OPEN SATS INITIATIVE INC (EIN 852722249) - Form 990 Financial Analysis & Trantor Score

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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

BENJAMIN PRICE

Phone

5742121002

Tax Period

2023-01-01 to 2023-12-31

OPEN SATS INITIATIVE INC, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $11.3M in total revenue in fiscal year 2023. Revenue surged 532% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 65% operating margin.

Mission

TO HELP SUPPORT AND MAINTAIN A SUSTAINABLE ECOSYSTEM OF FUNDING FOR FREE AND OPEN SOURCE PROJECTS AND CONTRIBUTORS, ESPECIALLY BITCOIN RELATED PROJECTS AND PROJECTS WHICH HELP BITCOIN FLOURISH.

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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 $11,337,061

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,337,061

Expense Breakdown

Grants Paid $3,816,339

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,816,339

Other Expenses $155,727

TOTAL EXPENSES $3,972,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,337,061	$1,793,905	+5.3%
Expenses	$3,972,066	$282,375	+13.1%
Net Income	$7,364,995	$1,511,530	+3.9%

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

N/A

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

$129,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IB Cypherust LLC	DIRECTOR	2.00	Director	$0	$0	$0
Freedom Tech LLC	DIRECTOR	2.00	Director	$0	$0	$0
BigRebase LLC	DIRECTOR	2.00	Director	$0	$0	$0
Necessary Trouble LLC	DIRECTOR	2.00	Director	$0	$0	$0
Full Disclosure LLC	DIRECTOR	2.00	Director	$0	$0	$0
Stay Humble LLC	DIRECTOR	2.00	Director	$0	$0	$0
Orange Coin Good LLC	DIRECTOR	2.00	Director	$0	$0	$0
X0F Corp	DIRECTOR	2.00	Director	$0	$0	$0
Innocuous Widgets LLC	DIRECTOR	2.00	Director	$0	$0	$0
HARPER SINGLETON Termed 623	OFFICER	2.00	Officer	$11,980	$0	$11,980
BENJAMIN PRICE	OFFICER	10.00	Officer	$0	$0	$0
Chronology Unipessoal LDA	OFFICER	40.00	Officer	$117,488	$0	$117,488

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	$11,337,061	$3,972,066	$13,919,479	$7,364,995
2022	$1,793,905	$282,375	$1,375,133	$1,511,530

OPEN SATS INITIATIVE INC