THE KHRONOS GROUP 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

2003

Legal Domicile

Phone

4158698627

Tax Period

2024-01-01 to 2024-12-31

THE KHRONOS GROUP INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2024. Expenses of $4.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

Khronos is focused on the creation of open standard APIs to enable the authoring and playback of dynamic media on a wide variety of platforms and devices.

Program Service Accomplishments

Program 1

Khronos enables safe cooperation for the adoption of open API standards for graphics, media, compute, vision and sensor acceleration. Open standards are available for royalty-free use by the entire industry. The process enables widespread participation in the creation of open standards for the good of the industry.

Program 2

Khronos facilitates events and meetings for its members for the purposes of promoting discussion and creation of open API standards throughout and for the good of the industry.

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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 $2,592,490

Program Service Revenue $1,071,041

Investment Income $217,826

Other Revenue $70

TOTAL REVENUE $3,881,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,494,282

TOTAL EXPENSES $4,494,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,881,427	$4,062,985	0.0%
Expenses	$4,494,282	$3,993,673	+0.1%
Net Income	$-612,855	$69,312	-9.8%

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

300

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
Neil Trevett	President	30.00	Officer Director	$0	$0	$0
Mitch Singer	Director	1.00	Director	$0	$0	$0
Andrew Garrard	Director	1.00	Director	$0	$0	$0
Geoff Stahl	Director	1.00	Director	$0	$0	$0
Tom Olson	Director	1.00	Director	$0	$0	$0
Yanjun Zhang	Director	1.00	Director	$0	$0	$0
Ueli Gallizzi	Director	1.00	Director	$0	$0	$0
Ian Romanick	Secretary	1.00	Officer Director	$0	$0	$0
John MacDonald	Director	1.00	Director	$0	$0	$0
Alan Baker	Director	2.00	Director	$0	$0	$0
Sebastian Miglio	Director	1.00	Director	$0	$0	$0
Robert Simpson	Director	1.00	Director	$0	$0	$0
James Wei	Director	1.00	Director	$0	$0	$0
Ralph Potter	Treasurer	1.00	Officer Director	$0	$0	$0
Martin Enthed	Vice President	1.00	Officer Director	$0	$0	$0
Emily Stearns	Managing Dir.	40.00	Officer	$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	$3,881,427	$4,494,282	$5,689,779	$-612,855
2023	$4,062,985	$3,993,673	$6,222,071	$69,312
2022	$4,004,426	$3,270,203	$6,110,376	$734,223
2021	$3,615,581	$2,226,400	$5,452,880	$1,389,181
2020	$3,410,359	$1,958,100	$4,155,997	$1,452,259
2019	$3,154,592	$2,730,580	$2,722,629	$424,012