OSA Foundation 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

2002

Legal Domicile

Principal Officer

ELIZABETH NOLAN

Phone

2022238130

Tax Period

2024-01-01 to 2024-12-31

OSA Foundation Inc, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.0M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 44% operating margin.

Mission

THE FOUNDATION IS AN AFFILIATE OF OPTICA AND WAS CREATED TO SUPPORT PILANTHROPIC ACTIVITIES THAT FORWARD OPTICAS MISSION.

Program Service Accomplishments

Program 1

Expenses: $446,692 Revenue: $215,396

SUPPORT THE PHILANTHROPIC WORK OF OPTICA IN PROMOTING THE GENERATION APPLICATION ARCHIVING AND WORLDWIDE DISSEMINATION OF KNOWLEDGE IN OPTICS AND PHOTONICS.

Program 2

Expenses: $2,741,535 Revenue: $0

AWARDS GRANTS PRIZES AND SCHOLARSHIPS GIVEN TO THOSE OUTSTANDING IN THE FIELDS OF OPTICS AND PHOTONICS.

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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 $1,309,051

Program Service Revenue $215,395

Investment Income $4,488,839

Other Revenue $0

TOTAL REVENUE $6,013,285

Expense Breakdown

Grants Paid $2,741,535

Salaries & Benefits $0

Fundraising Expenses $14,157

Program Expenses $3,188,227

Other Expenses $624,726

TOTAL EXPENSES $3,366,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,013,285	$8,678,480	-0.3%
Expenses	$3,366,261	$3,084,864	+0.1%
Net Income	$2,647,024	$5,593,616	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

125

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

$389,157

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Stark	EXECUTIVE DIRECTOR - THRU SEPT 2024	18.75	Officer	$0	$46,660	$389,157
Magnus Bengtsson	DIRECTOR	5.00	Director	$0	$0	$0
Stephen D Fantone	DIRECTOR	5.00	Director	$0	$0	$0
Eve Griliches	DIRECTOR	5.00	Director	$0	$0	$0
Antigone Marino	DIRECTOR	5.00	Director	$0	$0	$0
Rick Plympton	DIRECTOR	5.00	Director	$0	$0	$0
Valey Kamalov	DIRECTOR	5.00	Director	$0	$0	$0
Simin Cai	DIRECTOR	5.00	Director	$0	$0	$0
Michal Lipson	DIRECTOR	5.00	Director	$0	$0	$0
Eric Mazur	CHAIR	5.00	Officer Director	$0	$0	$0
George BayZ	Secretary Treasurer	5.00	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
2025	No data	No data	No data	No data
2024	$6,013,285	$3,366,261	$38,521,152	$2,647,024
2023	$8,678,480	$3,084,864	$39,030,109	$5,593,616
2022	$6,158,345	$3,041,444	$32,440,327	$3,116,901
2021	$6,732,341	$771,946	$35,009,133	$5,960,395
2020	$3,848,727	$887,691	$28,376,150	$2,961,036
2019	$2,536,355	$1,226,256	$22,982,349	$1,310,099
2018	$3,131,421	$762,365	$18,713,544	$2,369,056