Sovrin Foundation (EIN 813702995) - 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

2016

Legal Domicile

Principal Officer

Stephen Curran

Tax Period

2024-01-01 to 2024-12-31

Sovrin Foundation, founded in 2016, is a micro nonprofit in the Community Improvement sector that reported $22K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 390% operating deficit.

Mission

The purpose of the foundation (Sovrin) is to provide a global public utility for self-sovereign (i.e. user controlled) internet identity that streamlines interactions and enables stronger levels of trust among all individuals, organizations and things.

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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 $30

Program Service Revenue $22,387

Investment Income $7

Other Revenue $0

TOTAL REVENUE $22,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12

Program Expenses $63,069

Other Expenses $109,927

TOTAL EXPENSES $109,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,424	$93,574	-0.8%
Expenses	$109,927	$83,403	+0.3%
Net Income	$-87,503	$10,171	-9.6%

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

N/A

Volunteers

100

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
Stephen Curran	Trustee/Chair	2.00	Officer Director	$0	$0	$0
Andrew Smith	Trustee	2.00	Officer Director	$0	$0	$0
Andre Kudra	Trustee	2.00	Director	$0	$0	$0
Philippe Page	Trustee	2.00	Director	$0	$0	$0
Sankarshan Mukhopadhyay	Trustee/V Chair	2.00	Officer Director	$0	$0	$0
Jamie Stirling	Trustee	2.00	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
2024	$22,424	$109,927	$35,242	$-87,503
2023	$93,574	$83,403	$98,745	$10,171
2022	$120,238	$105,857	$62,436	$14,381
2021	$90,718	$133,497	$29,914	$-42,779
2020	$777,269	$967,632	$60,001	$-190,363

Sovrin Foundation