FOREGEN USA INC A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION (EIN 981006983) - 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

2010

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

FOREGEN USA INC A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION, founded in 2010, is a small nonprofit in the Diseases & Disorders sector that reported $323K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $291K left a modest 10% surplus.

Mission

FOREGEN WAS CREATED IN 2010 THANKS TO DONOR FUNDS. FOREGEN OPERATES IN THE UNITED STATES AND EUROPE. FOREGEN IS ALSO TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS HEADED BY A BOARD OF CHARITABLE DIRECTORS WITH PARTICIPANTS AND DONORS ACROSS BOTH CONTINENTS AND BEYOND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $309,515

Program Service Revenue $0

Investment Income $13,180

Other Revenue $0

TOTAL REVENUE $322,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,364

Other Expenses $290,525

TOTAL EXPENSES $290,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,695	$357,746	-0.1%
Expenses	$290,525	$161,182	+0.8%
Net Income	$32,170	$196,564	-0.8%

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

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

$13,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENZO AIELLO	PRESIDENT & CEO	20.00	Officer Director	$0	$0	$0
CARLO ALBERTO CIRIONI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
AIKO NOMURA	SECRETARY OF THE CORPORATI	20.00	Officer Director	$0	$0	$0
PETER W ADLER	DIRECTOR	20.00	Director	$13,784	$0	$13,784
NINO HOPE	TREASURER	20.00	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	$322,695	$290,525	$798,875	$32,170
2023	$357,746	$161,182	$766,705	$196,564
2022	$318,951	$307,661	$570,141	$11,290
2021	$586,345	$239,546	$558,851	$346,799

FOREGEN USA INC A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION