NETWORK FOR OPEN SCIENTIFIC INNOVA… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

JOSEPH P JACKSON III

Phone

8032397960

Tax Period

2024-01-01 to 2024-12-31

NETWORK FOR OPEN SCIENTIFIC INNOVATION, founded in 2006, is a small nonprofit in the Science & Technology sector that reported $719K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO ADVANCE AND EDUCATE THE PUBLIC ON BIOTECHNOLOGY AND OTHER CERTAIN MATTERS THROUGH SCIENTIFIC RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $386,969 Revenue: $718,658

STUDYING, DEVELOPING, AND PROMOTING THE OPEN SOURCE MODEL IN THE CONTEXT OF BIOTECHNOLOGY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $714,072

Investment Income $4,586

Other Revenue $0

TOTAL REVENUE $718,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,899

Fundraising Expenses $0

Program Expenses $386,969

Other Expenses $592,898

TOTAL EXPENSES $702,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,658	$813,319	-0.1%
Expenses	$702,797	$773,176	-0.1%
Net Income	$15,861	$40,143	-0.6%

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

$91,114

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P JACKSON III	CHIEF EXECUTIVE OFFICER	40.00	Officer	$91,114	$0	$91,114
MICHAEL YAMASHITA	CHIEF FINANCIAL OFFICER	0.00	Officer	$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
2025	No data	No data	No data	No data
2024	$718,658	$702,797	$139,225	$15,861
2023	$813,319	$773,176	$126,236	$40,143
2022	$630,170	$694,563	$86,346	$-64,393
2021	$465,915	$372,126	$149,985	$93,789
2020	$334,541	$354,743	$56,190	$-20,202
2019	$327,456	$333,616	$78,291	$-6,160
2018	$284,620	$259,420	$84,599	$25,200

NETWORK FOR OPEN SCIENTIFIC INNOVATION