THE IP LAW 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

2001

Legal Domicile

Principal Officer

KIERA MATHEY

Phone

7034124342

Tax Period

2024-07-01 to 2025-06-30

THE IP LAW FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $307K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $368K exceeded revenue, resulting in a 20% operating deficit.

Mission

HELPS OFFER CAREER-PREPARATION, CAREER-READINESS, AND CAREER-ADVANCEMENT SUPPORT TO STUDENTS INTERESTED IN THE PATENT LAW PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $312,198

TO OFFER CAREER-PREPARATION, CAREER-READINESS, AND CAREER-ADVANCEMENT SUPPORT TO INDIVIDUALS WITH AN INTEREST IN THE IN THE PATENT LAW PROFESSION IN THE UNITED STATES. THE FOUNDATION'S PROGRAMS WORK TOWARD ACCELERATING THE DEVELOPMENT OF A DEDICATED IP PROFESSIONAL COMMUNITY THROUGH NETWORKING, COUNSELING, AND MENTORING EFFORTS AIMED AT FOSTERING CAREER ADVANCEMENT OF INDIVIDUALS WITH AN INTEREST IN THE PATENT LAW PROFESSION IN THE UNITED STATES. THE SIDNEY B. WILLIAMS, JR. SCHOLAR PROGRAM: THIS MERIT-BASED PROGRAM SUPPORTS STUDENTS FROM STEM BACKGROUNDS WHO ASPIRE TO PURSUE CAREERS IN INTELLECTUAL PROPERTY LAW. DESIGNED TO EXPAND ACCESS AND SUCCESS WITHIN THE PATENT LAW PROFESSION, THE PROGRAM IS OPEN TO INDIVIDUALS APPLYING TO ABA- ACCREDITED LAW SCHOOLS. FOR NEARLY TWO DECADES, THE SIDNEY B. WILLIAMS, JR. SCHOLAR PROGRAM HAS BEEN A VITAL SOURCE OF FINANCIAL SUPPORT FOR STUDENTS EXPLORING CAREERS IN INTELLECTUAL PROPERTY LAW. TODAY, THE PROGRAM HAS EXPANDED ITS REACH PROVIDING A COMPREHENSIVE SUITE OF RESOURCES TO HELP STUDENTS SECURE A LEGAL EDUCATION AND LAUNCH SUCCESSFUL CAREERS IN PATENT LAW. IN ADDITION TO FINANCIAL ASSISTANCE, SCHOLARS NOW BENEFIT FROM: PERSONALIZED COUNSELING AND CAREER GUIDANCE ACCESS TO INTERNSHIPS AND CLERKSHIP OPPORTUNITIES SUPPORT IN PREPARING FOR AND GAINING MEMBERSHIP IN THE PATENT BAR THROUGHOUT THE LAW SCHOOL ADMISSIONS PROCESS AND DURING THEIR LEGAL EDUCATION, SCHOLARS ENGAGE WITH EXPERIENCED PATENT LAW PROFESSIONALS, MENTORS, AND LEADERS IN THE FIELD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $285,178

Program Service Revenue $0

Investment Income $18,335

Other Revenue $3,298

TOTAL REVENUE $306,811

Expense Breakdown

Grants Paid $204,658

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,198

Other Expenses $163,663

TOTAL EXPENSES $368,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,811	$406,040	-0.2%
Expenses	$368,321	$405,598	-0.1%
Net Income	$-61,510	$442	-140.2%

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
KIERA MATHEY	CHAIR	1.00	Officer Director	$0	$0	$0
HA KUNG WONG	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARYLEE JENKINS	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
MICHAEL BINNS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANITA VARMA	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN NOONAN	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON ISRAEL	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ALI AHMED	TRUSTEE	1.00	Director	$0	$0	$0
COREY ANTHONY	TRUSTEE	1.00	Director	$0	$0	$0
ERIKA ARNER	TRUSTEE	1.00	Director	$0	$0	$0
KAREN CANADY	TRUSTEE	1.00	Director	$0	$0	$0
THAD CHALOEMTIANRANA	TRUSTEE	1.00	Director	$0	$0	$0
SHRUTI CHOPRA	TRUSTEE	1.00	Director	$0	$0	$0
KAREN COCHRAN	TRUSTEE	1.00	Director	$0	$0	$0
TONYA COMBS	TRUSTEE	1.00	Director	$0	$0	$0
AHMED DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
GAURI DHAVAN	TRUSTEE	1.00	Director	$0	$0	$0
ALVARO DOMINGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
TARA ELLIOTT	TRUSTEE	1.00	Director	$0	$0	$0
SERENA FARQUHARSON-TORRES	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA FIACCO	TRUSTEE	1.00	Director	$0	$0	$0
JUSTINE GOZZI	TRUSTEE	1.00	Director	$0	$0	$0
LEN JACOBY	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANY JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
NICOLAS KIM	TRUSTEE	1.00	Director	$0	$0	$0
AMY KLANN	TRUSTEE	1.00	Director	$0	$0	$0
ANNETTE KWOK	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM LAFUZE	TRUSTEE	1.00	Director	$0	$0	$0
ALEJANDRO MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
NANCY MERTZEL	TRUSTEE	1.00	Director	$0	$0	$0
ARLENE NEAL	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN O'MALLEY	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND PARKER	TRUSTEE	1.00	Director	$0	$0	$0
SOPHIA PILIOURAS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID POINTER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PRUSSIA	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH SEDDON	TRUSTEE	1.00	Director	$0	$0	$0
PERVIN TALEYARKHAN	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
CALVIN WINGFIELD	TRUSTEE	1.00	Director	$0	$0	$0
MARK WHITAKER	TRUSTEE	1.00	Director	$0	$0	$0
WARREN WOESSNER	TRUSTEE	1.00	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
2025	$306,811	$368,321	$1,557,386	$-61,510
2024	No data	No data	No data	No data
2023	$359,552	$322,822	$1,467,474	$36,730
2022	$421,844	$245,514	$1,394,646	$176,330
2021	$437,502	$248,951	$1,298,093	$188,551
2019	$186,550	$225,030	$1,048,259	$-38,480
2018	$174,850	$251,717	$1,054,148	$-76,867