DOWNSTATE TECHNOLOGY CENTER INC (EIN 113600385) - 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

2000

Legal Domicile

Principal Officer

RICHARD MILLER

Phone

7182703176

Tax Period

2024-07-01 to 2025-06-30

DOWNSTATE TECHNOLOGY CENTER INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 13% surplus.

Mission

DOWNSTATE TECHNOLOGY CENTER, INC. (DTC) WAS FORMED TO PROVIDE AN ENVIRONMENT IN WHICH NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP SCIENTIFIC AND MEDICAL RESEARCH THAT CAN BE TRANSLATED INTO COMMERCIALLY VIABLE HIGH TECHNOLOGY PRODUCTS AND SERVICES AND/OR RENTAL SPACE IN INCUBATOR AND RESEARCH FACILITIES IN BROOKLYN, NEW YORK. TO ACCOMPLISH THIS, DTC HAS DESIGNED AND DEVELOPED AND CURRENTLY OPERATES STATE-OF-THE-ART INCUBATOR FACILITIES WHERE IT LEASES WET LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY AND OTHER LIFE SCIENCES COMPANIES TO CONDUCT CUTTING EDGE RESEARCH AND DEVELOPMENT.

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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 $125,000

Program Service Revenue $2,891,585

Investment Income $119,615

Other Revenue $7,264

TOTAL REVENUE $3,143,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,464,338

Other Expenses $2,719,337

TOTAL EXPENSES $2,719,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,143,464	$3,055,622	+0.0%
Expenses	$2,719,337	$2,479,138	+0.1%
Net Income	$424,127	$576,484	-0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN BARTOLOMEO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD MILLER PHD	TREASURER	1.00	Officer Director	$0	$0	$0
HEIDI ARONINMPA	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE RILEY MD MPHMBAMACP	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS QUERQUES	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HOCHMAN MBA	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY HWANG MBA	TRUSTEE	3.00	Director	$0	$0	$0
DAVID CHRISTINI PHD	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN M KAMINSKY PHD	TRUSTEE	1.00	Director	$0	$0	$0
A JEFFREY ROSEN MBA	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
FRANCI SCHARF	SECRETARY	1.00	Officer	$0	$0	$0
BLAKE A ADAIR-WHEELER MPA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
SAMUEL KIEL	PROGRAM MANAGER	40.00	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
2025	$3,143,464	$2,719,337	$5,373,652	$424,127
2024	$3,055,622	$2,479,138	$4,793,757	$576,484
2023	$2,713,773	$2,115,134	$4,034,760	$598,639
2022	$2,642,146	$2,134,330	$3,493,508	$507,816
2021	$2,271,383	$1,959,366	$3,152,319	$312,017
2020	$1,893,742	$1,717,001	$2,973,920	$176,741
2019	$2,528,930	$1,810,712	$2,532,324	$718,218
2018	$2,857,002	$1,669,848	$1,753,684	$1,187,154

DOWNSTATE TECHNOLOGY CENTER INC