SAN RAMON, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OPENID FOUNDATION, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $611K, a strong 27% operating margin.
FOUNDED IN 2017, THE OPENID FOUNDATION (OIDF) IS A NONPROFIT OPEN STANDARDS BODY DEVELOPING IDENTITY AND SECURITY SPECIFICATIONS THAT SERVE BILLIONS OF CONSUMERS ACROSS MILLIONS OF APPLICATIONS. THE OPENID FOUNDATION'S VISION IS TO HELP PEOPLE ASSERT THEIR IDENTITY WHEREVER THEY CHOOSE, AND OUR MISSION IS TO LEAD THE GLOBAL COMMMUNITY IN CREATING IDENTITY STANDARDS THAHT ARE SECURE, INTEROPERABLE, AND PRIVACY-PRESERVING.
OPERATIONAL UPDATES:OIDF CONTINUED ITS GLOBAL OUTREACH TO THE OPENID COMMUNITY VIA WORKSHOPS AND CONFERENCE PRESENTATIONS IN 2023, INCLUDING OIDF COMMUNITY WORKSHOPS IN MARCH AT MICROSOFT AND AT...
OPERATIONAL UPDATES:OIDF CONTINUED ITS GLOBAL OUTREACH TO THE OPENID COMMUNITY VIA WORKSHOPS AND CONFERENCE PRESENTATIONS IN 2023, INCLUDING OIDF COMMUNITY WORKSHOPS IN MARCH AT MICROSOFT AND AT CISCO IN OCTOBER. OIDF ALSO PRESENTED AT A WORKSHOP TO THE EUROPEAN IDENTITY & CLOUD CONFERENCE IN BERLIN, GERMANY IN MAY 2023. OIDF LEADERSHIP AND STAFF ALSO PRESENTED ON OPENID TOPICS AT MANY INDUSTRY CONFERENCES IN 2023.OIDF LAUNCHED TWO NEW WORKING GROUPS IN 2023. THE DIGITAL CREDENTIALS PROTOCOLS WORKING GROUP WENT LIVE IN AUGUST 2023, WHICH IS A NEW WORKING AS A DEDICATED HOME OF THE OPENID FOR VERIFIABLE CREDENTIALS SPECS FAMILY. THE AUTHORIZATION EXCHANGE (AUTHZEN) WORKING GROUP WENT LIVE IN OCTOBER 2023 AND WILL FOCUS ON INCREASING INTEROPERABILITY OF AUTHORIZATION SYSTEMS.IN OCTOBER 2023, OIDF ANNOUNCED A NEW WHITEPAPER PROCESS WHICH DEFINES A FORMAL FORMAL AND TRANSPARENT APPROACH TO WHITEPAPERS. IT DEFINES THE PROCESS FOR GOVERNANCE AS WELL AS THE EDITORIAL TASKS OF SCOPING, DRAFTING, PUBLISHING, AND UPDATING WHITEPAPERS.THE FOUNDATION UPDATED ITS BYLAWS IN DECEMBER 2023. THE EXECUTIVE COMMITTEE (EC) AND THE BOARD REVISITED THE TOPIC OF BALANCE OF BOARD MEMBERS AND AGREED TO PROCEED WITH UPDATING THE RATIOS OF COMMMUNITY AND CORPORATE REPRESENTATIVES ON THE BOARD RELATIVE TO THE NUMBER OF SUSTAINING MEMBERS (PAYING MEMBERS). THE EC AND THE BOARD NOTED THAT ADDING MORE REPRESENTATIVES BRINGS MORE VOICES AND EXPERTISE TO THE BOARD, BALANCING THE SUSTAINING MEMBERS.THE FOUNDATION CONTINUES TO GROW MEMBERSHIP GLOBALLY WITH A NUMBER OF NEW CORPORATE MEMBERS INCLUDING SOME NEW NONPROFITS AND GOVERNMENT MEMBERS.
A NUMBER OF OIDF SPECIFICATIONS WERE APPROVED IN 2023, AS WELL AS A FORMAL SECURITY ANALYSIS ON ONE OPENID SPECIFICATION: - SECOND IMPLEMENTER'S DRAFTS OF TWO FAPI 2.0 SPECIFICATIONS APPROVED...
A NUMBER OF OIDF SPECIFICATIONS WERE APPROVED IN 2023, AS WELL AS A FORMAL SECURITY ANALYSIS ON ONE OPENID SPECIFICATION: - SECOND IMPLEMENTER'S DRAFTS OF TWO FAPI 2.0 SPECIFICATIONS APPROVED (SECURITY PROFILE AND ATTACKER MODEL) - IMPLEMENTER'S DRAFT OF FAPI 2.0 MESSAGE SIGNING APPROVED- SECOND IMPLEMENTER'S DRAFT OF OPENID FOR VERIGIABLE PRESENTATIONS SPECIFICATION APPROVED- SECOND IMPLEMENTER'S DRAFT OF GRANT MANAGEMENT FOR OAUTH 2.0 APPROVED- SECOND ERRATA SET FOR OPENID CONNECT SPECIFICATIONS APPROVED- SECOND IMPLEMENTER'S DRAFT OF SHARED SIGNALS FRAMEWORK SPECIFICATION APPROVED - FORMAL SECURITY ANALYSIS OF FAPI 2.0 MESSAGE SIGNING, DCR, DCM, AND FAPI-CIBA COMPLETED
THE OIDF CERTIFICATION PROGRAM CONTINUED TO EVOLVE AND GROW IN 2023: - CONTINUED STRONG PARTNERSHIP WITH OPEN FINANCE BRAZIL THAT REQUIRES ALL BRAZILIAN BANKS TO BE OPENID FAPI CONFORMANT AND...
THE OIDF CERTIFICATION PROGRAM CONTINUED TO EVOLVE AND GROW IN 2023: - CONTINUED STRONG PARTNERSHIP WITH OPEN FINANCE BRAZIL THAT REQUIRES ALL BRAZILIAN BANKS TO BE OPENID FAPI CONFORMANT AND CERTIFIED.- PARTNERED WITH OPEN INSURANCE BRAZIL (OPIN) THAT MIRRORED OPEN FINANCE BRAZIL REQUIREMENTS IN MANDATING ALL BRAZILIAN INSURANCE COMPANIES TO BE OPENID FAPI CONFORMANT AND CERTIFIED.- PARTNERED WITH THE SAUDI ARABIA CENTRAL BANK ON THEIR OPEN BANKING INITIATIVE (SAMA). OIDF DELIVERED AN ECOSYSTEM OUTREACH WORKSHOP IN SAUDI ARABIA TO INTRODUCE THE ECOSYSTEM TO THE OPENID FAPI SPECIFICATION AND FAPI CERTIFICATION AS SAMA HAS ADOPTED FAPI AND MANDATES FAPI CERTIFICATION. PROCESSED PHASE 1 SAMA FAPI CERTIFICATIONS IN 2023.- ONGOING CONFORMANCE TESTS DEVELOPMENT CONTINUED THROUGH 2023. ROLLED OUT FAPI 2.0 CONFORMANCE TESTS AND CERTIFICATIONS IN MARCH 2023 WITH THE FIRST 2.0 CERTIFICATIONS PUBLISHED IN MAY 2023. THE FAPI-RW APP2APP CERTIFICATIONS WERE LAUNCHED IN JUNE 2023- CONTINUED GLOBAL OPEN BANKING/OPEN DATA OUTREACH IN 2023 HIGHLIGHTING THE VALUE OF CONFORMANCE TO OPENID STANDARDS VIA CERTIFICATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,231,294 | $1,824,452 | +0.2% |
| Expenses | $1,620,520 | $1,198,316 | +0.4% |
| Net Income | $610,774 | $626,136 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NAT SAKIMURA | CHAIRMAN & DIRECTOR (COMMUNITY REP) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIMA POSTNIKOV | VICE-CHAIR & DIRECTOR (CORPORATE REP) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARIE JORDAN | SECRETARY & DIRECTOR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY CAM-WINGET | TREASURER & DIRECTOR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAM DINGLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN BRADLEY | DIRECTOR (COMMUNITY REP) | 2.00 |
Director
|
$0 | $0 | $0 |
| FILIPP VERLEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE FLETCHER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WESLEY DUNNINGTON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KOSUKE KOIWAI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| OSAMU OSHIMA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BEN BOESER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| NAVEEN CM | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| VITTORIO BERTOCCI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| IAN GLAZER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GAIL HODGES | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,231,294 | $1,620,520 | $2,492,214 | $610,774 |
| 2022 | $1,824,452 | $1,198,316 | $1,881,440 | $626,136 |
| 2021 | $1,720,693 | $871,970 | $1,255,304 | $848,723 |
| 2020 | $655,909 | $1,103,975 | $431,689 | $-448,066 |
| 2019 | $744,262 | $1,131,559 | $879,755 | $-387,297 |
| 2018 | $582,599 | $507,204 | $1,313,067 | $75,395 |
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