SLATER TECHNOLOGY FUND INC (EIN 061493673) - 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

1997

Legal Domicile

Principal Officer

THORNE SPARKMAN III

Phone

4018316633

Tax Period

2024-07-01 to 2025-06-30

SLATER TECHNOLOGY FUND INC, founded in 1997, is a community nonprofit in the Science & Technology sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $441K, a strong 15% operating margin.

Mission

TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE AREAS OF BIOMEDICAL AND INFORMATIONAL TECHNOLOGIES IN THE STATE OF RHODE ISLAND; AND TO SUPPORT JOB CREATION AND OTHER ECONOMIC ACTIVITY IN RHODE ISLAND BASED ON SUCH TECHNOLOGIES. SMALL BUSINESSES IN THE STATE OF RHODE ISLAND, OR INDIVIDUALS PLANNING TO FORM SUCH BUSINESSES, ARE ELIGIBLE TO APPLY FOR GRANT, EQUITY, AND LOAN AWARDS FROM THE FUND.

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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 $2,049,998

Program Service Revenue $485,128

Investment Income $504,295

Other Revenue $-146,413

TOTAL REVENUE $2,893,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,300

Fundraising Expenses $0

Program Expenses $2,192,556

Other Expenses $1,681,910

TOTAL EXPENSES $2,452,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,893,008	$2,355,091	+0.2%
Expenses	$2,452,210	$2,803,110	-0.1%
Net Income	$440,798	$-448,019	-2.0%

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

$589,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY LARSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT J MACCINI	TREASURER & SECRETARY (AS OF 9/24)	1.00	Officer Director	$0	$0	$0
CHRISTOPHER GRAHAM ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ALDEN ANDERSON JR	DIRECTOR	1.00	Director	$0	$0	$0
NANCY GRAY	DIRECTOR	1.00	Director	$0	$0	$0
DONALD L STANFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAYNE M DONEGAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KIMANI TOUSAINT	DIRECTOR (AS OF 12/24)	1.00	Director	$0	$0	$0
BETHANY D JENKINS	DIRECTOR (AS OF 3/25)	1.00	Director	$0	$0	$0
CHRISTOPHER MULVANEY	CFO	5.00	Officer	$0	$0	$0
ROBERT CHATHAM	VICE PRESIDENT	40.00	Officer	$212,048	$28,604	$240,652
THORNE SPARKMAN III	PRESIDENT/MANAGING DIRECTO	40.00	Officer	$292,231	$57,096	$349,327

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
2025	$2,893,008	$2,452,210	$15,299,520	$440,798
2024	$2,355,091	$2,803,110	$14,619,182	$-448,019
2023	$818,045	$2,374,576	$14,231,172	$-1,556,531
2022	$2,092,918	$2,676,631	$15,915,303	$-583,713
2022	$2,092,918	$2,676,631	$15,915,303	$-583,713
2021	$8,003,295	$3,583,334	$16,390,332	$4,419,961
2020	$3,329,564	$2,371,775	$11,858,470	$957,789
2019	$2,236,465	$1,074,628	$10,928,387	$1,161,837
2018	$2,243,077	$1,683,386	$9,989,684	$559,691

SLATER TECHNOLOGY FUND INC