Basil Technologies 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

2017

Legal Domicile

Principal Officer

Kevin Kim

Phone

6505049502

Tax Period

2022-01-01 to 2022-12-31

Basil Technologies Inc, founded in 2017, is a small nonprofit that reported $462K in total revenue in fiscal year 2022. Revenue surged 1105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 47% operating margin.

Mission

Using our gifts in technology to serve the Kingdom of God.

Program Service Accomplishments

Program 1

Expenses: $66,893

Special Projects: God often surprises Basil with different opportunites to serve Him, but these opportunities do not always become one of our core programs, like Product Development or Technology...

Special Projects: God often surprises Basil with different opportunites to serve Him, but these opportunities do not always become one of our core programs, like Product Development or Technology Consulting. As such, we have created a special vertical, called "Special Projects" to house these different areas that we get to serve Him in and provide a space for us to incubate potential new projects.

Program 2

Expenses: $55,106

Product Development: Building tech products (e.g. websites, apps, etc) is Basil's speciality. This is one of the ways that we serve the Kingdom through technology. One main product that Basil worked on in 2022 is Bible Dojo. Bible Dojo is a product designed to help people understand the Bible using technology. Through this product, users can experience God's Word through interactive labs that train the user to read and understand the Bible for themselves. The content of the product is curated by seminary professors, who are not only experts in their field of study, but are leaders and experts in the best practices of how people learn. The product is built on cutting-edge technology by engineers who have worked at some of the top technology companies. The product is also designed by top-notch designers, who are implementing best practices in design to deliver a powerful human-centered experience.

Program 3

Expenses: $46,576

Building Community: Part of Basil's mission is to minister and disciple believers in technology. We do that by hosting events, like having volunteers come in one night a week to work on tech...

Building Community: Part of Basil's mission is to minister and disciple believers in technology. We do that by hosting events, like having volunteers come in one night a week to work on tech projects, or hosting fireside talks to hear from experts. We also host gatherings and fellowship events to build deeper relationships. In addition, we also rent out rooms in our Basil House at below market rate, so that we can live together in community and foster discipleship.

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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 (2022)

Revenue Breakdown

Contributions & Grants $459,683

Program Service Revenue $0

Investment Income $0

Other Revenue $2,500

TOTAL REVENUE $462,183

Expense Breakdown

Grants Paid $60,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,815

Other Expenses $185,426

TOTAL EXPENSES $245,926

Year-over-Year Comparison

	2022	2021	Change
Revenue	$462,183	$38,350	+11.1%
Expenses	$245,926	$54,147	+3.5%
Net Income	$216,257	$-15,797	-14.7%

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

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
Kevin Kim	President/CEO	20.00	Officer Director	$0	$0	$0
Matthew Chan	COO & Secretary	20.00	Officer Director	$0	$0	$0
Sang Tian	CTO & Board Member	40.00	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	No data	No data	No data	No data
2022	$462,183	$245,926	$413,423	$216,257