MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER (EIN 200208597) - 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

2003

Legal Domicile

Principal Officer

WILLIAM B GOODE

Phone

3045417640

Tax Period

2023-01-01 to 2023-12-31

MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER, founded in 2003, is a micro nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 107% from the prior year — a significant decline worth monitoring.

Mission

CHARITABLE, SCIENTIFIC, AND EDUCATIONAL RESEARCH AND ECONOMIC 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-1,141,612

Other Revenue $0

TOTAL REVENUE $-1,141,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,998

Other Expenses $4,992

TOTAL EXPENSES $4,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-1,141,612	$16,458,293	-1.1%
Expenses	$4,992	$15,824,334	-1.0%
Net Income	$-1,146,604	$633,959	-2.8%

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
WILLIAM B GOODE	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN M WOOMER	TREASURER	1.00	Officer Director	$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	No data	No data	No data	No data
2023	$-1,141,612	$4,992	$3,109,570	$-1,146,604
2022	$16,458,293	$15,824,334	$8,158,345	$633,959
2021	$16,274,831	$15,059,633	$5,287,778	$1,215,198
2020	$13,785,560	$13,864,218	$6,385,617	$-78,658
2019	$14,865,097	$14,585,333	$5,518,587	$279,764
2018	$13,553,958	$13,893,716	$5,209,461	$-339,758

MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER