MISSOURI TECHNOLOGY CORPORATION

EIN: 431341372 501(c)(3)

ST LOUIS, MO

Total Revenue
$11,182,096
Total Expenses
$22,668,686
Total Assets
$105,160,244
Net Assets
$95,965,125
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MO
Principal Officer
ERWIN SWITZER
Phone
3142750942
Tax Period
2024-07-01 to 2025-06-30

MISSOURI TECHNOLOGY CORPORATION, founded in 1983, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $22.7M exceeded revenue, resulting in a 103% operating deficit.

Mission

THE MISSION OF THE MTC IS TO PROVIDE LEADERSHIP AND MAKE STRATEGIC INVESTMENTS THAT HELP ENTREPRENEURS CREATE AND GROW TECHNOLOGY-BASED MISSOURI BUSINESSES.

Program Service Accomplishments

Program 1
Expenses: $8,738,837 Revenue: $84,698

THE MISSOURI TECHNOLOGY INVESTMENT PROGRAM FUNDS ARE USED TO SUPPORT MTC'S OPERATIONS AND ITS PROGRAMMATIC ACTIVITIES, WHICH ARE FOCUSED ON ECOSYSTEM BUILDING AND A STATE-SPONSORED VENTURE CAPITAL...

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THE MISSOURI TECHNOLOGY INVESTMENT PROGRAM FUNDS ARE USED TO SUPPORT MTC'S OPERATIONS AND ITS PROGRAMMATIC ACTIVITIES, WHICH ARE FOCUSED ON ECOSYSTEM BUILDING AND A STATE-SPONSORED VENTURE CAPITAL PROGRAM. THROUGH THESE PROGRAMS, MTC PROVIDES COMPETITIVE-BASED GRANT FUNDING TO ORGANIZATIONS OFFERING RESOURCES AND TRAINING TO ENTREPRENEURS TO ENHANCE THE STATE'S ENTREPRENEURIAL CAPACITY AND MAKES DIRECT EQUITY-BASED INVESTMENTS IN PROMISING EARLY-STAGE STARTUPS THROUGH THE INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND. THE FUNDS ALSO SUPPORT MTC'S SPONSORSHIP PROGRAM, WHICH PROVIDES A STRUCTURED PROCESS FOR FUNDING EVENTS THAT ALIGN WITH MTC'S MISSION TO CATALYZE INNOVATION AND ENTREPRENEURSHIP IN MISSOURI.

Program 2
Expenses: $8,762,048 Revenue: $0

THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI 2.0) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL AVAILABLE TO...

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THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI 2.0) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL AVAILABLE TO SMALL BUSINESSES AND TO COVER REASONABLE ADMINISTRATIVE EXPENSES. MTC USES THE SSBCI PROGRAM FUNDS TO SUPPORT ITS INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND CO-INVESTMENT PROGRAM THAT MAKES DIRECT INVESTMENTS INTO MISSOURI-BASED TECHNOLOGY STARTUPS TO SUPPORT TECHNOLOGY AND BUSINESS DEVELOPMENT IN THE STATE.

Program 3
Expenses: $0 Revenue: $0

THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL MADE AVAILABLE TO...

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THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL MADE AVAILABLE TO SMALL BUSINESSES AND TO COVER REASONABLE ADMINISTRATIVE EXPENSES. MTC USES THE SSBCI PROGRAM FUNDS TO SUPPORT ITS INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND CO-INVESTMENT PROGRAM WHICH THAT MAKES DIRECT INVESTMENTS INTO MISSOURI-BASED TECHNOLOGY STARTUPS TO SUPPORT TECHNOLOGY AND BUSINESS DEVELOPMENT IN THE STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,509,382
Program Service Revenue $0
Investment Income $1,586,790
Other Revenue $85,924
TOTAL REVENUE $11,182,096

Expense Breakdown

Grants Paid $16,420,021
Salaries & Benefits $1,060,070
Fundraising Expenses $0
Program Expenses $17,500,885
Other Expenses $5,188,595
TOTAL EXPENSES $22,668,686

Year-over-Year Comparison

2024 2023 Change
Revenue $11,182,096 $26,692,498 -0.6%
Expenses $22,668,686 $18,202,028 +0.2%
Net Income $-11,486,590 $8,490,470 -2.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
9
Volunteers
13

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
3
$184,595
Total Directors
14
$184,595
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN COBB CHAIR 5.00
Officer Director
$0 $0 $0
ERWIN SWITZER VICE CHAIR/SEC/TREAS 3.00
Officer Director
$0 $0 $0
JOHN SCATIZZI EXECUTIVE DIRECTOR 40.00
Officer Director
$167,208 $17,387 $184,595
TRAVIS FITZWATER DIRECTOR 0.50
Director
$0 $0 $0
TOM SPENCER DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE REGAGNON DIRECTOR 1.50
Director
$0 $0 $0
ALLEN DILLINGHAM DIRECTOR 2.50
Director
$0 $0 $0
KATHRYN ALLEN DIRECTOR 3.00
Director
$0 $0 $0
MICHAEL OCONNELL III DIRECTOR 1.50
Director
$0 $0 $0
DONN RUBIN DIRECTOR 1.50
Director
$0 $0 $0
CHRIS DITTMER DIRECTOR 1.50
Director
$0 $0 $0
ALEX RILEY DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE HATAWAY DIRECTOR 1.50
Director
$0 $0 $0
ANTHONY SARDELLA DIRECTOR 0.50
Director
$0 $0 $0
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
2025 $11,182,096 $22,668,686 $105,160,244 $-11,486,590
2024 $26,692,498 $18,202,028 $120,554,240 $8,490,470
2023 $57,612,488 $19,605,682 $113,462,871 $38,006,806
2022 $12,167,052 $6,629,672 $62,323,111 $5,537,380
2021 $7,231,503 $4,108,032 $56,795,740 $3,123,471
2020 $1,303,695 $5,983,689 $54,059,656 $-4,679,994
2019 $10,822,200 $5,787,897 $59,956,395 $5,034,303
2018 $3,979,014 $10,042,624 $56,766,756 $-6,063,610
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