APEREO FOUNDATION INCORPORATED

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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

Patrick Masson

Phone

8475673962

Tax Period

2023-01-01 to 2023-12-31

APEREO FOUNDATION INCORPORATED, founded in 2012, is a small nonprofit in the Education sector that reported $393K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

Foster, develop, and sustain open source technologies and innovate to support learning, teaching, and research.

Program Service Accomplishments

Program 1

Expenses: $190,517 Revenue: $161,193

The Apereo Foundation acts as fiscal sponsoree for multiple active projects. Each project provides collaborative open source software that supports educational, and research efforts. Projects include Bedework, CAS, OAE, Opencast, Sakai, uPortal ,Xerte, K-12 Federation, Karuta, ELMS Learning Network, OnTask, and UniTime.

Program 2

Expenses: $98,344 Revenue: $2,000

The Apereo Foundation is actively involved in community building, education, and public advocacy to promote awareness and the importance of open source software for educational initiatives.

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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 $374,686

Program Service Revenue $1,441

Investment Income $16,474

Other Revenue $451

TOTAL REVENUE $393,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,415

Fundraising Expenses $38,112

Program Expenses $288,861

Other Expenses $313,558

TOTAL EXPENSES $406,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,052	$629,020	-0.4%
Expenses	$406,973	$414,219	0.0%
Net Income	$-13,921	$214,801	-1.1%

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

Total Directors

$80,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Masson	Executive Director	24	Director	$80,709	$0	$80,709
Anne-Marie Scott	Chair, Director	5	Officer Director	$0	$0	$0
Josh Wilson	Vice Chair, Director	5	Officer Director	$0	$0	$0
Theresa Rowe	Treasurer, ex officio	5	Officer Director	$0	$0	$0
Francois Campbell	Secretary, Director	5	Officer Director	$0	$0	$0
Inge Donkevoort	Director	2	Director	$0	$0	$0
Shoji Kajita	Director	2	Director	$0	$0	$0
Thierry Koscielniak	Director	2	Director	$0	$0	$0
Clint Lalonde	Director	2	Director	$0	$0	$0
Sam Lee Pan	Director	2	Director	$0	$0	$0
Salvador Pellicer	Director	2	Director	$0	$0	$0
Stuart Phillipson	Director	2	Director	$0	$0	$0
Wes Turner	Director	2	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	$393,052	$406,973	$857,470	$-13,921
2022	$629,020	$414,219	$876,499	$214,801
2021	$720,452	$532,454	$821,793	$187,998
2020	$772,484	$503,217	$653,076	$269,267
2019	$751,367	$714,878	$435,418	$36,489
2018	$770,977	$763,677	$374,564	$7,300