PICATINNY TECHNOLOGY INNOVATION CENTER (EIN 223443152) - 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

1996

Legal Domicile

Principal Officer

DR ANTHONY IACONO

Phone

9733285000

Tax Period

2019-07-01 to 2020-06-30

PICATINNY TECHNOLOGY INNOVATION CENTER, founded in 1996, is a micro nonprofit that reported $9K in total revenue in fiscal year 2019. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 2981% operating deficit.

Mission

TO ASSIST THE U.S. ARMY'S ARMAMENT RESEARCH, DEVELOPMENT AND ENGINEERING CENTER AND THE COUNTY COLLEGE OF MORRIS TO FACILITATE THE TRANSFER OF ARDEC TECHNOLOGY TO PRIVATE SECTOR ORGANIZATIONS THROUGH THE USE OF A TECHNOLOGY CENTER.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,337

Investment Income $2,623

Other Revenue $0

TOTAL REVENUE $8,960

Expense Breakdown

Grants Paid $188,748

Salaries & Benefits $82,415

Fundraising Expenses $0

Program Expenses $265,118

Other Expenses $4,858

TOTAL EXPENSES $276,021

Year-over-Year Comparison

	2019	2018	Change
Revenue	$8,960	$224,808	-1.0%
Expenses	$276,021	$278,255	0.0%
Net Income	$-267,061	$-53,447	+4.0%

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

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

$262,048

Total Directors

$356,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD GOLDBERG	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN HUNSCHER	TRUSTEE	2.00	Director	$0	$0	$0
GARY MULCAHY	TRUSTEE	2.00	Director	$0	$0	$0
STANLEY STEVINSON	TRUSTEE	2.00	Director	$0	$0	$0
DR ANTHONY IACONO	BOARD CHAIR	2.00	Officer Director	$0	$52,305	$262,048
ANN GROSSI	TRUSTEE	2.00	Director	$0	$0	$0
PAUL LICITRA	TRUSTEE	2.00	Director	$0	$0	$0
DEAN STRAWN	TRUSTEE	2.00	Director	$0	$0	$0
FREEHOLDER HEATHER DARLING	TRUSTEE	2.00	Director	$0	$0	$0
FREEHOLDER THOMAS MASTRANGELO	TRUSTEE	2.00	Director	$0	$0	$0
MARK MERCLEAN	EXECUTIVE DIRECTOR	35.00	Director	$87,384	$6,706	$94,090

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
2020	$8,960	$276,021	No data	$-267,061
2019	$224,808	$278,255	$280,037	$-53,447
2018	$239,066	$276,351	$339,087	$-37,285

PICATINNY TECHNOLOGY INNOVATION CENTER