SAN FRANCISCO, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UNITARY FUND, founded in 2018, is a community nonprofit in the Science & Technology sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 7% surplus.
TO CREATE A QUANTUM TECHNOLOGY ECOSYSTEM THAT BENEFITS THE MOST PEOPLE. WE BELIEVE THAT EXPANDING THE POOL OF PEOPLE WORKING ON QUANTUM TECHNOLOGIES IS A WAY TO ENSURE THAT THE BENEFITS OF THESE TOOLS ARE WIDELY, SWIFTLY, AND EQUITABLY DISTRIBUTED.TODAY, WE PRIMARILY USE TWO MAJOR PROGRAMS TO PURSUE THIS MISSION. THROUGH UNITARY LABS WE WORK ON IN-HOUSE PROJECTS THAT HELP THE ECOSYSTEM AS A WHOLE. THROUGH OUR MICROGRANT PROGRAM, WE FUND AN INCLUSIVE COMMUNITY OF EXPLORERS ACROSS THE WORLD TO WORK ON QUANTUM TECHNOLOGIES.
UNITARY FUND AWARDED MICROGRANTS TO INDIVIDUALS & ORGANIZATIONS CONSISTING OF APPROXIMATELY 20 TEAMS/INDIVIDUALS PER YEAR. THE GRANT APPLICATIONS ARE REVIEWED BY AN OUTSIDE ADVISORY BOARD CONSISTING...
UNITARY FUND AWARDED MICROGRANTS TO INDIVIDUALS & ORGANIZATIONS CONSISTING OF APPROXIMATELY 20 TEAMS/INDIVIDUALS PER YEAR. THE GRANT APPLICATIONS ARE REVIEWED BY AN OUTSIDE ADVISORY BOARD CONSISTING OF 15 VOLUNTEERS.
UNITARY FUND DEVELOPED MITIQ, AN OPEN SOURCE QUANTUM TOOLKIT TO MITIGATE ERRORS ON CURRENT NOISY QUANTUM COMPUTERS. MITIQ IS THE FIRST TOOLKIT OF ITS KIND AND HAS BEEN CITED NUMEROUS TIMES IN...
UNITARY FUND DEVELOPED MITIQ, AN OPEN SOURCE QUANTUM TOOLKIT TO MITIGATE ERRORS ON CURRENT NOISY QUANTUM COMPUTERS. MITIQ IS THE FIRST TOOLKIT OF ITS KIND AND HAS BEEN CITED NUMEROUS TIMES IN ACADEMIC RESEARCH PAPERS.
UNITARY FUND DEVELOPED METRIQ, A FREE COMMUNITY PLATFORM TO BENCHMARK CURRENT QUANTUM COMPUTERS, AND TO SHARE THE LATEST RESEARCH ACHIEVEMENTS IN THE FIELD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,496,005 | $835,211 | +0.8% |
| Expenses | $1,383,885 | $903,685 | +0.5% |
| Net Income | $112,120 | $-68,474 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM ZENG | PRESIDENT | 20.00 |
Officer
Director
|
$161,423 | $0 | $161,423 |
| NATHAN SHAMMAH | CTO | 40.00 |
Officer
Director
|
$167,157 | $0 | $167,157 |
| TRAVIS SCHOLTEN | SECRETARY | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHE JURCZAK | TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANASTASIA GAMICK | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH DURST | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,496,005 | $1,383,885 | $665,810 | $112,120 |
| 2022 | $835,211 | $903,685 | $536,413 | $-68,474 |
| 2021 | $1,005,122 | $723,109 | $608,944 | $282,013 |
| 2020 | $518,958 | $427,249 | $377,078 | $91,709 |
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