SMART CITIES - TECHSTREET HOUSTON … - 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

2013

Legal Domicile

Principal Officer

BRIAN LANG

Phone

2813458022

Tax Period

2020-01-01 to 2020-12-31

SMART CITIES - TECHSTREET HOUSTON INC, founded in 2013, is a small nonprofit that reported $699K in total revenue in fiscal year 2020. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $770K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO SOLVE PROBLEMS AND DELIVER INNOVATIVE SOLUTIONS WITH TECHNOLOGIES THAT IMPROVE THE QUALITY OF LIFE FOR OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $703,426 Revenue: $538,551

DURING 2020, THE ORGANIZATION WORKED WITH SEVERAL ORGANIZATIONS TO CONVENE INNOVATION FOR THE BROAD POPULATION AND FOR THOSE GROUPS THAT ARE MARGINALIZED. WE DID THIS BY CONNECTING ORGANIZATIONS WITH INNOVATION STAKEHOLDERS FROM THE ENTREPRENEURIAL COMMUNITY. INNOVATORS CONNECTED INCLUDED THOSE WHO WORK WITH SENIOR ADULTS, THOSE WHO WORK WITH CHILDREN, AND THOSE IN GROUPS THAT ARE UNDERSERVED.

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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 (2020)

Revenue Breakdown

Contributions & Grants $160,000

Program Service Revenue $538,551

Investment Income $0

Other Revenue $0

TOTAL REVENUE $698,551

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $194,373

Fundraising Expenses $31,995

Program Expenses $703,426

Other Expenses $574,516

TOTAL EXPENSES $769,889

Year-over-Year Comparison

	2020	2019	Change
Revenue	$698,551	$878,638	-0.2%
Expenses	$769,889	$886,983	-0.1%
Net Income	$-71,338	$-8,345	+7.5%

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

$148,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM BOND EVANS	EXECUTIVE DIRECTOR	1.00	Director	$0	$0	$0
ANDREY OSTROVSKY MD	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW HERMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN LANG	CEO	40.00	Officer	$85,193	$0	$85,193
EDWARD GONZALEZ-NOVOA	COO	40.00	Officer	$63,683	$0	$63,683

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
2020	$698,551	$769,889	$40,810	$-71,338
2019	$878,638	$886,983	$79,154	$-8,345
2018	$489,286	$474,849	$81,008	$14,437

SMART CITIES - TECHSTREET HOUSTON INC