TERRASET (EIN 881122351) - 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

2022

Legal Domicile

Principal Officer

ALEX ROETTER

Phone

4156249320

Tax Period

2023-01-01 to 2023-12-31

TERRASET, founded in 2022, is a small nonprofit in the Environment sector that reported $995K in total revenue in fiscal year 2023. Revenue surged 543% from the prior year, signaling strong growth momentum. The organization ran a surplus of $473K, a strong 47% operating margin.

Mission

TERRASET IS A 501(C)(3) THAT USES PHILANTHROPIC CAPITAL TO PURCHASE PERMANENT, HIGH-QUALITY CARBON REMOVAL. WE POOL TAX-DEDUCTIBLE DONATIONS FROM INDIVIDUALS, FOUNDATIONS, FAMILY OFFICES, AND DONOR ADVISED FUNDS, AND MAKE STRATEGIC PURCHASES OF PERMANENT, HIGH-QUALITY CARBON REMOVAL FROM INNOVATIVE PROJECTS AND COMPANIES.

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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 $995,334

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $995,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,521

Fundraising Expenses $99,912

Program Expenses $400,787

Other Expenses $356,261

TOTAL EXPENSES $522,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$995,334	$154,870	+5.4%
Expenses	$522,782	$58,304	+8.0%
Net Income	$472,552	$96,566	+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

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

$154,746

Total Directors

$35,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERZSI SOUSA	INT DIR THR: 9/23, SECR FR: 10/23	10.00	Officer Director	$35,600	$0	$35,600
JEREMY GINSBERG	SECRETARY THR: 9/23	1.00	Officer Director	$0	$0	$0
ALEX ROETTER	FOUNDER AND CHAIR	5.00	Officer Director	$0	$0	$0
ADAM SMITH	TREASURER THR: 9/23	1.00	Officer Director	$0	$0	$0
CHRIS WEDDING	CO-FNDR THR: 9/23, TREAS FR: 10/23	5.00	Officer Director	$0	$0	$0
ADAM FRASER	CEO AND PRESIDENT	40.00	Officer	$115,911	$3,235	$119,146

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	$995,334	$522,782	$569,118	$472,552

TERRASET