Palo Alto, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ACTUATE INNOVATION INC, founded in 2019, is a micro nonprofit that reported $20K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 25595% operating deficit.
Actuate will conduct a portfolio of research programs that can open powerful new options to meet essential societal needs.
On December 21, 2022, Actuate Innovation, Inc. (Actuate) decided to discontinue most of its historical operating activities relating to their Actuate Climate program pursuant to a project transfer...
On December 21, 2022, Actuate Innovation, Inc. (Actuate) decided to discontinue most of its historical operating activities relating to their Actuate Climate program pursuant to a project transfer agreement entered into with Prime Coalition, Inc. Actuate entered into an agreement to transfer all assets and employees related to this program and research to another organization. The transfer of assets will have an impact on Actuate and the continued operations for consulting and DataSafes programs. The disposal date of the program was March 31, 2023.
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 | $20,280 | $2,422,978 | -1.0% |
| Expenses | $5,210,912 | $1,669,242 | +2.1% |
| Net Income | $-5,190,632 | $753,736 | -7.9% |
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 |
|---|---|---|---|---|---|---|
| Wade Shen | Co-CEO | 40.00 |
Officer
Director
|
$105,377 | $6,323 | $111,700 |
| Lara Pierpoint | Co-CEO | 40.00 |
Officer
Director
|
$98,488 | $4,732 | $103,220 |
| Fred Kittler | Chairman | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Margaret Levi | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Arati Prabhakar | CEO | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $20,280 | $5,210,912 | $567,674 | $-5,190,632 |
| 2022 | $2,422,978 | $1,669,242 | $4,358,822 | $753,736 |
| 2021 | $2,542,500 | $901,962 | $3,551,752 | $1,640,538 |
| 2020 | $2,064,785 | $612,674 | $1,915,233 | $1,452,111 |
| 2019 | $511,530 | $111,339 | $419,875 | $400,191 |
Compare ACTUATE INNOVATION INC with other nonprofits in California and across the country.