PUBLIC INVENTION (EIN 834036254) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Robert Read

Phone

5129136103

Tax Period

2024-01-01 to 2024-12-31

PUBLIC INVENTION, founded in 2019, is a small nonprofit in the Science & Technology sector that reported $407K in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 67% operating margin.

Mission

Public Invention seeks to alleviate poverty and educate by creating a movement for open-source hardware invention. We "Invent in the public, for the Public". Our work centers on humanitarian inventions, specifically in the biomedical space. We are working on a ceramic oxygen concentrator for NASA, a global distributed tracking system for medical supplies, a general purpose alarm device, a more efficient cooking stove for wood-based fires, and are developing a ferrofluid check valve.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $406,897

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $406,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,309

Program Expenses $112,850

Other Expenses $134,931

TOTAL EXPENSES $134,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,897	$166,981	+1.4%
Expenses	$134,931	$170,007	-0.2%
Net Income	$271,966	$-3,026	-90.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Robert L Read	President	55.00	Officer Director Key Emp	$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	$406,897	$134,931	$265,409	$271,966

PUBLIC INVENTION