EXPERIMENT FOUNDATION

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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

Principal Officer

DAVID LANG

Phone

4157638274

Tax Period

2024-01-01 to 2024-12-31

EXPERIMENT FOUNDATION, founded in 2023, is a small nonprofit in the Science & Technology sector that reported $480K in total revenue in fiscal year 2024. The organization ran a surplus of $470K, a strong 98% operating margin.

Mission

THE EXPERIMENT FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO REIMAGINING HOW SCIENCE IS FUNDED AND WHO GETS TO PARTICIPATE. THROUGH PARTNERSHIPS WITH PHILANTHROPIES, FEDERAL AGENCIES, AND COMPANIES, THE FOUNDATION FACILITATES INNOVATIVE GRANTMAKING MODELS-INCLUDING CHALLENGE GRANTS AND PATRONAGE PROGRAMS SUPPORTING INDEPENDENT RESEARCHERS AND NOVEL SCIENTIFIC IDEAS, THE EXPERIMENT FOUNDATION HELPS UNLOCK SCIENTIFIC CREATIVITY AND BUILDS NEW PATHWAYS FOR PUBLIC ENGAGEMENT IN SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $9,062

IN 2024, MOST FUNDING ACTIVITIES WERE CONDUCTED THROUGH THE EXPERIMENT FOUNDATION'S FORMER FISCAL SPONSOR. DURING THIS TRANSITION YEAR, THE FOUNDATION FOCUSED ON ORGANIZATIONAL DEVELOPMENT...

IN 2024, MOST FUNDING ACTIVITIES WERE CONDUCTED THROUGH THE EXPERIMENT FOUNDATION'S FORMER FISCAL SPONSOR. DURING THIS TRANSITION YEAR, THE FOUNDATION FOCUSED ON ORGANIZATIONAL DEVELOPMENT, FUNDRAISING, AND ESTABLISHING ITS INDEPENDENT OPERATIONS. DESPITE OPERATING WITH A SMALL PART-TIME TEAM, WE MADE MEANINGFUL PROGRESS ACROSS OUR CORE PROGRAM AREAS.SCIENCE ANGEL PROGRAM OUR FLAGSHIP INITIATIVE, THE SCIENCE ANGEL PROGRAM, EMPOWERS SUBJECT MATTER EXPERTS TO IDENTIFY AND SUPPORT EARLY-STAGE SCIENTIFIC PROJECTS. IN 2024, WE SUPPORTED MORE SCIENCE ANGEL CATEGORIES ACROSS DOMAINS SUCH AS CONSERVATION BIOTECH, OCEAN SENSORS, AND COMMUNITY BIOLOGY. THESE PROGRAMS PROVIDED CATALYTIC GRANTS TO EARLY-STAGE RESEARCH PROJECTS.GREENHOUSE GAS REMOVAL IDEATION PRIZE A MAJOR INITIATIVE IN 2024 WAS RUNNING THE GHG REMOVAL IDEATION PRIZE. THIS PRIZE UNIQUELY FOCUSED ON ADVANCING MANY PROMISING EARLY-STAGE IDEAS. WE AWARDED OVER 60 GRANTS AND PRIZES TO INDIVIDUALS AND TEAMS IN THIS PROGRAM ALONE.THROUGHOUT THE YEAR, THE FOUNDATION ALSO BEGAN PUBLISHING INSIGHTS FROM OUR WORK TO INFORM BROADER SCIENCE FUNDING PRACTICES AND LAUNCHED A SUCCESSFUL FUNDRAISING CAMPAIGN THAT CULMINATED IN OUR FIRST GENERAL OPERATING GRANT, POSITIONING US FOR FURTHER IMPACT IN 2025.

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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 $479,840

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $479,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,587

Fundraising Expenses $0

Program Expenses $9,062

Other Expenses $2,824

TOTAL EXPENSES $9,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,846	N/A	N/A
Expenses	$9,411	N/A	N/A
Net Income	$470,435	$0	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

Employees

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LANG	PRESIDENT	40.00	Officer Director	$0	$0	$0
RACHEL KROPA	TREASURER	3.00	Officer Director	$0	$0	$0
PAUL KEOLU FOX	SECRETARY	2.00	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	$479,846	$9,411	$470,435	$470,435