FOUNDATION FOR AMERICAN INNOVATION

EIN: 472239840 501(c)(3) Health Care

WASHINGTON, DC

Total Revenue
$5,149,927
Total Expenses
$3,719,664
Total Assets
$3,709,441
Net Assets
$3,427,251
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Principal Officer
LOREN ZACHARY GRAVES
Phone
8432127960
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR AMERICAN INNOVATION, founded in 2014, is a community nonprofit in the Health Care sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 28% operating margin.

Mission

TO DEVELOP TECHNOLOGY, TALENT, AND IDEAS THAT SUPPORT A BETTER, FREER, AND MORE ABUNDANT FUTURE. OURS IS A POLITICS OF BUILDERS, HACKERS, AND FOUNDERS WORKING TO ADVANCE A MORE PERFECT UNION BETWEEN TECHNOLOGY AND THE AMERICAN REPUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,106,107
Program Service Revenue $42,816
Investment Income $74
Other Revenue $930
TOTAL REVENUE $5,149,927

Expense Breakdown

Grants Paid $9,500
Salaries & Benefits $2,066,207
Fundraising Expenses $298,423
Program Expenses $2,876,107
Other Expenses $1,643,957
TOTAL EXPENSES $3,719,664

Year-over-Year Comparison

2024 2023 Change
Revenue $5,149,927 $3,679,704 +0.4%
Expenses $3,719,664 $3,360,231 +0.1%
Net Income $1,430,263 $319,473 +3.5%
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

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Governance

Voting Members
13
Independent Members
13
Employees
19
Volunteers
13

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
4
$596,236
Total Directors
13
$0
Key Employees
3
$652,073
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARRETT JOHNSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
KRISTEN SOLTIS ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE BIBER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SOLANA BOARD MEMBER 1.00
Director
$0 $0 $0
LAURENT CRENSHAW BOARD MEMBER 1.00
Director
$0 $0 $0
ALLISON SWOPE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KRATSIOS BOARD MEMBER 1.00
Director
$0 $0 $0
AARON GINN BOARD MEMBER 1.00
Director
$0 $0 $0
KMELE FOSTER BOARD MEMBER 1.00
Director
$0 $0 $0
TAMARA WINTER BOARD MEMBER 1.00
Director
$0 $0 $0
MEG REISS BOARD MEMBER FROM 04/24 1.00
Director
$0 $0 $0
REIHAN SALAM BOARD MEMBER FROM 04/24 1.00
Director
$0 $0 $0
MARK JOHNSON BOARD MEMBER FROM 04/24 1.00
Director
$0 $0 $0
GRACE MEYER CHIEF OPERATING OFFICER 40.00
Officer
$172,069 $23,650 $195,719
LOREN ZACHARY GRAVES EXECUTIVE DIRECTOR 40.00
Officer
$254,749 $27,665 $282,414
MAX BODACH EXECUTIVE VICE PRESIDENT 40.00
Officer
$104,794 $13,309 $118,103
DANIEL PETER LIPS HEAD OF POLICY 40.00
Key Emp
$177,042 $26,252 $203,294
BRANDON MARK DETWEILER HEAD OF PRODUCT 40.00
Key Emp
$149,548 $20,643 $170,191
SAMUEL HAMMOND SENIOR ECONOMIST 40.00
Key Emp
$255,126 $23,462 $278,588
TIMOTHY LIVINGSTON DIRECTOR OF ENGINEERING 40.00
Highest
$124,877 $23,269 $148,146
LUKE HOGG DIRECTOR OF OUTREACH 40.00
Highest
$108,386 $13,444 $121,830
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 $5,149,927 $3,719,664 $3,709,441 $1,430,263
2023 $3,679,704 $3,360,231 $1,978,835 $319,473
2022 $3,932,822 $4,347,192 $1,896,389 $-414,370
2021 $4,377,840 $3,278,966 $2,320,528 $1,098,874
2020 $2,505,566 $2,645,933 $1,261,317 $-140,367
2019 $2,573,058 $2,369,119 $1,388,565 $203,939
2018 $2,844,753 $2,425,635 $1,201,098 $419,118
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