TECHNICAL DEVELOPMENT CORPORATION (EIN 042441030) - 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

1968

Legal Domicile

Principal Officer

Elizabeth Cabral Curtis

Phone

6177289151

Tax Period

2023-01-01 to 2023-12-31

TECHNICAL DEVELOPMENT CORPORATION, founded in 1968, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.9M exceeded revenue, resulting in a 65% operating deficit.

Mission

Technical Development Corporation is a nonprofit consulting and research group dedicated to providing the nonprofit section with the business and management skills critical to operating effectively. TDC works with organizations, foundations and public agencies section across the nonprofit sector.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,299,540

Investment Income $47,701

Other Revenue $0

TOTAL REVENUE $2,347,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,889,332

Fundraising Expenses $19,875

Program Expenses $3,260,381

Other Expenses $987,169

TOTAL EXPENSES $3,876,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,347,241	$1,976,361	+0.2%
Expenses	$3,876,501	$3,606,222	+0.1%
Net Income	$-1,529,260	$-1,629,861	-0.1%

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

$585,195

Total Directors

$438,113

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Nelson	Treasurer	40	Officer Director	$205,093	$19,962	$225,055
Elizabeth Cabral Curtis	President	40	Officer Director	$192,407	$20,651	$213,058
Norah McVeigh	Vice President	40	Highest	$186,525	$17,298	$203,823
Marcelle L Hinand	Vice President	40	Highest	$189,925	$13,354	$203,279
Juliana S Koo	Vice President	40	Highest	$183,520	$17,500	$201,020
Ashley Berendt	Vice President	40	Highest	$136,546	$12,592	$149,138
Mary Plourde Pagliarulo	Clerk	40	Officer	$134,582	$12,500	$147,082
Adriane Musgrave	Consultant	40	Highest	$115,996	$9,321	$125,317
Hiram Samel	Board Chair	0.3	Director	$0	$0	$0
Marian Godfrey Gardner	Trustee	0.3	Officer	$0	$0	$0
John Henderson	Trustee	0	Officer	$0	$0	$0
Charles McDermott	Trustee	0.3	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	No data	No data	No data	No data
2023	$2,347,241	$3,876,501	$3,999,582	$-1,529,260
2022	$1,976,361	$3,606,222	$5,142,304	$-1,629,861
2021	$4,620,510	$2,774,850	$6,291,909	$1,845,660
2020	$4,514,934	$3,888,035	$3,614,028	$626,899
2019	$3,084,683	$3,220,489	$3,598,309	$-135,806
2018	$3,909,164	$3,192,031	$3,713,260	$717,133

TECHNICAL DEVELOPMENT CORPORATION