INNOVATIVE OPTICAL AND WIRELESS NETWORK GLOBAL FORUM INC

EIN: 844628405 Arts, Culture & Humanities

WAKEFIELD, MA

Total Revenue
$3,555,200
Total Expenses
$2,519,478
Total Assets
$5,861,315
Net Assets
$4,111,042
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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
2019
Legal Domicile
DE
Principal Officer
KATSUHIKO KAWAZOE
Phone
7812460500
Tax Period
2023-01-01 to 2023-12-31

INNOVATIVE OPTICAL AND WIRELESS NETWORK GLOBAL FORUM INC, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 29% operating margin.

Mission

OUR MISSION IS TO PROPEL TECHNOLOGIES IN COMMUNICATION AND NETWORK INFRASTRUCTURE TO MEET TECHNOLOGICAL CHALLENGES AND SOCIAL NEEDS SO THAT WE WILL BE ABLE TO CONTRIBUTE TO DELIVERING THE BEST VALUE TO ALL GLOBAL CITIZENS, MAKING THE WORLD A BETTER PLACE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,555,200
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,555,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,519,478
TOTAL EXPENSES $2,519,478

Year-over-Year Comparison

2023 2022 Change
Revenue $3,555,200 $3,075,419 +0.2%
Expenses $2,519,478 $1,529,357 +0.6%
Net Income $1,035,722 $1,546,062 -0.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
60

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATSUHIKO KAWAZOE CHAIRPERSON 3.00
Officer Director
$0 $0 $0
GENG WU TREASURER 3.00
Officer Director
$0 $0 $0
MASAYUKI HATTORI SECRETARY 3.00
Officer Director
$0 $0 $0
STEPHEN ALEXANDER DIRECTOR 3.00
Director
$0 $0 $0
PER BEMING DIRECTOR 3.00
Director
$0 $0 $0
GILLES BOURDON DIRECTOR 3.00
Director
$0 $0 $0
ULRICH DROPMANN DIRECTOR 3.00
Director
$0 $0 $0
MIKE KELLOGG DIRECTOR 3.00
Director
$0 $0 $0
SHINGO MIZUNO DIRECTOR 3.00
Director
$0 $0 $0
TOMOHIRO OTANI DIRECTOR 3.00
Director
$0 $0 $0
JEFFERSON WANG DIRECTOR 3.00
Director
$0 $0 $0
CHRISTOPHER WRIGHT DIRECTOR 3.00
Director
$0 $0 $0
HEY-CHYI YOUNG DIRECTOR 3.00
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 No data No data No data No data
2023 $3,555,200 $2,519,478 $5,861,315 $1,035,722
2022 $3,075,419 $1,529,357 $4,573,948 $1,546,062
2021 $1,977,333 $779,474 $3,264,207 $1,197,859
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