GIRVAN INSTITUTE OF TECHNOLOGY

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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

2002

Legal Domicile

Principal Officer

DERRICK COLEMAN

Phone

4242771650

Tax Period

2017-07-01 to 2018-06-30

GIRVAN INSTITUTE OF TECHNOLOGY, founded in 2002, is a micro nonprofit that reported $95K in total revenue in fiscal year 2017. Revenue fell 55% from the prior year — a significant decline worth monitoring. Net assets of $484K represent 61 months of operating reserves.

Mission

THE INSTITUTE WORKS TO FORSTER AND SUPPORT A) THE TRANSFER OF TECHNOLOGY FROM THE NATION'S R&D ORGANIZATIONS TO THE COMMERCIAL INDUSTRIAL SECTOR, ESPECIALLY TO THE COMMUNITY OF EARLY-STAGE HIGH-TECH COMPANIES, AND B) THE COMMERCIALIZATION OF TECHNOLOGIES THAT HAVE BEEN TRANSFERRED IN THIS PROCESS.

Program Service Accomplishments

Program 1

Expenses: $73,950

DURING THE REPORTING PERIOD, THE INSTITUTE WORKED WITH ONE COMPANY TO COMMERCIALIZE A TECHNOLOGY LICENSED FROM A DOE LABORATORY.

Program 2

Expenses: $5,607

Further to facilitate the development of the nation's high-technology enterprise, the institute works to jump start high-tech companies. The main activity of the institute in this effort is our...

Further to facilitate the development of the nation's high-technology enterprise, the institute works to jump start high-tech companies. The main activity of the institute in this effort is our "business venture accelerator" under which the institute operates and "incubator" for such companies.During the reporting period, the institute worked with one company to support its growth.

Program 3

Expenses: $3,386

The institute also works to provide hands-on education and training for future entrepreneurs, especially interns who are college and university students.During the reporting period, the institute...

The institute also works to provide hands-on education and training for future entrepreneurs, especially interns who are college and university students.During the reporting period, the institute engaged no interns.

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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 (2017)

Revenue Breakdown

Contributions & Grants $2,483

Program Service Revenue $92,448

Investment Income $1

Other Revenue $0

TOTAL REVENUE $94,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,508

Fundraising Expenses $0

Program Expenses $82,943

Other Expenses $26,728

TOTAL EXPENSES $98,236

Year-over-Year Comparison

	2017	2016	Change
Revenue	$94,932	$212,644	-0.6%
Expenses	$98,236	$99,005	0.0%
Net Income	$-3,304	$113,639	-1.0%

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

$76,400

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL COLEMAN	Director	10.00	Officer Director	$5,000	$0	$5,000
ROY DOUMANI	Director	1.00	Director	$0	$0	$0
HENRY MCDONALD	Director	1.00	Director	$0	$0	$0
CRAIG COLEMAN	CEO	2.00	Director	$0	$0	$0
DERRICK COLEMAN	CFO	5.00	Director	$0	$0	$0
YAYUN ZHOU	PROJECT MANAGER	40.00	Officer	$71,400	$0	$71,400

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
2018	$94,932	$98,236	$507,937	$-3,304