DRONECODE PROJECT INC (EIN 472022507) - 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

2014

Legal Domicile

Principal Officer

STEPHANIE WIGLE

Phone

4157239709

Tax Period

2023-01-01 to 2023-12-31

DRONECODE PROJECT INC, founded in 2014, is a small nonprofit that reported $469K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $583K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO ENCOURAGE THE DEVELOPMENT OF OPEN SOURCE CONSUMER AND COMMERCIAL UNMANNED AERIAL VEHICLE SOFTWARE, BY BUILDING AND SUPPORTING A COMMUNITY OF DEVELOPERS AND PROVIDING THEM THE RESOURCES AND TOOLS TO HELP THEM INNOVATE.

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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 $469,073

Investment Income $0

Other Revenue $0

TOTAL REVENUE $469,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $523,194

Other Expenses $582,781

TOTAL EXPENSES $582,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$469,073	$568,891	-0.2%
Expenses	$582,781	$559,038	+0.0%
Net Income	$-113,708	$9,853	-12.5%

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

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
LORENZ MEIER	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL AGAR	TSC CHAIR	1.00	Officer Director	$0	$0	$0
MARKUS ACHTELIK	DIRECTOR	1.00	Director	$0	$0	$0
CHAD SWEET	SILVER DIRECTOR	1.00	Director	$0	$0	$0
GERALD PEKLAR	GOLD DIRECTOR	1.00	Director	$0	$0	$0
JIM ZEMLIN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
STEPHANIE WIGLE	CFO	1.00	Officer	$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	$469,073	$582,781	$126,658	$-113,708
2022	$568,891	$559,038	$372,783	$9,853
2021	$367,056	$312,317	$398,168	$54,739

DRONECODE PROJECT INC