Web3 Working Group (EIN 882241795) - 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

Devon Read

Phone

6192616415

Tax Period

2022-05-03 to 2022-12-31

Web3 Working Group, founded in 2022, is a community nonprofit in the Science & Technology sector that reported $1.2M in total revenue in fiscal year 2022. The organization ran a surplus of $949K, a strong 79% operating margin.

Mission

The web3 movement is attempting to permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users.Web3 is a platform that enables fully decentralized applications.The Web3 Working Group is an organization that will attempt to further the growth and adoption of the web3 industry and the web3 movement.

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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 $1,200,105

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,200,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,026

Fundraising Expenses $0

Other Expenses $53,229

TOTAL EXPENSES $251,255

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,200,105	N/A	N/A
Expenses	$251,255	N/A	N/A
Net Income	$948,850	N/A	N/A

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

N/A

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

$148,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Oliveira	Co-Executive Di	40.00	Director	$106,667	$0	$106,667
Devon Read	Co-Executive Di	22.00	Director	$41,667	$0	$41,667
Sam Williams	President	0.00	Director	$0	$0	$0
Gangadharam Osuri	Secretary	0.00	Director	$0	$0	$0
Doug Petkanics	Treasurer	0.00	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
2022	$1,200,105	$251,255	$1,028,165	$948,850

Web3 Working Group