FOUNDATN FOR INFORMATION ACCNTBILI… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

SCOTT TAYLOR

Tax Period

2023-01-01 to 2023-12-31

FOUNDATN FOR INFORMATION ACCNTBILITY AND GOVRNANCE, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $702K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $909K exceeded revenue, resulting in a 29% operating deficit.

Mission

GLOBAL INFO POLICY THINK TANK-CREATES SCHOLARSHIP & EDUCATION ON POLICIES & PROCESSES NECESSARY TO USE DATA WISELY THAT SERVES PEOPLE. THE IAF GOAL, IS TO ACHIEVE EFFECTIVE INFORMATION GOVERNANCE SYSTEMS TO FACILITATE INFO-DRIVEN INNOVATION RESPECTFUL OF RIGHT TO FAIR PROCESSING.

Program Service Accomplishments

Program 1

Expenses: $744,063 Revenue: $702,000

IAF 2023 MAJOR ACCOMPLISHMENTS INCLUDE THE PUBLICATION OF A REPORT ON MAKING DATA DRIVEN INNOVATION WORK - A MULTI-STAKEHOLDER ASSESSMENT METHODOLOGY, AND A RISK BALANCING REPORT AND FRAMEWORK FOR...

IAF 2023 MAJOR ACCOMPLISHMENTS INCLUDE THE PUBLICATION OF A REPORT ON MAKING DATA DRIVEN INNOVATION WORK - A MULTI-STAKEHOLDER ASSESSMENT METHODOLOGY, AND A RISK BALANCING REPORT AND FRAMEWORK FOR U.S. STATES PRIVACY LAWS - FOCUSING ON COLORADO AND CALIFORNIA. ADDITIONALLY, THE IAF PROVIDED FEEDBACK TO U.S. FEDERAL, CANADA, EU AND UK REGULATORY PROPOSALS. RETIRING IAF FOUNDER AND CHIEF STRATEGIST MARTIN ABRAMS WAS REPLACED BY FORMER UK ICO ELIZABETH DENHAM CBE AS CHIEF STRATEGIST.

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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 $702,000

Program Service Revenue $0

Investment Income $215

Other Revenue $0

TOTAL REVENUE $702,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $38,500

Program Expenses $744,063

Other Expenses $908,954

TOTAL EXPENSES $908,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,215	$835,764	-0.2%
Expenses	$908,954	$762,176	+0.2%
Net Income	$-206,739	$73,588	-3.8%

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
CHRIS FOREMAN	DIRECTOR	5.00	Director	$0	$0	$0
SHEILA J COLCLASURE	DIRECTOR	5.00	Director	$0	$0	$0
LAURA SHERREN	DIRECTOR	5.00	Director	$0	$0	$0
JEFF RATNER	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH DENHAM	DIRECTOR	20.00	Director	$0	$0	$0
STEPHANIE HIGGINS	DIRECTOR	5.00	Director	$0	$0	$0
MARTIN ABRAMS	CHIEF INNOVATION OFFICER	10.00	Director	$0	$0	$0
JOANN C STONIER	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT TAYLOR	CHAIRMAN	8.00	Officer Director	$0	$0	$0
BARBARA LAWLER	PRESIDENT	30.00	Officer Director	$0	$0	$0
JENNIFER B GLASGOW	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$702,215	$908,954	$709,203	$-206,739
2022	$835,765	$762,176	$853,585	$73,589
2021	$643,342	$760,065	$804,996	$-116,723
2020	$531,396	$689,023	$941,767	$-157,627
2019	$1,033,522	$804,027	$1,123,474	$229,495
2018	$1,076,040	$737,184	$864,670	$338,856

FOUNDATN FOR INFORMATION ACCNTBILITY AND GOVRNANCE