IMEC USA NANOELECTRONICS DESIGN CE… - 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

2016

Legal Domicile

Phone

4077497817

Tax Period

2024-01-01 to 2024-12-31

IMEC USA NANOELECTRONICS DESIGN CENTER INC, founded in 2016, is a community nonprofit in the Science & Technology sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

IMEC USA NANOELECTRONICS DESIGN CENTER, INC. ("IMEC") IS A FLORIDA NOT FOR PROFIT CORPORATION. THE CORPORATION'S PAST, PRESENT, AND PLANNED ACTIVITIES INCLUDE CONDUCTING RESEARCH IN THE FIELD OF IMAGERS FOR WAVELENGTHS FROM 1MM TO 1 MICROMETER. THIS RESEARCH WILL BENEFIT MANY APPLICATIONS SUCH AS MEDICAL RESEARCH, INSPECTION, MACHINE VISION, ETC BY OFFERING INTEGRATION, SPEED AND LOWPOWER CONSUMPTION, SUITED FOR HIGH VOLUME CONSUMER APPLICATIONS AND HIGHEND SCIENTIFIC APPLICATIONS.

Program Service Accomplishments

Program 1

Expenses: $4,043,747 Revenue: $0

IMEC USA NANOELECTRONICS DESIGN CENTER, INC. ("IMEC") IS A FLORIDA NOT-FOR-PROFIT CORPORATION. THE CORPORATION IS TRANSITIONING FROM SPECIALTY IMAGING SYSTEM R&D TO SUPERCONDUCTING DIGITAL...

IMEC USA NANOELECTRONICS DESIGN CENTER, INC. ("IMEC") IS A FLORIDA NOT-FOR-PROFIT CORPORATION. THE CORPORATION IS TRANSITIONING FROM SPECIALTY IMAGING SYSTEM R&D TO SUPERCONDUCTING DIGITAL ELECTRONICS R&D. SUPERCONDUCTING WILL BENEFIT FUTURE COMPUTE INFRASTRUCTURE, NOTABLY FOR CLOUD COMPUTING. THE SUPERCONDUCTING ACTIVITIES ARE CARRIED OUT BY A GROWING TEAM OF RESEARCHERS UNDER OVERSIGHT OF A PROGRAM DIRECTOR WHO REPORTS TO THE GENERAL MANAGER.

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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 $5,744,600

Program Service Revenue $0

Investment Income $101,832

Other Revenue $0

TOTAL REVENUE $5,846,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,912,462

Fundraising Expenses $0

Program Expenses $4,043,747

Other Expenses $2,933,970

TOTAL EXPENSES $5,846,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,846,432	$3,877,834	+0.5%
Expenses	$5,846,432	$3,877,834	+0.5%
Net Income	$0	$0	N/A

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

N/A

Employees

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

$1,462,046

Total Directors

$961,117

Key Employees

$281,025

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FILIP MERCKX	DIRECTOR	2.0	Officer Director	$0	$0	$0
LUC VANDENHOVE	PRESIDENT	2.0	Officer Director	$0	$0	$0
MAX MIRGOLI	DIRECTOR	2.0	Officer Director	$0	$23,000	$961,117
RUDI CARTUYVELS	DIRECTOR	2.0	Officer Director	$0	$0	$0
RAJARO JAMMY	VP & GM	10.0	Officer	$0	$23,000	$500,929
ANNA HERR	SCIENTIFIC DIRECTOR	40.0	Key Emp	$268,180	$12,845	$281,025
ILAN SPILLINGER	CHIEF TECHNICAL OFFICER	40.0	Highest	$501,600	$17,250	$518,850
QUENTIN HERR	SCIENTIFIC DIRECTOR	40.0	Highest	$270,582	$13,529	$284,111
TRICIA HOFFINE	FINANCE MANAGER	40.0	Highest	$200,506	$8,449	$208,955
VEERLE REUMERS	HEAD OF HEALTH STRATEGY	40.0	Highest	$296,100	$14,805	$310,905

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
2024	$5,846,432	$5,846,432	$10,316,443	No data
2023	$3,877,834	$3,877,834	$7,747,787	No data
2022	$3,454,360	$3,454,360	$7,173,938	No data
2021	$5,398,938	$5,398,938	$7,792,291	No data
2020	$5,689,038	$5,689,038	$8,463,302	No data
2019	$5,602,116	$5,602,116	$9,511,711	No data
2018	$4,180,919	$4,180,919	$6,304,889	No data

IMEC USA NANOELECTRONICS DESIGN CENTER INC