HonestDeFi Inc (EIN 872710334) - 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

2021

Legal Domicile

Principal Officer

PHILIP HUANG

Tax Period

2022-01-01 to 2022-12-31

HonestDeFi Inc, founded in 2021, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $92K in total revenue in fiscal year 2022. Expenses of $134K exceeded revenue, resulting in a 46% operating deficit.

Mission

DeFiCon is a nonprofit conference with a mission to elevate the ethos of peer-to-peer crypto.

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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 (2022)

Revenue Breakdown

Contributions & Grants $91,930

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $91,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,788

Other Expenses $134,421

TOTAL EXPENSES $134,421

Year-over-Year Comparison

	2022	2021	Change
Revenue	$91,930	$91,930	N/A
Expenses	$134,421	$564,329	-0.8%
Net Income	$-42,491	$-472,399	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SCOTT	SECRETARY	10.00	Officer Director	$0	$0	$0
PHILIP HUANG	PRESIDENT	10.00	Officer 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
2022	$91,930	$134,421	$110,613	$-42,491
2021	$317,164	$167,622	$153,104	$149,542

HonestDeFi Inc