TECHNOLOGY ENTREPRENEUR CENTER INC

EIN: 141870269 501(c)(3) Community Improvement

ST LOUIS, MO

Total Revenue
$3,999,870
Total Expenses
$4,199,227
Total Assets
$13,689,156
Net Assets
$7,086,534
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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
2003
Legal Domicile
MO
Principal Officer
KEVIN WILSON
Phone
3142417500
Tax Period
2023-01-01 to 2023-12-31

TECHNOLOGY ENTREPRENEUR CENTER INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum.

Mission

TEC OPERATES TO SUPPORT TECHNOLOGY BASED ENTREPRENEURS IN THE ST. LOUIS REGION. TEC'S MAIN ACTIVITY IS OPERATING AN INCUBATOR WHICH PROVIDES SUBSIDIZED RENT TO STARTUP ENTREPRENEURS IN THEIR EARLIEST STAGE OF BUSINESS DEVELOPMENT.TEC DOES, ON OCCASSION, ALSO OFFER EDUCATIONAL PROGRAMS AND NETWORKING ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $3,949,646

PROVIDE SERVICES AND TECHNICAL ASSISTANCE TO START UP COMPANIES IN AREAS DESIGNATED AS "DISTRESSED" COMMUNITIES AND TO ASSIST THOSE COMPANIES IN HIRING RESIDENTS OF THE "DISTRESSED" COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,260,920
Program Service Revenue $0
Investment Income $5,069
Other Revenue $-266,119
TOTAL REVENUE $3,999,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $751,007
Fundraising Expenses $60,629
Program Expenses $3,949,646
Other Expenses $3,448,220
TOTAL EXPENSES $4,199,227

Year-over-Year Comparison

2023 2022 Change
Revenue $3,999,870 $1,719,886 +1.3%
Expenses $4,199,227 $2,272,191 +0.8%
Net Income $-199,357 $-552,305 -0.6%
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

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Governance

Voting Members
12
Independent Members
11
Employees
9
Volunteers
8

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
3
$196,135
Total Directors
12
$196,135
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIT BOND DIRECTOR 5.00
Director
$0 $0 $0
MICHELLE STUCKEY DIRECTOR 5.00
Director
$0 $0 $0
NEAL RICHARDSON DIRECTOR 5.00
Director
$0 $0 $0
SCOTT VEIT DIRECTOR 5.00
Director
$0 $0 $0
BRIAN MONHEISER DIRECTOR 5.00
Director
$0 $0 $0
MARK DONAVON DIRECTOR 5.00
Director
$0 $0 $0
JANET HOLLOWAY DIRECTOR 5.00
Director
$0 $0 $0
MARK SHOWERS DIRECTOR 5.00
Director
$0 $0 $0
STEPHEN GILLOTTE DIRECTOR 5.00
Director
$0 $0 $0
JEAN ROBERSON TREASURER 5.00
Officer Director
$0 $0 $0
KEVIN WILSON CHAIRMAN 5.00
Officer Director
$0 $0 $0
PATRICIA HAGEN PRESIDENT 40.00
Officer Director
$181,520 $14,615 $196,135
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 $3,999,870 $4,199,227 $13,689,156 $-199,357
2022 $1,719,886 $2,272,191 $14,599,291 $-552,305
2021 $1,740,629 $1,821,675 $14,793,185 $-81,046
2020 $1,579,320 $1,740,812 $14,364,759 $-161,492
2019 $6,597,534 $1,720,490 $14,598,798 $4,877,044
2018 $2,661,622 $3,821,152 $15,592,570 $-1,159,530
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