Mathesar Foundation Inc

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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

2020

Legal Domicile

Principal Officer

Kriti Godey

Phone

7812375555

Tax Period

2023-01-01 to 2023-12-31

Mathesar Foundation Inc, founded in 2020, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 13% surplus.

Mission

Mathesars mission is to make understanding and working with data easy for everyone. Databases have been around for a long time and solve common data problems really well. But working with databases often requires custom software. Or complex tooling that people struggle to get their heads around. We want to make existing database functionality more accessible in a user-friendly way.

Program Service Accomplishments

Program 1

Expenses: $1,081,547 Revenue: $82,200

Mathesar (FKA Open Search)- is an open source software program that enables users of all technical skill levels to store, manipulate, visualize, and collaborate with others on data.

Program 2

Expenses: $97,814 Revenue: $0

The organization tested Covid-19 infection rates and its economic impact in the city of Chelsea, Massachusetts.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,766,396

Program Service Revenue $172,950

Investment Income $0

Other Revenue $1,116

TOTAL REVENUE $1,940,462

Expense Breakdown

Grants Paid $2,311

Salaries & Benefits $629,734

Fundraising Expenses $92,962

Program Expenses $1,198,824

Other Expenses $1,056,784

TOTAL EXPENSES $1,688,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,940,462	$2,920,363	-0.3%
Expenses	$1,688,829	$2,921,562	-0.4%
Net Income	$251,633	$-1,199	-210.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$179,653

Total Directors

$135,303

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kriti Godey	CEO, Clerk	40.00	Highest	$180,868	$0	$180,868
Samantha Bates	Executive Director (Former)	40.00	Officer Director	$135,303	$0	$135,303
Sean Colsen	Front End Engineer	40.00	Highest	$115,921	$0	$115,921
Adam Mullinax	Director of Finance and Operations	20.00	Officer	$44,350	$0	$44,350

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
2023	$1,940,462	$1,688,829	$1,510,487	$251,633
2022	$2,920,363	$2,921,562	$1,400,416	$-1,199
2021	$3,150,464	$2,803,386	$1,309,883	$347,078
2020	$4,125,048	$3,257,276	$943,700	$867,772