EDGE AI FOUNDATION (EIN 842137184) - 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

PETE BERNARD

Phone

4086068005

Tax Period

2024-01-01 to 2024-12-31

EDGE AI FOUNDATION, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO EDUCATE INDUSTRY ON LOW POWER MACHINE LEARNING FOR ARTIFICIAL INTELLIGENCE APPLICATIONS.

🔒

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 $881,409

Program Service Revenue $158,834

Investment Income $12,558

Other Revenue $-3,724

TOTAL REVENUE $1,049,077

Expense Breakdown

Grants Paid $11,170

Salaries & Benefits $296,193

Fundraising Expenses $0

Program Expenses $891,067

Other Expenses $862,271

TOTAL EXPENSES $1,169,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,049,077	$991,900	+0.1%
Expenses	$1,169,634	$750,492	+0.6%
Net Income	$-120,557	$241,408	-1.5%

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

100

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

$105,624

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BERNARD	EXECUTIVE DIRECTOR	20.00	Director	$105,624	$0	$105,624
EVGENI GOUSEV	CHARIMAN	10.00	Officer Director	$0	$0	$0
IRA FELDMAN	SECRETARY/TREASURER, RESIGNED APRIL 30	10.00	Officer Director	$0	$0	$0
ZACH SHELBY	DIRECTOR	10.00	Director	$0	$0	$0
VIJAY JANAPA REDDI	DIRECTOR	10.00	Director	$0	$0	$0
DIDEM UN ATES	DIRECTOR	10.00	Director	$0	$0	$0
MARIAN VERHELST	DIRECTOR, RESIGNED APRIL 20, 2024	10.00	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	$1,049,077	$1,169,634	$736,344	$-120,557
2023	$991,900	$750,492	$855,707	$241,408
2022	$821,407	$538,472	$614,299	$282,935
2021	$549,800	$326,738	$331,364	$223,062
2020	$429,026	$406,249	$108,302	$22,777

EDGE AI FOUNDATION