TECHSOLVE INC (EIN 311066383) - 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

1982

Legal Domicile

Principal Officer

DANIEL CATALANO

Phone

5139482000

Tax Period

2023-10-01 to 2024-09-30

TECHSOLVE INC, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 24% operating margin.

Mission

TECHSOLVE'S PURPOSE IS TO ENHANCE THE COMPETITIVENESS OF COMPANIES BY ACCELERATING THE IMPLEMENTATION OF TECHNOLOGY AND IMPROVING BUSINESS PRACTICES, DRAWING UPON RESOURCES OF INDUSTRY, ACADEMIA, AND GOVERNMENT. THE ORGANIZATION HAS SEPARATED ITS OPERATIONS INTO FOUR SPECIALTY AREAS TO HELP MANUFACTURERS. THESE AREAS INCLUDE MACHINING IMPROVEMENT SERVICES AND DEVELOPING PART MANUFACTURING SOLUTIONS, IMPROVING MANUFACTURING AND SUPPLY CHAIN PROCESSES, PROVIDING SOLUTIONS TO EXTRACT, LEVERAGE AND PROTECT DATA FROM FACTORY EQUIPMENT AND SYSTEMS, AND CYBERSECURITY CONSULTING SERVICES.

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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 $2,564,737

Program Service Revenue $1,222,220

Investment Income $2,002,697

Other Revenue $44,491

TOTAL REVENUE $5,834,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,709,661

Fundraising Expenses $0

Program Expenses $2,287,081

Other Expenses $1,708,965

TOTAL EXPENSES $4,418,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,834,145	$4,532,168	+0.3%
Expenses	$4,418,626	$5,399,497	-0.2%
Net Income	$1,415,519	$-867,329	-2.6%

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

$564,398

Total Directors

$564,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CATALANO	PRESIDENT/CEO (NON-VOTING)	49.00	Officer Director	$192,500	$17,312	$209,812
RADU PAVEL NON-VOTING	CTO/SECRETARY	40.00	Officer Director	$136,362	$15,916	$152,278
STEVE GILLOCK NON-VOTING	DIR. OF BA & CYBERSECURITY/SECRETARY	40.00	Officer Director	$182,555	$19,753	$202,308
BRIAN MCDONALD	TREASURER	1.00	Officer Director	$0	$0	$0
BARNEY BOSSE	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
MELISSA PARKS	1ST VICE CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
ANTHONY RATICA	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER HART	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
AMY MEYER	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
DR GUATAM PILLAY	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT ANDERSON	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
JIM KNEE	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS PHIP	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WHITTAKER	DIRECTOR - BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE BEBKO	SR PROJECT MANAGER	40.00	Highest	$136,587	$17,846	$154,433
JOE ANDERSON	SR CYBERSECURITY ANALYST	40.00	Highest	$131,166	$10,565	$141,731
ELIZABETH DAVIS	DIRECTOR, CLIENT EXPERIENCE	40.00	Highest	$107,369	$14,249	$121,618
MATTHEW MULLINIX	BUSINESS DEVELOPMENT MANAGER	40.00	Highest	$104,309	$11,265	$115,574

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	$5,834,145	$4,418,626	$7,938,348	$1,415,519
2023	$4,532,168	$5,399,497	$6,903,210	$-867,329
2022	$4,889,451	$6,532,051	$8,594,757	$-1,642,600
2021	$1,455,823	$2,089,909	$10,688,945	$-634,086
2021	$6,383,013	$6,815,890	$10,905,762	$-432,877
2020	$6,456,130	$7,245,497	$10,451,081	$-789,367
2019	$6,050,595	$5,921,730	$11,385,166	$128,865
2018	$4,670,652	$7,435,129	$11,359,735	$-2,764,477

TECHSOLVE INC