PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
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 PLANNING TO FORM SUCH BUSINESSES, ARE ELIGIBLE TO APPLY FOR GRANT, EQUITY, AND LOAN AWARDS FROM THE FUND.
TECHNOLOGY DEVELOPMENT LOANS - AWARDED LOANS TO SIX (6) R.I. COMPANIES IN ORDER TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE BIOMEDICAL TECHNOLOGY, INFORMATION TECHNOLOGY, AND ENERGY...
TECHNOLOGY DEVELOPMENT LOANS - AWARDED LOANS TO SIX (6) R.I. COMPANIES IN ORDER TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE BIOMEDICAL TECHNOLOGY, INFORMATION TECHNOLOGY, AND ENERGY INDUSTRIES.
VENTURE SUPPORT - PROVIDED TECHNICAL, BUSINESS DEVELOPMENT ASSISTANCE, AND PUBLIC RELATIONS TO OVER SIXTY (60) QUALIFYING ENTITIES.
EQUITY INVESTMENTS IN QUALIFIED COMPANIES - INVESTED IN FIVE (5) R.I. QUALIFIED COMPANIES IN ORDER TO PROVIDE THEM WITH THE CAPITAL INFUSION NECESSARY TO INTRODUCE PRODUCTS IN RHODE ISLAND.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare SLATER TECHNOLOGY FUND INC with other nonprofits in Rhode Island and across the country.