TERRAPRAXIS INC

EIN: 854125576 501(c)(3) Public & Societal Benefit

CAMBRIDGE, MA

Total Revenue
$1,514,293
Total Expenses
$2,013,738
Total Assets
$413,697
Net Assets
$58,560
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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
2021
Legal Domicile
MA
Principal Officer
ERIC INGERSOLL
Phone
4132376443
Tax Period
2024-01-01 to 2024-12-31

TERRAPRAXIS INC, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO DEFINE INNOVATIVE PATHWAYS TO ACHIEVE RESULTS AT THE COST, SPEED AND SCALE NECESSARY FOR WIDESPREAD DECARBONIZATION BY MOBILIZING CUSTOMERS, GOVERNMENTS, INDUSTRY, INVESTORS, NGOS,AND REGULATORS

Program Service Accomplishments

Program 1
Expenses: $1,618,624 Revenue: $568,496

TO DEFINE INNOVATIVE PATHWAYS TO ACHIEVE RESULTS AT THE COST, SPEED

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,488,584
Program Service Revenue $24,982
Investment Income $0
Other Revenue $727
TOTAL REVENUE $1,514,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,072,154
Fundraising Expenses $0
Program Expenses $1,618,624
Other Expenses $941,584
TOTAL EXPENSES $2,013,738

Year-over-Year Comparison

2024 2023 Change
Revenue $1,514,293 $2,350,945 -0.4%
Expenses $2,013,738 $3,178,764 -0.4%
Net Income $-499,445 $-827,819 -0.4%
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
8
Independent Members
8
Employees
8
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
3
$132,124
Total Directors
8
$132,124
Key Employees
1
$132,124
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC INGERSOLL PRESIDENT 20
Officer Director Key Emp
$132,124 $0 $132,124
KIRSTY GOGAN VICE PRESIDENT 20
Officer Director
$0 $0 $0
R VYSATOVA TREAS & CLERK 4
Officer Director
$0 $0 $0
AMY ROMA DIRECTOR 4
Director
$0 $0 $0
A WHITTAKER DIRECTOR 4
Director
$0 $0 $0
J BUONGIORNO DIRECTOR 4
Director
$0 $0 $0
RAY ROTHROCK DIRECTOR 4
Director
$0 $0 $0
ELLEN BAUM DIRECTOR 4
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 $1,514,293 $2,013,738 $413,697 $-499,445
2023 $2,350,945 $3,178,764 $823,318 $-827,819
2022 $2,556,739 $1,129,785 $2,184,997 $1,426,954
2021 $804,252 $244,530 $559,768 $559,722
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