TECH FOUNDRY INC (EIN 464389001) - 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

2013

Legal Domicile

Principal Officer

MIKE WALKER

Phone

4132760609

Tax Period

2023-07-01 to 2024-06-30

TECH FOUNDRY INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 25% operating margin.

Mission

FOUNDED BY CONCERNED AREA EMPLOYERS WHO SAW A DRAMATIC NEED FOR A SKILLED IT WORKFORCE, TECH FOUNDRY IS ON A MISSION TO BUILD THE MOST DYNAMIC AND FLUID IT WORKFORCE DEVELOPMENT AND TRAINING PROGRAMS EVER CREATED. DRIVEN BY SPECIFIC EMPLOYER DEMANDS, WE COMBINE HANDS-ON SKILL FOCUSED TECHNICAL TRAINING WITH PROFESSIONAL DEVELOPMENT, WHICH AIDS US IN OUR OVERARCHING DUTY TO ELEVATE AN UNDER-SERVED, AT-RISK POPULATION INTO TOMORROW'S IT WORKFORCE. THE GREATER SPRINGFIELD AREA OF MASSACHUSETTS IS A REGION RIPE WITH OPPORTUNITY. A LOW COST OF LIVING AND HIGH AND QUALITY OF LIFE MAKE IT AN ATTRACTIVE COMMUNITY FOR BUSINESSES AND EMPLOYEES ALIKE. THE OBSTACLE TO GROWTH FOR OUR REGION IS THE LACK OF A SKILLED WORKFORCE. WITHOUT A STRONG, SCALABLE, AND DYNAMIC WORKFORCE, EMPLOYERS ARE HESITANT TO LOCATE AND GROW JOBS HERE AND THE TALENT WE DO HAVE IS HESITANT TO STAY. AT NO COST TO THE STUDENTS, WE PREPARE A CROSS-SECTION OF THE POPULATION TO STEP INTO A SUSTAINABLE CAREER IN THE INFORMATION T

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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 $1,498,786

Program Service Revenue $49,949

Investment Income $494

Other Revenue $-173

TOTAL REVENUE $1,549,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $850,810

Fundraising Expenses $48,455

Program Expenses $886,644

Other Expenses $312,943

TOTAL EXPENSES $1,163,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,549,056	$978,208	+0.6%
Expenses	$1,163,753	$809,710	+0.4%
Net Income	$385,303	$168,498	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WALKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL NICHOLSON	TREASURER	1.00	Officer	$0	$0	$0
DELCIE D BEAN IV	PAST PRESIDE	1.00	Director	$0	$0	$0
DIANE DOHERTY	DIRECTOR	0.50	Director	$0	$0	$0
ANN MCFARLAND BURKE	DIRECTOR	0.50	Director	$0	$0	$0
DAWN CREIGHTON	DIRECTOR	0.50	Director	$0	$0	$0
GREG BIALECKI	DIRECTOR	0.50	Director	$0	$0	$0
JAY ASH	DIRECTOR	0.50	Director	$0	$0	$0
EVERTON CHIN	DIRECTOR	0.50	Director	$0	$0	$0
BRIANA DAWKINS	DIRECTOR	0.50	Director	$0	$0	$0
DAMON DEPAOLO	DIRECTOR	0.50	Director	$0	$0	$0
SAMALID HOGAN	DIRECTOR	0.50	Director	$0	$0	$0
XIAOLEI HUA	DIRECTOR	0.50	Director	$0	$0	$0
CINDY KNOWLES	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK STRECK	DIRECTOR	0.50	Director	$0	$0	$0
DR GEORGE TIMMONS	DIRECTOR	0.50	Director	$0	$0	$0
HECTOR TOLEDO	DIRECTOR	0.50	Director	$0	$0	$0
SALEM ZEBIAN	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	No data	No data	No data	No data
2024	$1,549,056	$1,163,753	$857,687	$385,303
2023	$978,208	$809,710	$588,803	$168,498
2022	$454,485	$593,500	$255,995	$-139,015
2021	$704,218	$507,417	$506,892	$196,801
2020	$490,576	$413,713	$190,587	$76,863
2019	$419,400	$519,092	$103,302	$-99,692

TECH FOUNDRY INC