Hofvarpnir Studios

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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

Principal Officer

Nova DasSarma

Phone

3156173930

Tax Period

2023-01-01 to 2023-12-31

Hofvarpnir Studios, founded in 2021, is a micro nonprofit in the Science & Technology sector that reported $60K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $471K exceeded revenue, resulting in a 689% operating deficit.

Mission

See Form 990, Part I, Line 1.

Program Service Accomplishments

Program 1

Expenses: $471,317 Revenue: $54,716

During the reporting period, the organization continued to support academic AI safety research labs such as the Center for Human-Compatible AI (CHAI) and Steinhardt Lab at UC Brkeley. Its...

During the reporting period, the organization continued to support academic AI safety research labs such as the Center for Human-Compatible AI (CHAI) and Steinhardt Lab at UC Brkeley. Its expenditures were predominantly colocation and maintenance costs of the server hardware and related components purchased in the prior year to construct a compute cluster, which is utilized by the aforementioned AI safety research labs and dozens of independent researchers. The compute cluster empowered researchers who would otherwise not have the resources necessary to investigate complex neural networks that require substantial compute resources and publish works that advance the field of AI safety.

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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 $5,000

Program Service Revenue $54,716

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $471,317

Other Expenses $471,317

TOTAL EXPENSES $471,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,716	$1,443,540	-1.0%
Expenses	$471,317	$85,217	+4.5%
Net Income	$-411,601	$1,358,323	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shauna Kravec	President & CEO	5.00	Officer Director	$0	$0	$0
Nova DasSarma	Treasurer	5.00	Officer Director	$0	$0	$0
Tom Brown	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
2024	No data	No data	No data	No data
2023	$59,716	$471,317	$959,309	$-411,601
2022	$1,443,540	$85,217	$1,370,910	$1,358,323