145,963 $8,624 $154,587
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 $3,741,650 $3,233,856 $5,674,727 $507,794
2022 $2,767,794 $2,930,020 $4,412,477 $-162,226
2021 $2,881,161 $2,447,132 $4,643,275 $434,029
2020 $2,980,157 $1,987,211 $4,236,221 $992,946
2019 $3,008,894 $2,625,732 $2,643,272 $383,162
2018 $2,573,813 $2,528,034 $2,178,370 $45,779
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