CTC FOUNDATION

EIN: 251811888 501(c)(3)

JOHNSTOWN, PA

Total Revenue
$102,581
Total Expenses
$141,958
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
PA
Principal Officer
Edward J Sheehan Jr
Phone
8142692459
Tax Period
2021-07-01 to 2022-06-17

CTC FOUNDATION, founded in 1998, is a small nonprofit that reported $103K in total revenue in fiscal year 2021. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 38% operating deficit.

Mission

The Foundation's objective is to draw expertise and multi-faceted capabilities to tangibly enhance the lives of people. The Foundation meets this goal by engaging individual and institutional donors to help advance the development and application of innovative, technological and humanistic principles to enhance economic progress and the quality of life. From an independent platform, the Foundation is dedicated to developing solutions to regional and national challenges by: -Advancing education, health care and workforce training; -Matching emerging technologies to the needs of industry; -Developing alliances dedicated to sound economic development; -Benchmarking and disseminating best practices; and -Providing innovative strategies to fund and transition effective solutions. To meet these challenges, the Foundation utilizes the competencies of Concurrent Technologies Corporation (CTC), academia and other institutions. The Foundation also serves as the philanthropic arm of CTC.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $102,581
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $102,581

Expense Breakdown

Grants Paid $122,284
Salaries & Benefits $8,340
Fundraising Expenses $1,251
Program Expenses $126,453
Other Expenses $11,334
TOTAL EXPENSES $141,958

Year-over-Year Comparison

2021 2020 Change
Revenue $102,581 $149,073 -0.3%
Expenses $141,958 $156,801 -0.1%
Net Income $-39,377 $-7,728 +4.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
1
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
4
$823,952
Total Directors
4
$667,159
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward J Sheehan Jr Vice-Chair/President 0.20
Officer Director
$0 $25,653 $648,812
Conway B Jones Chairman 0.20
Officer Director
$0 $0 $18,347
Mike Kane Director 0.20
Director
$0 $0 $0
Robert A Johnson Esq Secretary/Director 0.20
Officer Director
$0 $0 $0
Jo A O'Saben Treasurer 0.20
Officer
$0 $19,328 $156,793
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
2022 $102,581 $141,958 No data $-39,377
2021 $149,073 $156,801 $8,775 $-7,728
2020 $148,472 $199,238 $4,953 $-50,766
2019 $161,989 $218,583 $12,977 $-56,594
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