TECHNOVATION (EIN 208386654) - 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

2006

Legal Domicile

Principal Officer

TARA CHKLOVSKI

Phone

2137464453

Tax Period

2024-01-01 to 2024-12-31

TECHNOVATION, founded in 2006, is a community nonprofit in the Science & Technology sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 14% surplus.

Mission

EMPOWER GIRLS AND FAMILIES TO IDENTIFY COMMUNITY PROBLEMS AND CREATE TECH & ENGINEERING SOLUTIONS.

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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 $5,585,761

Program Service Revenue $10,350

Investment Income $145

Other Revenue $0

TOTAL REVENUE $5,596,256

Expense Breakdown

Grants Paid $398,444

Salaries & Benefits $3,480,238

Fundraising Expenses $592,354

Program Expenses $3,783,091

Other Expenses $955,499

TOTAL EXPENSES $4,834,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,596,256	$4,192,849	+0.3%
Expenses	$4,834,181	$4,569,601	+0.1%
Net Income	$762,075	$-376,752	-3.0%

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

Volunteers

6747

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

$276,591

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA CHKLOVSKI	FOUNDER/CEO	40.00	Officer	$158,698	$8,572	$167,270
DEBORAH BOYER	COO	40.00	Officer	$103,068	$6,253	$109,321
KATE PARKER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SONYA PARK	VICE BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER KNIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
ANN WEEBY	DIRECTOR	1.00	Director	$0	$0	$0
MUKUL AGGARWAL	DIRECTOR	1.00	Director	$0	$0	$0
SANA KHAREGHANI	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA KUNG	DIRECTOR	1.00	Director	$0	$0	$0
BIRTE HOEHNE MAHYERA	DIRECTOR	1.00	Director	$0	$0	$0
ADELIA CURITS DUARTE	DIRECTOR	1.00	Director	$0	$0	$0
ALIKI SOFIS	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELA BURIAN	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA MANCHENO	DIRECTOR	1.00	Director	$0	$0	$0
SEPEHR MOGHADAM	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MCDONOUGH	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA HERSCHMANN	DIRECTOR	1.00	Director	$0	$0	$0
KAYVAN SHAHABI	DIRECTOR	1.00	Director	$0	$0	$0
GAURI MANGLIK	DIRECTOR	1.00	Director	$0	$0	$0
BERENICE THOMASSINY VILLAURRUTIA	CHIEF BRAND OFFICER	40.00	Highest	$130,410	$0	$130,410
KAREN LANG	CURRICULUM DEVELOPER	40.00	Highest	$104,206	$5,638	$109,844

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	$5,596,256	$4,834,181	$4,243,699	$762,075
2023	$4,192,849	$4,569,601	$2,557,044	$-376,752
2022	$3,140,037	$3,382,253	$2,890,044	$-242,216
2021	$3,683,772	$2,921,177	$3,118,299	$762,595
2020	$2,256,472	$2,782,858	$2,329,514	$-526,386
2018	$3,993,687	$3,784,420	$2,269,067	$209,267

TECHNOVATION