SIGNAL TECHNOLOGY FOUNDATION

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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

2018

Legal Domicile

Principal Officer

BRIAN ACTON

Phone

6503368080

Tax Period

2024-01-01 to 2024-12-31

SIGNAL TECHNOLOGY FOUNDATION, founded in 2018, is a mid-sized nonprofit in the Community Improvement sector that reported $29.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $38.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

PROTECT FREE EXPRESSION AND ENABLE SECURE GLOBAL COMMUNICATION THROUGH OPEN SOURCE PRIVACY TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $30,994,943 Revenue: $6,386,666

FOLLOWING ITS FORMATION IN EARLY 2018, SIGNAL FOUNDATION'S PRIMARY ACTIVITY WAS THE CONTINUOUS IMPROVEMENT TO SIGNAL MESSENGER IN ORDER TO ENSURE GLOBAL ACCESS TO A SECURE, END-TO-END ENCRYPTED VOICE AND TEXT COMMUNICATIONS PLATFORM. THROUGH SIGNAL MESSENGER, USERS CAN SECURELY CALL AND TEXT ONE ANOTHER. THE CONTENT OF THOSE COMMUNICATIONS ARE SECURELY ENCRYPTED BY THE APP.

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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 $21,843,492

Program Service Revenue $6,386,666

Investment Income $1,183,379

Other Revenue $0

TOTAL REVENUE $29,413,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,573,873

Fundraising Expenses $0

Program Expenses $30,994,943

Other Expenses $18,445,823

TOTAL EXPENSES $38,019,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,413,537	$35,750,994	-0.2%
Expenses	$38,019,696	$35,808,494	+0.1%
Net Income	$-8,606,159	$-57,500	+148.7%

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

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

$795,228

Key Employees

$609,660

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH WHITTAKER	DIRECTOR / PRES OF SIGNAL MESSENGER	40.00	Director	$743,531	$51,697	$795,228
BRIAN ACTON	PRES / SECR / TREAS / CEO OF SIGNAL	40.00	Officer Director	$0	$0	$0
AMBA KAK	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MAHER	DIRECTOR	1.00	Director	$0	$0	$0
JAY SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
ARUNA HARDER	CHIEF OPERATING OFFICER	40.00	Key Emp	$589,160	$20,500	$609,660
JIM O'LEARY	VP, ENGINEERING	40.00	Highest	$715,212	$34,111	$749,323
EHREN KRET	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$709,890	$9,274	$719,164
ALAN LIU	DIRECTOR, ENGINEERING	40.00	Highest	$547,338	$46,338	$593,676
RANDALL SARAFA	CHIEF PRODUCT OFFICER	40.00	Highest	$551,565	$20,500	$572,065
JONATHAN CHAMBERS	SOFTWARE DEVELOPER	40.00	Highest	$460,097	$29,869	$489,966

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	$29,413,537	$38,019,696	$30,994,770	$-8,606,159
2023	$35,750,994	$35,808,494	$37,433,223	$-57,500
2022	$26,064,219	$30,455,421	$37,331,314	$-4,391,202
2021	$12,765,380	$33,117,092	$46,245,596	$-20,351,712
2020	$14,860,292	$21,272,520	$66,123,171	$-6,412,228
2019	$19,408,880	$13,481,072	$77,225,921	$5,927,808
2018	$609,365	$5,127,667	$100,490,525	$-4,518,302