IDENTITY2020 SYSTEMS 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

KIM GAGNE

Phone

4158645888

Tax Period

2023-01-01 to 2023-12-31

IDENTITY2020 SYSTEMS INC, founded in 2015, is a small nonprofit that reported $556K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $754K exceeded revenue, resulting in a 35% operating deficit.

Mission

ID2020 BRINGS TOGETHER DIVERSE VOICES TO SET TECHNICAL REQUIREMENTS, INFLUENCE POLICY, AND ACCELERATE THE IMPLEMENTATION OF DIGITAL ID PROGRAMS THAT BENEFIT THE MOST VULNERABLE.

Program Service Accomplishments

Program 1

Expenses: $420,467

ID2020 AND ITS ALLIANCE PARTNERS WORKED TOGETHER TOWARDS A SHARED VISION OF MAXIMIZING THE POTENTIAL OF DIGITAL ID TO IMPROVE LIVES THROUGH THREE WORKSTREAMS. AS THE CHANGING SECTOR DYNAMICS AND...

ID2020 AND ITS ALLIANCE PARTNERS WORKED TOGETHER TOWARDS A SHARED VISION OF MAXIMIZING THE POTENTIAL OF DIGITAL ID TO IMPROVE LIVES THROUGH THREE WORKSTREAMS. AS THE CHANGING SECTOR DYNAMICS AND THEIR IMPACT ON ID2020 BECAME CLEAR, ID2020 TRANSITIONED ITS MISSION AND EXPERTISE TO THE UNITED NATIONS FOUNDATION'S DIGITAL IMPACT ALLIANCE (DIAL).

Program 2

Expenses: $146,978

ID2020'S WORK AND THE SUCCESSFUL TRANSITION IT COMPLETED ALLOWED FOR:TECHNICAL MARKET SHAPING: TRANSFORMING MARKETS TO MAKE USER-MANAGED, PRIVACY-PROTECTING, AND PORTABLE DIGITAL ID THE...

ID2020'S WORK AND THE SUCCESSFUL TRANSITION IT COMPLETED ALLOWED FOR:TECHNICAL MARKET SHAPING: TRANSFORMING MARKETS TO MAKE USER-MANAGED, PRIVACY-PROTECTING, AND PORTABLE DIGITAL ID THE NORM.ADVOCACY: COLLECTIVE ADVOCACY TO EDUCATE POLICYMAKERS AND REGULATORS, TECHNOLOGISTS, IMPLEMENTERS, AND THE PUBLIC AND BUILD SUPPORT FOR "GOOD" ID.PROGRAM SUPPORT: ACCELERATING THE UPTAKE OF GOOD DIGITAL ID PROGRAMS, WITH A PROACTIVE FOCUS ON ENSURING THAT THE BENEFITS OF DIGITAL ID ARE EQUITABLY DISTRIBUTED.

Program 3

Expenses: $6,006

ID2020 IMPLEMENTS GOOD DIGITAL ID PROGRAMS TO ACCELERATE UPTAKE AND FACILITATE ACCESS TO VITAL RIGHTS AND SERVICES, PARTICULARLY FOR VULNERABLE POPULATIONS.

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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 $554,235

Program Service Revenue $0

Investment Income $184

Other Revenue $2,014

TOTAL REVENUE $556,433

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $410,760

Fundraising Expenses $20,840

Program Expenses $573,451

Other Expenses $142,893

TOTAL EXPENSES $753,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,433	$656,011	-0.2%
Expenses	$753,653	$1,027,372	-0.3%
Net Income	$-197,220	$-371,361	-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

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

$219,494

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM GAGNE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
OLIVER T BUSSMANN	TREASURER (THRU 3/31/23)	1.00	Officer Director	$0	$0	$0
ELANA BROITMAN	SEC/TRE	1.00	Officer Director	$0	$0	$0
JOHN EDGE	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
ALEX SIMONS	BOARD MEMBER (THRU 1/30/23)	1.00	Director	$0	$0	$0
BROOKE PARTRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID B TREAT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SETH BERKLEY	BOARD MEMBER (THRU 3/6/23)	1.00	Director	$0	$0	$0
CLIVE SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$145,834	$10,100	$155,934
STEVEN LEE	CHIEF OPERATING OFFICER	40.00	Officer	$45,396	$18,164	$63,560

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
2023	$556,433	$753,653	No data	$-197,220
2022	$656,011	$1,027,372	$199,405	$-371,361
2021	$1,596,150	$1,530,509	$1,607,032	$65,641
2020	$2,073,303	$1,366,234	$1,835,914	$707,069
2019	$1,753,133	$1,677,739	$1,119,665	$75,394
2018	$1,240,335	$1,552,652	$778,253	$-312,317