INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES (EIN 831372987) - 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

2018

Legal Domicile

Principal Officer

CHARLES HEWETT

Phone

2077813445

Tax Period

2022-01-01 to 2022-12-31

INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES, founded in 2018, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $11.7M, a strong 99% operating margin.

Mission

SEE STATMENTTHE CORPORATION IS SOLELY COMMITTED TO THE PLACEMENT AND OPERATION OF A GRADUATE INSTITUTE INSTRUCTING STUDENTS, CONDUCTING RESEARCH, AND SUPPORTING INNOVATION AND ENTREPRENEURIALISM IN THE FIELDS OF ARTIFICIAL INTELLIGENCE, DIGITAL SCIENCE, GENOMICS AND LIFE SCIENCES IN PORTLAND, MAINE.

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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 $11,725,000

Program Service Revenue $0

Investment Income $18,407

Other Revenue $4,500

TOTAL REVENUE $11,747,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $74,251

TOTAL EXPENSES $74,251

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,747,907	$14,260,530	-0.2%
Expenses	$74,251	$166,938	-0.6%
Net Income	$11,673,656	$14,093,592	-0.2%

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

$798,275

Total Directors

$440,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROUX	BOARD CHAIR	10.00	Director	$0	$0	$0
BARBARA ROUX	BOARD MEMBER	2.50	Director	$0	$0	$0
CHARLES HEWETT	BOARD MEMBER/EXECUTIVE DIR	40.00	Officer Director	$440,000	$0	$440,000
FORD REICHE	CHIEF OPERATING OFFICER	40.00	Officer	$305,208	$53,067	$358,275

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
2022	$11,747,907	$74,251	$26,872,146	$11,673,656
2021	$14,260,530	$166,938	$15,604,818	$14,093,592
2020	$400,198	$512,637	$259,960	$-112,439
2019	$1,231,791	$937,379	$384,794	$294,412
2018	$250,098	$196,465	$95,936	$53,633

INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES