Fuse Innovation Fund (EIN 870800705) - 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

2007

Legal Domicile

Principal Officer

Damiana Merryweather

Phone

2064200133

Tax Period

2024-07-01 to 2025-06-30

Fuse Innovation Fund, founded in 2007, is a community nonprofit in the Environment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 54% operating deficit.

Mission

To develop creative programs to educate and engage activists about critical issues in Washington State

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,213,843

Program Service Revenue $0

Investment Income $3,675

Other Revenue $0

TOTAL REVENUE $1,217,518

Expense Breakdown

Grants Paid $111,295

Salaries & Benefits $1,295,659

Fundraising Expenses $155,981

Program Expenses $1,440,403

Other Expenses $464,923

TOTAL EXPENSES $1,871,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,217,518	$1,579,322	-0.2%
Expenses	$1,871,877	$1,072,288	+0.7%
Net Income	$-654,359	$507,034	-2.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$157,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Ostrom	Executive Director	025.00	Officer	$0	$11,477	$157,010
Reiny Cohen	Senior Director of Communications	024.00	Highest	$0	$10,553	$125,896
Adam Glickman	Chair	001.00	Officer Director	$0	$0	$0
Daniel Weise	Director	001.00	Director	$0	$0	$0
Julie Robinson	Director	001.00	Director	$0	$0	$0
Dean Nielsen	Treasurer	001.00	Officer Director	$0	$0	$0
Tom Miller	Director	001.00	Director	$0	$0	$0
Lyle Quasim	Director	001.00	Director	$0	$0	$0
Leah Snyder	Director	001.00	Director	$0	$0	$0
Raman Khanna	Director	001.00	Director	$0	$0	$0
Yazmin Mehdi	Vice Chair	001.00	Officer Director	$0	$0	$0
Jamielyn Wheeler	Director	001.00	Director	$0	$0	$0
Christopher Lampkin	Director	001.00	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
2025	$1,217,518	$1,871,877	$398,595	$-654,359
2024	$1,579,322	$1,072,288	$1,463,236	$507,034
2023	$1,419,590	$1,067,040	$778,630	$352,550
2022	$1,125,930	$2,801,178	$313,989	$-1,675,248
2021	$1,166,383	$795,440	$1,992,259	$370,943
2020	$2,207,802	$1,213,124	$1,620,847	$994,678
2019	$1,336,281	$1,283,404	$718,706	$52,877
2018	$1,316,285	$1,063,275	$503,409	$253,010

Fuse Innovation Fund