ACTUATE INNOVATION INC (EIN 352668523) - 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

2019

Legal Domicile

Principal Officer

Lara Pierpoint

Phone

6506659389

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

Actuate will conduct a portfolio of research programs that can open powerful new options to meet essential societal needs.

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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 $0

Program Service Revenue $20,275

Investment Income $0

Other Revenue $5

TOTAL REVENUE $20,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,709

Fundraising Expenses $27,524

Program Expenses $5,076,540

Other Expenses $4,950,203

TOTAL EXPENSES $5,210,912

Year-over-Year Comparison

	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%

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

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

$214,920

Total Directors

$214,920

Key Employees

Highest Compensated

reported

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

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
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

ACTUATE INNOVATION INC