TWO BLADES FOUNDATION

EIN: 562455310 501(c)(3) Science & Technology

EVANSTON, IL

Total Revenue
$2,480,613
Total Expenses
$3,493,827
Total Assets
$10,631,316
Net Assets
$6,992,402
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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
2004
Legal Domicile
DE
Principal Officer
DIANA M HORVATH
Phone
8474251277
Tax Period
2023-01-01 to 2023-12-31

TWO BLADES FOUNDATION, founded in 2004, is a community nonprofit in the Science & Technology sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

SCIENTIFIC, RESEARCH AND EDUCATION

Program Service Accomplishments

Program 1
Expenses: $2,525,743

TWO BLADES SUPPORTS AND MANAGES PROGRAMS THAT ADVANCE SCIENTIFIC DISCOVERIES INTO PRACTICAL APPLICATIONS. TWO BLADES MANAGES A PORTFOLIO OF OWNED OR IN-LICENSED TECHNOLOGIES EMCOMPASSING SPECIFIC...

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TWO BLADES SUPPORTS AND MANAGES PROGRAMS THAT ADVANCE SCIENTIFIC DISCOVERIES INTO PRACTICAL APPLICATIONS. TWO BLADES MANAGES A PORTFOLIO OF OWNED OR IN-LICENSED TECHNOLOGIES EMCOMPASSING SPECIFIC TRAITS AND ENABLING TECHNOLOGIES TO FIGHT PLANT DISEASE. TWO BLADES PAYS PATENT COSTS IN SUPPORT OF RESEARCH AND LICENSING AND PURSUES BUSINESS PARTNERS FOR DEVELOPMENT OF DISEASE RESISTANT PRODUCTS. IT ALSO MEETS WITH POTENTIAL PARTNER FOUNDATIONS TO DISCUSS CO-FUNDING OPPORTUNITIES. IT AWARDS RESEARCH GRANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,285,522
Program Service Revenue $0
Investment Income $195,091
Other Revenue $0
TOTAL REVENUE $2,480,613

Expense Breakdown

Grants Paid $682,723
Salaries & Benefits $1,407,884
Fundraising Expenses $596,272
Program Expenses $2,525,743
Other Expenses $1,403,220
TOTAL EXPENSES $3,493,827

Year-over-Year Comparison

2023 2022 Change
Revenue $2,480,613 $6,470,980 -0.6%
Expenses $3,493,827 $5,868,016 -0.4%
Net Income $-1,013,214 $602,964 -2.7%
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
6
Independent Members
5
Employees
8
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB HORSCH DIRECTOR N/A
Director
$0 $0 $0
DIANA M HORVATH PRESIDENT N/A
Officer Director
$0 $0 $0
ERIC WARD DIRECTOR N/A
Director
$0 $0 $0
SYLVIA WULF DIRECTOR N/A
Director
$0 $0 $0
PETER VANESSE VICE PRESIDE N/A
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
2024 No data No data No data No data
2023 $2,480,613 $3,493,827 $10,631,316 $-1,013,214
2022 $6,470,980 $5,868,016 $8,778,210 $602,964
2021 $5,910,316 $6,917,484 $11,973,096 $-1,007,168
2020 $8,538,030 $6,629,809 $17,604,907 $1,908,221
2019 $5,874,276 $5,799,172 $16,255,813 $75,104
2018 $7,434,942 $5,051,328 $18,064,976 $2,383,614
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