NOTED

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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

2015

Legal Domicile

Principal Officer

JONATHAN MORRIS

Phone

2565137055

Tax Period

2023-01-01 to 2023-12-31

NOTED, founded in 2015, is a small nonprofit in the Education sector that reported $712K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $977K exceeded revenue, resulting in a 37% operating deficit.

Mission

NON PROFIT CORPORATION DEDICATED TO TECHNOLOGY TRANSFER BETWEEN GOVERNMENT AND INDUSTRIAL SECTOR. AS SUCH, THE COMPANY CURATES BEST IN CLASS CAPABILITIES AND MATURE TECHNOLOGIES AS PART OF AN OFFERING PORTFOLIO FOR ADVANCING PROVEN TECHNOLOGY PROCESSES THROUGH NEW APPLICATIONS.

Program Service Accomplishments

Program 1

Expenses: $941,429 Revenue: $712,147

SCIENTIFIC AND ENGINEERING ADVANCEMENT

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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 $0

Program Service Revenue $712,147

Investment Income $0

Other Revenue $0

TOTAL REVENUE $712,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $941,429

Other Expenses $976,910

TOTAL EXPENSES $976,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$712,147	$1,487,853	-0.5%
Expenses	$976,910	$1,644,222	-0.4%
Net Income	$-264,763	$-156,369	+0.7%

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

N/A

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
JONATHAN MORRIS	EXECUTIVE DIRECTOR	10.00	Director	$0	$0	$0
STEPHEN HANNA	PROGRAM MANAGER	5.00	Director	$0	$0	$0
JAMES PILLSBURY	VICE PRESIDENT	1.00	Director	$0	$0	$0
JOE RITCH	VICE PRESIDENT	1.00	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
2024	No data	No data	No data	No data
2023	$712,147	$976,910	$15,426	$-264,763
2022	$1,487,853	$1,644,222	$280,189	$-156,369
2021	$1,846,387	$1,736,968	$441,883	$109,419
2020	$1,448,093	$1,158,421	$362,464	$289,672
2019	$279,342	$242,872	$37,467	$36,470