FINTECH OPEN SOURCE FOUNDATION

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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

EDWIN OH

Phone

6506659773

Tax Period

2020-01-01 to 2020-12-31

FINTECH OPEN SOURCE FOUNDATION, founded in 2014, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE AN INDEPENDENT SETTING TO DELIVER SOFTWARE AND STANDARDS THAT ADDRESS COMMON INDUSTRY CHALLENGES AND DRIVE INNOVATION. OPEN SOURCE ADOPTION IS ESSENTIAL TO GROWTH OF THE FINANCIAL SERVICES INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $853,780 Revenue: $1,325,980

2020 WAS A VERY SUCCESSFUL YEAR FOR FINOS AND ITS COMMUNITY WITH SEVERAL NOTABLE ACHIEVEMENTS. IN OCTOBER 2020, FINOS RECORDED A RECORD NUMBER MONTHLY COMMITS BREAKING ITS PREVIOUS RECORD BY 40%...

2020 WAS A VERY SUCCESSFUL YEAR FOR FINOS AND ITS COMMUNITY WITH SEVERAL NOTABLE ACHIEVEMENTS. IN OCTOBER 2020, FINOS RECORDED A RECORD NUMBER MONTHLY COMMITS BREAKING ITS PREVIOUS RECORD BY 40%. LARGE INVESTMENT BANKS MADE SIGNIFICANT CONTRIBUTIONS TO FINOS, SEVERAL FOR THE FIRST TIME, INDICATING A SIGNIFICANT INCREASE IN THE ACCEPTANCE OF OPEN SOURCE AND OPEN STANDARDS AS KEY TOOLS FOR COLLABORATION IN THE FINANCIAL SERVICES INDUSTRY. THE FOUNDATION LAUNCHED SPECIAL INTEREST GROUPS (SIGS) AS ANOTHER FORM OF COLLABORATION INCLUDING A SIG FOCUSED ON ENGAGING REGULATORS, ENSURING THAT WE HAVE THE FULL ECOSYSTEM INVOLVED AS WE DRIVE INNOVATION IN FINANCIAL SERVICES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,325,890

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,325,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $915,813

Fundraising Expenses $0

Program Expenses $853,780

Other Expenses $410,077

TOTAL EXPENSES $1,325,890

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,325,890	$2,658,186	-0.5%
Expenses	$1,325,890	$2,686,640	-0.5%
Net Income	$0	$-28,454	-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

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

$788,745

Total Directors

$753,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEJANDRA VILLAGRA	DIRECTOR	15.00	Director	$0	$0	$0
RUSSELL GREEN	DIRECTOR	15.00	Director	$0	$0	$0
JAMIE JONES	DIRECTOR	12.00	Director	$0	$0	$0
JOHN MADSEN	DIRECTOR	15.00	Director	$0	$0	$0
GAVIN LEO-RHYNIE	DIRECTOR	15.00	Director	$0	$0	$0
BRIAN INGENITO	DIRECTOR	15.00	Director	$0	$0	$0
JASON IMPERATO	DIRECTOR	12.00	Director	$0	$0	$0
KIM PRADO	DIRECTOR	15.00	Director	$0	$0	$0
ERAN BARAK	DIRECTOR	15.00	Director	$0	$0	$0
TOM SUGDEN	DIRECTOR	15.00	Director	$0	$0	$0
BRAD LEVY	DIRECTOR	15.00	Director	$0	$0	$0
NICHOLAS KOLBA	DIRECTOR	15.00	Director	$0	$0	$0
ROBERT COLETTI	DIRECTOR	15.00	Director	$0	$0	$0
BRYAN BOGENSBERGER	DIRECTOR	15.00	Director	$0	$0	$0
COLIN EBERHARDT	DIRECTOR	15.00	Director	$0	$0	$0
GABRIELE COLUMBRO	EXECUTIVE DIR.	40.00	Officer Director	$498,000	$0	$498,000
TOSHA ELLISON	COO	40.00	Officer Director	$255,000	$0	$255,000
EDWIN OH	CFO	40.00	Officer	$35,745	$0	$35,745

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
2020	$1,325,890	$1,325,890	No data	No data