ALGAE FOUNDATION (EIN 462312083) - 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

2013

Legal Domicile

Principal Officer

IRA LEVINE

Phone

2077546969

Tax Period

2023-01-01 to 2023-12-31

ALGAE FOUNDATION, founded in 2013, is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $465K, a strong 31% operating margin.

Mission

THE ALGAE FOUNDATION'S MISSION IS TO PROMOTE THE POWER OF ALGAE TO TRANSFORM HUMAN ENVIRONMENT UPON WHICH IT DEPENDS AND TO FACILITATE A FUTURE IN WHICH ALGAE ARE A FUNDAMENTAL SOURCE OF ENERGY, NUTRITION, PRODUCTS, AND ECOLOGICAL SERVICES FOR SUSTAINABLE SOCIETIES GLOBALLY.

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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 $189,613

Program Service Revenue $1,288,015

Investment Income $10,517

Other Revenue $0

TOTAL REVENUE $1,488,145

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $452,565

Fundraising Expenses $15,335

Program Expenses $920,468

Other Expenses $566,530

TOTAL EXPENSES $1,023,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,488,145	$986,125	+0.5%
Expenses	$1,023,095	$756,403	+0.4%
Net Income	$465,050	$229,722	+1.0%

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

$201,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIFFANY CANNIS	BOARD CHAIR	6.63	Officer Director	$0	$0	$0
JAKOB NALLEY	SECRETARY	2.21	Director	$0	$0	$0
PHILIP PIENKOS	BOARD MEMBER	2.12	Director	$0	$0	$0
JESSE TRALLER OJEDA	CO-VICE CHAIR	1.92	Director	$0	$0	$0
GREG MITCHELL	BOARD MEMBER	3.85	Director	$0	$0	$0
EDMUND GAITHER	TREASURER	3.85	Director	$0	$0	$0
PETER KOFFLER	BOARD MEMBER	0.96	Director	$0	$0	$0
IRA LEVINE	CEO	36.00	Officer	$201,577	$0	$201,577

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	$1,488,145	$1,023,095	$1,489,570	$465,050
2022	$986,125	$756,403	$809,976	$229,722
2021	$558,844	$478,081	$532,706	$80,763
2020	$356,380	$376,306	$449,041	$-19,926
2019	$464,364	$385,209	$467,872	$79,155
2018	$421,141	$280,509	$388,619	$140,632

ALGAE FOUNDATION