LAKE OSWEGO, OR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SECONDMUSE FOUNDATION, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $7.0M exceeded revenue, resulting in a 46% operating deficit.
THE STATED MISSION OF SECONDMUSE FOUNDATION IS TO FOSTER AND DEVELOP DIVERSE, PARTICIPATORY INNOVATION COMMUNITIES THAT INCUBATE SOLUTIONS TO SOCIAL, ECONOMIC AND ENVIRONMENTAL ISSUES; INCLUDING THROUGH PUBLIC EDUCATION, FACILITATING THE ABILITY OF PRIVATE, COMMERCIAL ACTORS, ENTREPRENEURS AND GOVERNMENTS TO GENERATE SHARED VISIONS AND TAKE COLLECTIVE ACTION IN ADVANCING SOLUTIONS THAT ADDRESS ENVIRONMENTAL ISSUES AND LOCAL ECONOMIES, AND INCUBATING AND FUNDING PROGRAMS AND SOLUTIONS THAT ADVANCE SOCIAL, ENVIRONMENTAL AND/OR ECONOMIC JUSTICE. IT WILL ALSO GENERATE, CODIFY, AND PUBLISH LEARNINGS AND INSIGHTS AND FACILITATE BROADER DISCOURSE TO CATALYZE COMMUNITY DEVELOPMENT ON A LARGER SCALE.
THE SECONDMUSE FOUNDATIONS ACCOMPLISHMENTS BOTH THROUGH DIRECT IMPLEMENTATION AND FISCAL SPONSORSHIP OF PROGRAMS, HAVE SIGNIFICANTLY CONTRIBUTED TO ENHANCING THE WELL-BEING OF BOTH PEOPLE AND THE...
THE SECONDMUSE FOUNDATIONS ACCOMPLISHMENTS BOTH THROUGH DIRECT IMPLEMENTATION AND FISCAL SPONSORSHIP OF PROGRAMS, HAVE SIGNIFICANTLY CONTRIBUTED TO ENHANCING THE WELL-BEING OF BOTH PEOPLE AND THE PLANET. IN 2023, WE CONTINUED IMPLEMENTING OUR FLAGSHIP PROGRAM, GET (GENDER EQUITY IN TECH) CITIES, TO RADICALLY INCREASE EQUITY IN TECH. IN THAT, WE INVESTED 1M IN FIVE OF THE TECH EQUITY WORKING GROUP PILOTS AS THEY TRANSITIONED INTO NEW LOCAL HOST ORGANIZATIONS, RELEASED GROUND-BREAKING REPORTS AND PUBLISHED VARIOUS ARTICLES, HOSTED A TOTAL OF 98 EVENTS AND MORE THAN 2,000 ECOSYSTEM CONVERSATIONS THROUGH THOUGHT-PROVOKING CONFERENCES AND ENGAGING PANELS AND WORKSHOPS. THIS PROGRAM WILL BE CONCLUDED IN 2024. IN ADDITION, THE FOUNDATION HAS ALSO FISCALLY SPONSORED 5 PROJECTS. THE INCLUSIVE CAPITAL COLLECTIVE (ICC) WAS IMPLEMENTED FROM 2021 CONCLUDING IN 2023 WITH THE AIM TO DEVELOP CATALYTIC CAPITAL INSTRUMENTS TO ACCELERATE AND AMPLIFY THE WORK OF ITS MEMBERS. IT WAS POSSIBLE TO BUILD A DIGITAL INFRASTRUCTURE & SOFTWARE ENGINEERING, CREATE FINANCE FACILITY AND A REGRANTING FACILITY, HOST VIRTUAL SHOWCASES, LABS, OTHER INFORMATIONAL EVENTS, PUBLISHED CASE STUDIES AND ARTICLES AND MOST IMPORTANTLY, CREATE A SELF-SUSTAINING BUSINESS MODEL FOR THE ICC TO SPIN OUT IN 2024. THE INCUBATION NETWORK (TIN) STARTED IN 2019 AND CONCLUDED IN 2023 WITH THE OBJECTIVE TO CREATE NEW RESILIENT WASTE SYSTEMS BY DEVELOPING, PROMOTING AND INVESTING IN TECHNOLOGIES, BUSINESS MODELS AND ENTREPRENEURS FOCUSED ON OCEAN PLASTIC POLLUTION MITIGATION AND THE CREATION OF MORE CIRCULAR ECONOMIES IN SOUTH AND SOUTHEAST ASIA. REGENERATIVE MONTEREY WAS A NEW INITIATIVE FUNDED BY 14 DONORS FOCUSED ON BUILDING REGENERATIVE AND CLIMATE POSITIVE ECONOMIC DEVELOPMENT IN MONTEREY, CA, SHOWCASING THE POTENTIAL FOR BOOSTING MONTEREYS ECONOMY THROUGH SUSTAINABLE, FAIR, AND DIVERSE WAYS IN TOURISM, AGRICULTURE, BUILDING/CONSTRUCTION TRADES, AND MARINE INDUSTRIES. THE FUTURE ECONOMY LAB ASIA, FOCUSED ON INNOVATING HOW WE CREATE FINANCIAL MECHANISMS AND COLLABORATIVE STRATEGIES ACROSS REGIONS, IMPACT SECTORS, AND COMMUNITIES AROUND THE WORLD. THE SECONDMUSE FOUNDATION SPONSORED A GRANT FROM THE VISA FOUNDATION, TO DESIGN PROGRAMS THAT ADDRESS BARRIERS FACED BY GENDER-SMART, CLIMATE-POSITIVE BUSINESSES IN ACCESSING CAPITAL IN SOUTH AND SOUTHEAST ASIA. THE FOUNDATION HAS BEEN SUPPORTING AND SPONSORING BLACK TECH STREET (BTS) SINCE ITS INCEPTION. IN 2023, IT HOSTED DEF CON 31 IN COLLABORATION WITH THE WHITE HOUSE AND MANY OTHER ORGANIZATIONS. IT WAS NAMED PART OF THE NATIONAL CYBER WORKFORCE AND EDUCATION STRATEGY AND THE FOUNDER AND EXECUTIVE DIRECTOR, TYRANCE BILLINGSLEY II, TESTIFIED AT THE CONGRESSIONAL BLACK CAUCUS AND U.S. SENATE COMMITTEE ON THE AI AND THE FUTURE OF WORK. IN ADDITION, BTS CREATED A LONG-TERM ALLIANCE BETWEEN MICROSOFT AND THE GREENWOOD COMMUNITY FOR THE DIGITAL TRANSFORMATION OF BLACK WALL STREET TO TRAIN 1000 BLACK TECH PROFESSIONALS. IT WILL CONTINUE IMPLEMENTATION IN 2024.
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 | $4,771,822 | $5,727,123 | -0.2% |
| Expenses | $6,958,277 | $6,678,024 | +0.0% |
| Net Income | $-2,186,455 | $-950,901 | +1.3% |
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 |
|---|---|---|---|---|---|---|
| NICOLE MCDONALD | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERICA BARBOSA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD KHOZEIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY JEWETT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH OWEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,771,822 | $6,958,277 | $4,645,845 | $-2,186,455 |
| 2022 | $5,727,123 | $6,678,024 | $7,411,487 | $-950,901 |
| 2021 | $9,612,757 | $4,387,004 | $7,771,916 | $5,225,753 |
| 2020 | $2,298,432 | $2,134,184 | $2,254,621 | $164,248 |
| 2020 | $2,298,432 | $2,134,184 | $2,254,621 | $164,248 |
| 2019 | $1,699,029 | $377,781 | $1,679,481 | $1,321,248 |
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