International Center for Food Onto… - Form 990 Financial Data

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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

Principal Officer

Courtney Riggle

Phone

6503803484

Tax Period

2023-01-01 to 2023-12-31

International Center for Food Ontology Operability Data and Semantics, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $279K in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. Expenses of $242K left a modest 13% surplus.

Mission

The mission is to democratize food systems, IC-FOODS brings the brightest minds in semantic web, AI/ML, ontological and mathematical modeling from around the world together with domain experts whose work reside along the Environment?Ag?Food Processing?Diet?Health knowledge spectrum.

Program Service Accomplishments

Program 1

Expenses: $239,208

The meeting of stakeholders from the Environment,Ag,Food,Diet,Health knowledge spectrum across academic institutions and businesses(commercial or research) to discuss the role of IC-FOODS data...

The meeting of stakeholders from the Environment,Ag,Food,Diet,Health knowledge spectrum across academic institutions and businesses(commercial or research) to discuss the role of IC-FOODS data platform as relevant to each.

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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 $278,953

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $278,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,595

Fundraising Expenses $0

Program Expenses $239,208

Other Expenses $51,940

TOTAL EXPENSES $241,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,964	$113,468	+1.5%
Expenses	$241,535	$104,444	+1.3%
Net Income	$37,429	$9,024	+3.1%

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

$144,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Lange	Chair	50.00	Officer	$103,250	$0	$103,250
Courtney Riggle	Secretary/Treas	35.00	Officer	$40,833	$0	$40,833
Suzanna Lewis	Director	1.00	Director	$0	$0	$0
Damion Dooley	Director	1.00	Director	$0	$0	$0
Rochelle Harry Swanson	Director	1.00	Director	$0	$0	$0
Ezinne Uzo Okoro	Director	1.00	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
2023	$278,964	$241,535	$57,422	$37,429

International Center for Food Ontology Operability Data and Semantics