CENTER FOR TECHNOLOGY & INNOVATION INC (EIN 161482563) - 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

1994

Legal Domicile

Phone

6077238600

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR TECHNOLOGY & INNOVATION INC, founded in 1994, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $83K in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 15% operating margin.

Mission

Document and present in context the inventions and industrial innovations of New York's Southern Tier. Showcase Upstate NY innovations - past and present, for the future.

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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 $80,872

Program Service Revenue $2,391

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,099

Fundraising Expenses $0

Program Expenses $21,822

Other Expenses $59,468

TOTAL EXPENSES $70,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,263	$35,089	+1.4%
Expenses	$70,567	$88,986	-0.2%
Net Income	$12,696	$-53,897	-1.2%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

125

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

$11,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Sherwood	Executive Director	25	Officer	$11,099	$0	$11,099
Erik Antonsson	Board Member	0.5	Officer	$0	$0	$0
Frank Cardullo	Board Member	0.5	Officer	$0	$0	$0
Farouk El-baz	Board Member	0.5	Officer	$0	$0	$0
Frank Hughes	Board Member	0.5	Officer	$0	$0	$0
Kenneth Mansfield	Board Member	0.5	Officer	$0	$0	$0
Emily V Wade	Board Member	0.5	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	$83,263	$70,567	$1,336,632	$12,696
2023	$35,089	$88,986	$1,374,472	$-53,897
2022	$125,172	$83,162	$1,426,076	$42,010
2021	$172,633	$76,205	$1,389,279	$96,428
2020	$82,978	$53,167	$1,279,365	$29,811
2020	$82,978	$53,167	$1,279,365	$29,811

CENTER FOR TECHNOLOGY & INNOVATION INC