EVONEXUS

EIN: 330827743 Community Improvement

SAN DIEGO, CA

Total Revenue
$901,604
Total Expenses
$1,436,348
Total Assets
$652,118
Net Assets
$642,346
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
EDWARD R MOORE
Phone
8583542975
Tax Period
2023-01-01 to 2023-12-31

EVONEXUS, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $902K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 59% operating deficit.

Mission

EVONEXUS DELIVERS VALUE TO THE TECHNOLOGY ECOSYSTEM THROUGH OUR NON-PROFIT INCUBATOR FOR HIGH-TECH EARLY STAGE COMPANIES BY PROVIDING ACCESS TO CAPITAL, LONG-TERM INCUBATION AND MENTORSHIP, GRADUATING INDEPENDENT COMPANIES AND CREATING JOBS FOR THE REGION.

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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 $0
Program Service Revenue $860,867
Investment Income $587
Other Revenue $40,150
TOTAL REVENUE $901,604

Expense Breakdown

Grants Paid $0
Salaries & Benefits $620,092
Fundraising Expenses $0
Program Expenses $1,436,348
Other Expenses $816,256
TOTAL EXPENSES $1,436,348

Year-over-Year Comparison

2023 2022 Change
Revenue $901,604 $1,946,708 -0.5%
Expenses $1,436,348 $1,953,605 -0.3%
Net Income $-534,744 $-6,897 +76.5%
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
33
Independent Members
30
Employees
5
Volunteers
70

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
6
$418,671
Total Directors
30
$418,671
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK BALDRIDGE CHAIRMAN 0.00
Officer Director
$0 $0 $0
KATHY OUELLETTE VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
TIM HOLL TREASURER 0.00
Officer Director
$0 $0 $0
STEVE ROWLES SECRETARY 0.00
Officer Director
$0 $0 $0
VICE ADMIRAL WALT DAVIS DIRECTOR 0.00
Director
$0 $0 $0
JORDAN BECKER DIRECTOR 0.00
Director
$0 $0 $0
LINDA DUNCOMBE DIRECTOR 0.00
Director
$0 $0 $0
KENNETH ROLLINS DIRECTOR 0.00
Director
$0 $0 $0
ZIAD ASGHAR DIRECTOR 0.00
Director
$0 $0 $0
JOHN MAJOR DIRECTOR 0.00
Director
$0 $0 $0
HENRY CHANG DIRECTOR 0.00
Director
$0 $0 $0
RAJESH PANKAJ DIRECTOR 0.00
Director
$0 $0 $0
JOE BOERIO DIRECTOR 0.00
Director
$0 $0 $0
DAVID MARINO DIRECTOR 0.00
Director
$0 $0 $0
IVO BOLSENS DIRECTOR 0.00
Director
$0 $0 $0
RICHARD KURTZ DIRECTOR 0.00
Director
$0 $0 $0
DONG-SU KIM DIRECTOR 0.00
Director
$0 $0 $0
MEHUL UDANI DIRECTOR 0.00
Director
$0 $0 $0
ALEX BALAZS DIRECTOR 0.00
Director
$0 $0 $0
BILL EIGNER DIRECTOR 0.00
Director
$0 $0 $0
RICK LEMOINE DIRECTOR 0.00
Director
$0 $0 $0
QUINN LI DIRECTOR 0.00
Director
$0 $0 $0
EDDY ORTIZ DIRECTOR 0.00
Director
$0 $0 $0
ZACHARY MYERS DIRECTOR 0.00
Director
$0 $0 $0
DEREK ABERLE DIRECTOR 0.00
Director
$0 $0 $0
EDWARD R MOORE CEO 40.00
Officer Director
$400,671 $0 $400,671
WALTER DAVIS VP 40.00
Officer Director
$18,000 $0 $18,000
ANDREW BOLWELL DIRECTOR 0.00
Director
$0 $0 $0
ERIC REED DIRECTOR 0.00
Director
$0 $0 $0
RODD NOVAK 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 $901,604 $1,436,348 $652,118 $-534,744
2022 $1,946,708 $1,953,605 $1,183,177 $-6,897
2021 $2,552,654 $2,123,797 $1,188,788 $428,857
2020 $2,447,434 $2,111,913 $760,926 $335,521
2019 $2,348,779 $2,336,434 $467,293 $12,345
2018 $1,617,403 $1,457,347 $416,338 $160,056
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