Technology Innovation Center

EIN: 363797555 501(c)(3) Community Improvement

Winnetka, IL

Total Revenue
$95,405
Total Expenses
$237,108
Total Assets
$9,860
Net Assets
$-22,107
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
IL
Principal Officer
CHARLES HAPP
Phone
8477275346
Tax Period
2018-01-01 to 2018-12-31

Technology Innovation Center, founded in 1989, is a micro nonprofit in the Community Improvement sector that reported $95K in total revenue in fiscal year 2018. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 149% operating deficit.

Mission

Startup services with supportive needs via office space and personnel with the needed operating equipment

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $95,405
Investment Income $0
Other Revenue $0
TOTAL REVENUE $95,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,880
Fundraising Expenses $10,378
Program Expenses $210,795
Other Expenses $76,850
TOTAL EXPENSES $237,108

Year-over-Year Comparison

2018 2017 Change
Revenue $95,405 $268,876 -0.6%
Expenses $237,108 $286,445 -0.2%
Net Income $-141,703 $-17,569 +7.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
2
Independent Members
2
Employees
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM KOURIS Director 1.000
Director
$0 $0 $0
JOHN LOCKERBY Director 1.000
Director
$0 $0 $0
TIM LAVENGOOD Former 40.00
$35,415 $0 $35,415
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 $95,405 $237,108 $9,860 $-141,703
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Technology Innovation Center with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.