BENEFICIAL AI FOUNDATION

EIN: 884400777 501(c)(3) Science & Technology

WILMINGTON, DE

Total Revenue
$125,000
Total Expenses
$670,550
Total Assets
$720,808
Net Assets
$674,616
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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
DE
Principal Officer
MAX TEGMARK
Phone
7813338813
Tax Period
2024-01-01 to 2024-12-31

BENEFICIAL AI FOUNDATION, founded in 2022, is a small nonprofit in the Science & Technology sector that reported $125K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $671K exceeded revenue, resulting in a 436% operating deficit.

Mission

NON-PROFIT WORK TO HELP ENSURE THAT ARTIFICIAL INTELLIGENCE IS BENEFICIAL

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $125,000

Expense Breakdown

Grants Paid $360,265
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $579,010
Other Expenses $310,285
TOTAL EXPENSES $670,550

Year-over-Year Comparison

2024 2023 Change
Revenue $125,000 $1,865,000 -0.9%
Expenses $670,550 $644,009 +0.0%
Net Income $-545,550 $1,220,991 -1.4%
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

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Governance

Voting Members
2
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
2
$457,840
Total Directors
2
$457,840
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAX TEGMARK PRESIDENT AND TREASURER 2.00
Officer Director
$0 $0 $457,840
N/A SECRETARY 1.00
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
2024 $125,000 $670,550 $720,808 $-545,550
2023 $1,865,000 $644,009 $1,230,297 $1,220,991
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