DIAMOND KEY SECURITY NFP

EIN: 820844682 501(c)(3)

PALATINE, IL

Total Revenue
$1,330,490
Total Expenses
$1,060,372
Total Assets
$426,550
Net Assets
$416,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IL
Principal Officer
WESLEY STUART JONES
Phone
8474858685
Tax Period
2018-01-01 to 2018-12-31

DIAMOND KEY SECURITY NFP, founded in 2017, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 20% operating margin.

Mission

The Corporation promotes research and educational initiatives to advance transparent, auditable cybersecurity technologies for the Internet generally, and specifically in our nation's network infrastructures, as well as the stability, interoperability, and reliability of the global internet.

Program Service Accomplishments

Program 1

THE CORPORATION BEGAN IT'S INITIAL RESEARCH ACTIVITIES IN 2017 BY DEVELOPING ITS RESEARCH PLANS AND STRUCTURES, AND BY CONFIRMING AND SECURING RESEARCH RELATED ASSETS, RESOURCES AND RESEARCH...

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THE CORPORATION BEGAN IT'S INITIAL RESEARCH ACTIVITIES IN 2017 BY DEVELOPING ITS RESEARCH PLANS AND STRUCTURES, AND BY CONFIRMING AND SECURING RESEARCH RELATED ASSETS, RESOURCES AND RESEARCH PARTNERS. THE CORPORATION FURTHER DEVELOPED INITIAL RESEARCH OBJECTIVES, AND ESTABLISHED PROJECT PARAMETERS. IN 2018 THE CORPORATION EXECUTED ON THESE RESEARCH OBJECTIVES AND DESIGNED AND BUILT A PROTOTYPE HARDWARE SECURITY MODULE WHICH CREATES AND STORES DIGITAL CRYPTOGRAPHIC KEYS. THE HARDWARE SECURITY MODULE WAS TESTED BY KEY PARTNERS IN THE INTERNET COMMUNITY.

Program 2

THE FOCUS OF THE CORPORATION'S EFFORTS IN 2018 WERE TO DESIGN, ARCHITECT, AND BUILD THE SCIENTIFIC RESEARCH IN THE DEVEOPMENT OF AUDITABLE TRANSPARENT SOLUTIONS FOR THE CREATION AND SECURE STORAGE OF...

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THE FOCUS OF THE CORPORATION'S EFFORTS IN 2018 WERE TO DESIGN, ARCHITECT, AND BUILD THE SCIENTIFIC RESEARCH IN THE DEVEOPMENT OF AUDITABLE TRANSPARENT SOLUTIONS FOR THE CREATION AND SECURE STORAGE OF DIGITAL CRYPTOGRAPHIC KEYS AND THE USE AND MANAGEMENT OF SUCH KEYS. A SMALLER PORTION OF THE CORPORATION'S ACTIVITIES ALSO FOCUSED ON WRITING AND OBTAINING GRANTS FROM SIMILARLY ALIGNED PUBLIC CHARITIES TO FUND THE CORPORATION'S SCIENTIFIC RESEARCH.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,300,000
Program Service Revenue $23,097
Investment Income $7,393
Other Revenue $0
TOTAL REVENUE $1,330,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $681,875
Fundraising Expenses $0
Other Expenses $378,497
TOTAL EXPENSES $1,060,372

Year-over-Year Comparison

2018 2017 Change
Revenue $1,330,490 $621,000 +1.1%
Expenses $1,060,372 $472,492 +1.2%
Net Income $270,118 $148,508 +0.8%
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

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Governance

Voting Members
5
Independent Members
3
Employees
4
Volunteers
1

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
2
$378,538
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN FARRELL Director 0.00
Director
$0 $0 $0
OLAF KOLKMAN Director 0.00
Director
$0 $0 $0
TIM THOMPSON Director 0.00
Director
$0 $0 $0
WESLEY STUART JONES President/Treas 40.00
Officer
$189,269 $0 $189,269
PHIL ROBERTS Secretary 40.00
Officer
$189,269 $0 $189,269
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
2018 $1,330,490 $1,060,372 $426,550 $270,118
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