OpenFog Consortium Inc

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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

2015

Legal Domicile

Principal Officer

Matt Vasey

Phone

5104924070

Tax Period

2018-01-01 to 2018-12-31

OpenFog Consortium Inc, founded in 2015, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2018. Expenses of $1.6M left a modest 5% surplus.

Mission

To drive industry and academic leadership in fog computing architecture, testbed development, and a variety of interoperability and composability deliverables that seamlessly leverage cloud and edge architectures to enable end-to-end IoT scenarios.

Program Service Accomplishments

Program 1

OpenFog held various member meetings throughout the world.

Program 2

Fog World Congress 2018 was OpenFog's conference bringing together industry and research to explore the technologies, challenges, industry deployments and opportunities in fog computing and...

Fog World Congress 2018 was OpenFog's conference bringing together industry and research to explore the technologies, challenges, industry deployments and opportunities in fog computing and networking. Open to the public, several hundred people attended the three day conference which including keynotes, technology and industry tracks plus an exhibition hall.

Program 3

Promoted the benefits of Fog computing through various marketing programs and events

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,683,123

Investment Income $660

Other Revenue $0

TOTAL REVENUE $1,683,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,595,368

TOTAL EXPENSES $1,595,368

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,683,783	$1,724,621	0.0%
Expenses	$1,595,368	$1,153,034	+0.4%
Net Income	$88,415	$571,587	-0.8%

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
Helder Antunes	Chairman	1.00	Officer Director	$0	$0	$0
Jeff Fedders	President	1.00	Officer Director	$0	$0	$0
Mung Chiang	Director	1.00	Director	$0	$0	$0
Rhonda Dirvin	Director	1.00	Director	$0	$0	$0
Russell Hsing	Director	1.00	Director	$0	$0	$0
Liam Quinn	Director	1.00	Director	$0	$0	$0
Matt Vasey	Pres/Scty/VP	1.00	Officer Director	$0	$0	$0
Makoto Yasuda	Director	1.00	Director	$0	$0	$0
Yang Yang	Director	1.00	Director	$0	$0	$0
Brent Hodges	Treasurer	1.00	Officer 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
2018	$1,683,783	$1,595,368	$1,296,747	$88,415