Defi First Improving Code Security

EIN: 922633494 501(c)(3) Science & Technology

Seattle, WA

Total Revenue
$407,953
Total Expenses
$552,384
Total Assets
$71,425
Net Assets
$-220,052
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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
2023
Legal Domicile
CA
Principal Officer
Amit Sassi
Phone
4082631040
Tax Period
2024-01-01 to 2024-12-31

Defi First Improving Code Security, founded in 2023, is a small nonprofit in the Science & Technology sector that reported $408K in total revenue in fiscal year 2024. Expenses of $552K exceeded revenue, resulting in a 35% operating deficit.

Mission

AN EDUCATIONAL ORGANIZATION FOCUSED ON USING CONFERENCES, WEBINARS, TRAINING AND OTHER EDUCATIONAL MATERIALS TO IMPROVE THE SECURITY AND RELIABILITY OF DECENTRALIZED APPLICATION ON TOP OF BLOCK CHAIN TECHNOLOGY.

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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 $407,953
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $407,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $490,724
Other Expenses $552,384
TOTAL EXPENSES $552,384

Year-over-Year Comparison

2024 2023 Change
Revenue $407,953 N/A N/A
Expenses $552,384 N/A N/A
Net Income $-144,431 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOOLY SAGIV PRESIDENT 0.0
Officer Director
$0 $0 $0
BYRON GIBSON DIRECTOR 0.0
Director
$0 $0 $0
CURTIS SPENCER DIRECTOR 0.0
Director
$0 $0 $0
LORI BLONN SECRETARY 0.0
Officer
$0 $0 $0
AMIT SASSI TREASURER 0.0
Officer
$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 $407,953 $552,384 $71,425 $-144,431
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