CONCURRENT TECHNOLOGIES CORPORATION (EIN 251556708) - 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

1987

Legal Domicile

Principal Officer

Edward J Sheehan Jr

Phone

8002824392

Tax Period

2023-07-01 to 2024-06-30

CONCURRENT TECHNOLOGIES CORPORATION, founded in 1987, is a major nonprofit in the Science & Technology sector that reported $103.0M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $96.5M left a modest 6% surplus.

Mission

On occasion, CTC will afford its officers and key employees certain benefits such as travel/meals for companions. For the calendar year ended 2023, these benefits amounted to $610.

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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 $95,111,042

Program Service Revenue $6,994,683

Investment Income $881,268

Other Revenue $0

TOTAL REVENUE $102,986,993

Expense Breakdown

Grants Paid $171,003

Salaries & Benefits $52,467,096

Fundraising Expenses $1,117,858

Program Expenses $83,826,122

Other Expenses $43,909,791

TOTAL EXPENSES $96,547,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,986,993	$85,160,637	+0.2%
Expenses	$96,547,890	$82,365,218	+0.2%
Net Income	$6,439,103	$2,795,419	+1.3%

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

436

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

$2,368,753

Total Directors

$939,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward J Sheehan Jr	Board Member/President/CEO	40.00	Officer Director	$617,297	$25,253	$642,550
Honorable Jeffrey K Harris	Board Chairman	2.00	Director	$42,124	$0	$42,124
Gary C Slack	Board Vice-Chair	2.00	Director	$32,722	$0	$32,722
Dale Mosier	Board Member	1.00	Director	$34,810	$0	$34,810
Camile M Nichols	Board Member	1.00	Director	$32,513	$0	$32,513
Joseph L Yakovac	Board Member	1.00	Director	$30,013	$0	$30,013
Sean P Roche	Board Member	1.00	Director	$32,513	$0	$32,513
Dawn R Eilenberger	Board Member	1.00	Director	$32,513	$0	$32,513
Daniel T Perkins	Board Member	1.00	Director	$30,013	$0	$30,013
Linda Thomson	Board Member	1.00	Director	$30,013	$0	$30,013
George W Appley	Executive Vice Pres/COO	40.00	Officer	$493,337	$25,118	$518,455
John E Klein	Vice Pres/CFO/Treasurer	40.00	Officer	$274,274	$26,752	$301,026
Robert W Kubler	Vice Pres, Readiness Div	40.00	Officer	$294,748	$14,163	$308,911
Timothy S Tibbits	Vice Pres, Engineering Div	40.00	Officer	$282,218	$12,370	$294,588
Sharon L Paterson	Executive Officer/Secretary	40.00	Officer	$136,588	$10,824	$147,412
Robert A Johnson thru 062024	Former Secretary	1.00	Officer	$0	$0	$0
Mark G Lohr	Assistant Secretary	40.00	Officer	$144,297	$11,514	$155,811
John C Bartholomew	Chief Ethics & Compliance Ofcr	40.00	Highest	$268,290	$11,113	$279,403
Alan W Briggs	Sr Dir, CDS Prg Lead	40.00	Highest	$250,874	$9,544	$260,418
Kevin M Pudliner	Executive Director	40.00	Highest	$242,850	$24,149	$266,999
Susan B Van Scoyoc	Executive Director	40.00	Highest	$224,410	$28,368	$252,778
Mark T Soyka	Advisor Information Tech	40.00	Highest	$213,233	$29,801	$243,034

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	No data	No data	No data	No data
2024	$102,986,993	$96,547,890	$86,368,099	$6,439,103
2023	$85,160,637	$82,365,218	$73,411,767	$2,795,419
2022	$78,818,020	$75,077,916	$66,623,628	$3,740,104
2021	$70,225,854	$68,533,453	$70,686,577	$1,692,401
2020	$64,706,883	$61,674,786	$62,567,202	$3,032,097
2019	$65,718,951	$65,211,291	$61,835,201	$507,660

CONCURRENT TECHNOLOGIES CORPORATION