PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MONTGOMERY COLLEGE FOUNDAT

EIN: 453787207 501(c)(3) Education

ROCKVILLE, MD

Total Revenue
$267,985
Total Expenses
$427,051
Total Assets
$11,132,843
Net Assets
$1,033,766
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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
2011
Legal Domicile
MD
Principal Officer
DR GAIL WASSERMAN
Phone
2409122162
Tax Period
2023-07-01 to 2024-06-30

PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MONTGOMERY COLLEGE FOUNDAT, founded in 2011, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $427K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO SUPPORT THE MISSION OF MONTGOMERY COLLEGE AND TO PROMOTE THE ADVANCEMENT OF EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $63,847
Investment Income $204,138
Other Revenue $0
TOTAL REVENUE $267,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $113,940
Other Expenses $427,051
TOTAL EXPENSES $427,051

Year-over-Year Comparison

2023 2022 Change
Revenue $267,985 $152,797 +0.8%
Expenses $427,051 $114,125 +2.7%
Net Income $-159,066 $38,672 -5.1%
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

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Governance

Voting Members
19
Independent Members
16
Employees
N/A
Volunteers
16

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
5
$0
Total Directors
19
$467,374
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR STEPHEN CAIN BOARD MEMBER 2.00
Director
$0 $37,326 $260,357
GAIL FOLENA-WASSERMAN PHD CHAIR 4.00
Officer Director
$0 $0 $0
ALLEN DELEON VICE CHAIR 4.00
Officer Director
$0 $0 $0
YUM YU CHENG ESQ SECRETARY 2.00
Officer Director
$0 $0 $0
TONY SPEARMAN-LEACH TREASURER 2.00
Officer Director
$0 $0 $0
KELLI BROOKS BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN COMPTON PHD BOARD MEMBER 2.00
Director
$0 $0 $0
MISALE ENDRIAS STUDENT BOARD MEMBER 2.00
Director
$0 $0 $0
DANIELLE GABRISH BOARD MEMBER 2.00
Director
$0 $0 $0
ANGELA GRAHAM BOARD MEMBER 5.00
Director
$0 $0 $0
STEVE GREENFIELD BOARD MEMBER 2.00
Director
$0 $31,046 $207,017
STEPHEN KAUFMAN BOARD MEMBER 2.00
Director
$0 $0 $0
MANISH KOTHARI BOARD MEMBER 2.00
Director
$0 $0 $0
MARGARET LATIMER BOARD MEMBER 2.00
Director
$0 $0 $0
PRASHANT PANCHAL BOARD MEMBER 2.00
Director
$0 $0 $0
DEIDRE PRICE BOARD MEMBER 2.00
Director
$0 $0 $0
SOFIA PEREZ STUDENT BOARD MEMBER 2.00
Director
$0 $0 $0
KRISTINE WARNER BOARD MEMBER 2.00
Director
$0 $0 $0
DOUG WRENN BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS LUGINBILL EXECUTIVE DIRECTOR 2.00
Officer
$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 No data No data No data No data
2024 $267,985 $427,051 $11,132,843 $-159,066
2023 $152,797 $114,125 $6,317,212 $38,672
2022 $303,379 $100,174 $6,140,938 $203,205
2021 $363,160 $43,341 $7,003,853 $319,819
2020 $133,519 $33,678 $6,120,479 $99,841
2019 $185,036 $126,829 $6,022,024 $58,207
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