OCTANE FOUNDATION FOR INNOVATION (EIN 900176361) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

WILLIAM CARPOU

Phone

9494593366

Tax Period

2023-01-01 to 2023-12-31

OCTANE FOUNDATION FOR INNOVATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE OCTANE FOUNDATION FOR INNOVATION (OFI) IS FOCUSED ON ADVANCING BIOMEDICAL AND INFORMATION TECHNOLOGY INNOVATION AND ENTREPRENEURSHIP WITHIN ORANGE COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,110,270

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,110,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $601,546

Fundraising Expenses $0

Program Expenses $1,368,573

Other Expenses $830,363

TOTAL EXPENSES $1,431,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,110,270	$1,059,886	+0.0%
Expenses	$1,431,909	$1,294,568	+0.1%
Net Income	$-321,639	$-234,682	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

301

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

$743,788

Total Directors

$411,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CARPOU	EXECUTIVE DIRECTOR	4.00	Officer Director	$0	$21,856	$411,717
ANDREW GUARNI	BOARD MEMBER UNTIL 05/23	0.50	Director	$0	$0	$0
BOB JACOBSON	BOARD MEMBER	0.50	Director	$0	$0	$0
BRETT WALL	BOARD MEMBER	0.50	Director	$0	$0	$0
BRUCE FEUCHTER	BOARD MEMBER	0.50	Director	$0	$0	$0
BRUCE HALLETT	BOARD MEMBER	0.50	Director	$0	$0	$0
CARRIE STROM	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAY WILEMON	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID MOATAZEDI	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID ZOLLINGER	BOARD MEMBER UNTIL 05/23	0.50	Director	$0	$0	$0
DOMINIQUE WORTHINGTON	BOARD MEMBER	0.50	Director	$0	$0	$0
EMILE HADDAD	BOARD MEMBER	0.50	Director	$0	$0	$0
GORAN MATIJASEVIC	BOARD MEMBER	0.50	Director	$0	$0	$0
HALEH ARMIAN	BOARD MEMBER	0.50	Director	$0	$0	$0
IAN WILLIAMSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JAG DOSANJH	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON LANTGEN	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER LEUER	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM MAZZO	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN CASALASPI	BOARD MEMBER UNTIL 09/23	0.50	Director	$0	$0	$0
LINDA DIMARIO	BOARD MEMBER	0.50	Director	$0	$0	$0
MARINELA GOMBOSEV	BOARD MEMBER	0.50	Director	$0	$0	$0
NEIL SAHOTA	BOARD MEMBER	0.50	Director	$0	$0	$0
RUSS GARCIA	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT WHITCUP	BOARD MEMBER	0.50	Director	$0	$0	$0
SEAN CRAFTS	BOARD MEMBER	0.50	Director	$0	$0	$0
SHERYL BOURGEOIS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVEN LITCHFIELD	BOARD MEMBER UNTIL 05/23	0.50	Director	$0	$0	$0
JANELLE BRUNETTE	CHIEF OPERATING OFFICER	6.00	Officer	$0	$10,630	$332,071
ZEESHAN SUBZWARI	MANAGING DIRECTOR	39.50	Highest	$257,744	$5,751	$263,495

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	$1,110,270	$1,431,909	$1,945,323	$-321,639
2022	$1,059,886	$1,294,568	$1,259,116	$-234,682
2021	$664,685	$822,792	$1,182,255	$-158,107
2020	$677,631	$732,457	$1,068,943	$-54,826
2019	$664,103	$901,356	$1,306,481	$-237,253
2018	$546,849	$405,085	$943,754	$141,764

OCTANE FOUNDATION FOR INNOVATION