BEN FRANKLIN TECHNOLOGY PTRS OF SE… - Form 990 Financial Data

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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

1988

Legal Domicile

Phone

2159726700

Tax Period

2024-07-01 to 2025-06-30

BEN FRANKLIN TECHNOLOGY PTRS OF SE PA, founded in 1988, is a mid-sized nonprofit in the Community Improvement sector that reported $15.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 40% operating margin.

Mission

BEN FRANKLIN LEADS THE REGION'S ECONOMIC DEVELOPMENT BY NURTURING AND INVESTING IN INNOVATIVE, EARLY-STAGE COMPANIES, AND PURPOSEFUL INVOLVEMENT IN RELEVANT REGIONAL AND NATIONAL INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $2,835,587 Revenue: $2,320,547

CAPITAL INVESTMENT, BUSINESS, AND TECHNICAL ASSISTANCE: BEN FRANKLIN SEEKS TO CREATE A THRIVING ECONOMY, POWERED BY TECHNOLOGY FOCUSED INNOVATION AND A SUPPORTIVE ECOSYSTEM FOR EARLY-STAGE COMPANIES. BEN FRANKLIN HAS SUPPORTED ENTREPRENEURS BY PROVIDING THE CAPITAL AND TECHNICAL EXPERTISE TO HELP THEM ACHIEVE THEIR VISIONS. BEN FRANKLIN PROVIDES EARLY-STAGE COMPANIES CUSTOMIZED, ONE-ON-ONE REAL-WORLD KNOWLEDGE IN PRODUCT DEVELOPMENT AND COMMERCIALIZATION, MARKETING, FUNDRAISING, ACCOUNTING, OPERATIONS, HUMAN RESOURCES, AND MORE, GIVING ACCESS TO ITS WIDE RANGE OF MENTORING, BUSINESS, AND TECHNOLOGY DEVELOPMENT SERVICES AND ITS EVER-EXPANDING NETWORK OF ADVISORS AND PARTNERS.

Program 2

Expenses: $1,562,203 Revenue: $0

TECHNOLOGY & ENTREPRENEURIAL INFRASTRUCTURE: BEN FRANKLIN IMPROVES THE REGION'S ECONOMY THROUGH THE DEVELOPMENT AND SUPPORT OF INFRASTRUCTURE FOR INNOVATION, INCLUDES WORK TO IDENTIFY AND GROW...

TECHNOLOGY & ENTREPRENEURIAL INFRASTRUCTURE: BEN FRANKLIN IMPROVES THE REGION'S ECONOMY THROUGH THE DEVELOPMENT AND SUPPORT OF INFRASTRUCTURE FOR INNOVATION, INCLUDES WORK TO IDENTIFY AND GROW REGIONAL RESOURCES THAT CATALYZE AND DEVELOP REGIONAL TECHNOLOGY ASSETS THAT CAN BECOME PLATFORMS FOR NEW ENTERPRISE GROWTH AND PROVIDE OPPORTUNITIES TO RETAIN AND ATTRACT TALENT. BEN FRANKLIN LEADS AND PARTNERS IN THE FORMATION OF UNIVERSITY-INDUSTRY COMMERCIALIZATION MODELS; IDENTIFIES AND SUPPORTS COMMERCIALIZATION ACCELERATION ENGAGEMENTS BETWEEN TECHNOLOGY DEVELOPMENT RESOURCES AND EMERGING ENTERPRISES; PROVIDES SUPPORT AND/OR MANAGES REGIONAL INCUBATORS AND ACCELERATORS; ENDORSES THE PUBLICATION OF CAPITAL AND TECHNOLOGY REPORTS; ENGAGES IN EFFORTS TO STIMULATE COMPANY FORMATION AMONG WOMEN AND MINORITIES; IS ACTIVE IN THE REGION'S IMPACT INVESTMENT COMMUNITY; AND PARTNERS TO CREATE AN ENVIRONMENT OF INFORMATION EXCHANGE AND INTERACTION VIA SEMINARS AND EVENTS.

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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 $5,676,723

Program Service Revenue $2,318,297

Investment Income $7,362,791

Other Revenue $177,098

TOTAL REVENUE $15,534,909

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $6,304,973

Fundraising Expenses $0

Program Expenses $4,397,790

Other Expenses $2,796,018

TOTAL EXPENSES $9,300,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,534,909	$12,750,140	+0.2%
Expenses	$9,300,991	$8,983,170	+0.0%
Net Income	$6,233,918	$3,766,970	+0.7%

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

$1,580,897

Total Directors

$492,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE DEVINE	VICE-CHAIR OF THE BOARD	2.0	Officer Director	$0	$0	$0
MINDY POSOFF	CORPORATE SECRETARY	2.0	Officer Director	$0	$0	$0
MR DOC PARGHI	VICE-CHAIR OF THE BOARD/INVEST	3.0	Officer Director	$0	$0	$0
ORIM GRAVES	CHAIR OF THE BOARD	3.0	Officer Director	$0	$0	$0
ROBERT CIARUFFOLI	CORPORATE TREASURER & FINANCE	2.0	Officer Director	$0	$0	$0
SCOTT NISSENBAUM	PRESIDENT AND CEO	50.0	Officer Director	$445,527	$46,640	$492,167
ALAN J COHN	DIRECTOR	1.0	Director	$0	$0	$0
AMI MIRON	DIRECTOR	1.0	Director	$0	$0	$0
AUDREY GREENBERG	DIRECTOR	1.0	Director	$0	$0	$0
ELAINA SHEKHTER	DIRECTOR	1.0	Director	$0	$0	$0
JAMES D NARRON	DIRECTOR	1.0	Director	$0	$0	$0
LEROY JONES	DIRECTOR	1.0	Director	$0	$0	$0
MARK REDLUS	DIRECTOR	1.0	Director	$0	$0	$0
MATTHEW CALLAHAN	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL PURCELL	DIRECTOR/AUDIT COMMITTEE CHAIR	2.0	Director	$0	$0	$0
NATE LENTZ	DIRECTOR	1.0	Director	$0	$0	$0
NICK WILKINSON	DIRECTOR/CORPORATE DEVELOPMENT CHAIR	1.0	Director	$0	$0	$0
SUSHMA RAJAGOPALAN	DIRECTOR	1.0	Director	$0	$0	$0
TIMOTHY REESE	DIRECTOR/GOVERNANCE COMMITTEE	2.0	Director	$0	$0	$0
TUCKER TWITMYER	DIRECTOR	1.0	Director	$0	$0	$0
VINCE ROGUSKY	DIRECTOR	1.0	Director	$0	$0	$0
DORTHEA CHRUPCALA	ASST CORP SECRETARY/CHIEF OF STAFF	35.0	Officer	$113,136	$35,516	$148,652
SANIAH M JOHNSON CPA	CFO/ASST CORPORATE TREASURER	50.0	Officer	$340,468	$216,795	$557,263
WILLIAM KIESLING	COO/GEN'L COUNSEL/ASST CORP SECRETARY	50.0	Officer	$339,071	$43,744	$382,815
ANTHONY GREEN	CHIEF SCIENTIFIC OFFICER	44.0	Highest	$277,647	$39,498	$317,145
ASTON WILLIAMS	INVESTMENT DIRECTOR	40.0	Highest	$204,688	$15,900	$220,588
KATHERINE JORDAN	MANAGING DIRECTOR, HEALTHCARE INVESTMENT	40.0	Highest	$261,850	$33,483	$295,333
MARGARET BRADLEY	VP STRATEGIC INITIATIVES	40.0	Highest	$245,318	$46,566	$291,884
OMAR MENCIN	MANAGING DIRECTOR, TECH INVESTMENT	40.0	Highest	$286,192	$20,350	$306,542

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
2025	$15,534,909	$9,300,991	$107,202,070	$6,233,918
2024	$12,750,140	$8,983,170	$99,126,229	$3,766,970
2023	$8,775,159	$12,726,984	$109,485,559	$-3,951,825
2022	$11,508,194	$7,322,549	$116,022,723	$4,185,645
2021	$9,362,495	$8,543,306	$114,107,980	$819,189
2020	$8,121,800	$9,650,579	$94,236,953	$-1,528,779
2019	$15,523,999	$7,713,891	$95,598,827	$7,810,108
2019	$15,523,999	$7,713,891	$95,598,827	$7,810,108

BEN FRANKLIN TECHNOLOGY PTRS OF SE PA