AKVO FOUNDATION USA (EIN 273076296) - 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

2010

Legal Domicile

Principal Officer

Mark Nitzberg

Tax Period

2023-01-01 to 2023-12-31

AKVO FOUNDATION USA, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $638K in total revenue in fiscal year 2023. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $487K, a strong 76% operating margin.

Mission

WORKING IN CLOSE COLLABORATION WITH PARTNERS WHILE UTILIZING OUR OPEN-SOURCE INTERNET AND MOBILE SOFTWARE OUR MISSION IS TO ASSIST THEM TO BE MORE TRANSPARENT ACCOUNTABLE EFFICIENT AND EFFECTIVE TO HELP THEM ACHIEVE THEIR GOALS. OUR PARTNERS WORK PRIMARILY IN THE INTERNATIONAL DEVELOPMENT SECTOR AND THEY ALL HAVE A COMMON FACTOR: TO HELP PEOPLE LIFT THEMSELVES OUT OF POVERTY AND TO LEAD HEALTHY AND PRODUCTIVE LIVES FOR EXAMPLE BY PROVIDING SAFE SANITATION AND WATER TO THOSE LACKING THESE NECESSITIES. OUR PHILOSOPHY IS OPEN; OPEN SOURCE SOFTWARE OPEN CONTENT OPEN DATA. GOING THE "OPEN" ROUTE PROVIDES SUBSTANTIAL BENEFITS FOR ORGANIZATIONS IN THE INTERNATIONAL DEVELOPMENT SECTOR AND MORE IMPORTANTLY GIVES BENEFITS TO THOSE THAT NEED IT THE MOST.

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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 $637,528

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $637,539

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,000

Other Expenses $90

TOTAL EXPENSES $150,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$637,539	$235,994	+1.7%
Expenses	$150,090	$235,316	-0.4%
Net Income	$487,449	$678	+718.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Becky Straw	Secretary	1.00	Director	$0	$0	$0
Rob de Vos	Treasurer	1.00	Director	$0	$0	$0
Mark Nitzberg	Chairman	1.00	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	No data	No data	No data	No data
2023	$637,539	$150,090	$887,620	$487,449
2022	$235,994	$235,316	$250,169	$678
2018	$446,504	$378,540	$102,279	$67,964

AKVO FOUNDATION USA