B612 Foundation (EIN 542078469) - 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

2003

Legal Domicile

Principal Officer

Danica Remy

Phone

6506444539

Tax Period

2023-01-01 to 2023-12-31

B612 Foundation, founded in 2003, is a community nonprofit in the Science & Technology sector that reported $3.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $633K, a strong 19% operating margin.

Mission

Develop tools and technologies to understand, map, and navigate our solar system, and protect our home planet from asteroid impacts.

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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 $3,219,645

Program Service Revenue $0

Investment Income $54,662

Other Revenue $145,772

TOTAL REVENUE $3,420,079

Expense Breakdown

Grants Paid $21,160

Salaries & Benefits $369,582

Fundraising Expenses $115,342

Program Expenses $2,359,797

Other Expenses $2,396,556

TOTAL EXPENSES $2,787,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,420,079	$4,010,605	-0.1%
Expenses	$2,787,298	$2,572,164	+0.1%
Net Income	$632,781	$1,438,441	-0.6%

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

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

$390,665

Total Directors

$390,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danica Remy	Board Director/President	40.00	Officer Director	$165,000	$39,692	$204,692
Dr Edward Lu	Board Secr/Exec Dir Asteroid Inst	20.00	Officer Director	$132,000	$53,973	$185,973
Peter Schwartz	Board Chair	2.00	Officer Director	$0	$0	$0
Geoffrey Baehr	Board Treasurer	1.00	Officer Director	$0	$0	$0
Dr Clark Chapman	Director	1.00	Director	$0	$0	$0
Dr Dan Durda	Director through 11/2023	1.00	Director	$0	$0	$0
Garrett Gruener	Director	1.00	Director	$0	$0	$0
Lawrence Wilkinson	Director	1.00	Director	$0	$0	$0
Alida Rincoin	Director start 11/2023	1.00	Director	$0	$0	$0
A Koumjian	Head of Software Engineering	40.00	Highest	$250,000	$30,177	$280,177
C Fiaschetti	Director, Special Projects	40.00	Highest	$130,000	$22,664	$152,664
K Kiker	Software Engineer	40.00	Highest	$160,000	$9,904	$169,904
N Tellis	Software Engineer	40.00	Highest	$160,000	$7,412	$167,412
S Nelson	Software Engineer	40.00	Highest	$106,549	$20,365	$126,914

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	$3,420,079	$2,787,298	$4,997,754	$632,781
2022	$4,010,605	$2,572,164	$4,289,254	$1,438,441
2021	$2,167,756	$2,302,469	$5,510,258	$-134,713
2020	$1,934,653	$2,343,079	$5,200,302	$-408,426
2019	$2,453,587	$2,163,288	$4,418,322	$290,299
2018	$1,462,785	$2,369,271	$3,588,195	$-906,486

B612 Foundation