WICHITA TECHNOLOGY CORPORATION

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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

1994

Legal Domicile

Principal Officer

PATRICIA BRASTED

Phone

3164258808

Tax Period

2023-07-01 to 2024-06-30

WICHITA TECHNOLOGY CORPORATION, founded in 1994, is a micro nonprofit that reported $17K in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND EXPAND AN INNOVATION NETWORK THAT FACILITATES ACCESS TO CAPITAL, PROVIDES ENTREPRENEURIAL EDUCATION AND BUSINESS ASSISTANCE SERVICES AND SUPPORTS TECHNOLOGY TRANSFER AND COMMERCIALIZATION.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

CREATE & SUSTAIN FORMAL NETWORK SUPPORTING TECH. ADVANCEMENT TRANSFER & COMMERCIALIZATION IN KS. LEVERAGE PUBLIC & PRIVATE RESOURCES TO MAINT. & FACIL. BUSINESS FORMATION & GROWTH. ENHANCE...

CREATE & SUSTAIN FORMAL NETWORK SUPPORTING TECH. ADVANCEMENT TRANSFER & COMMERCIALIZATION IN KS. LEVERAGE PUBLIC & PRIVATE RESOURCES TO MAINT. & FACIL. BUSINESS FORMATION & GROWTH. ENHANCE DEVELOPMENT ACTIVITY & PROVIDE BUSINESS ASSISTANCE.

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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 $0

Investment Income $-2,494

Other Revenue $-14,568

TOTAL REVENUE $-17,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-17,062	$-51,105	-0.7%
Expenses	N/A	$133,262	-1.0%
Net Income	N/A	$-184,367	N/A

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
ANTHONY DELLASEGA	CHAIRMAN & TREASURER	5.00	Officer Director	$0	$0	$0
WALLY KEARNS	DIRECTOR	5.00	Director	$0	$0	$0
CLARE GUSTIN	DIRECTOR	5.00	Director	$0	$0	$0
SARA ARNBERGER	DIRECTOR	5.00	Director	$0	$0	$0
COREY MOHN	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE WEIGAND	DIRECTOR	5.00	Director	$0	$0	$0
DAVID A O'DELL	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
ROBERT WEEMS	DIRECTOR	5.00	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	$-17,062	No data	No data	No data
2023	$-51,105	$133,262	$2,067,329	$-184,367
2022	$-20,761	$925,957	$2,199,966	$-946,718
2021	$292,416	$193,589	$3,141,093	$98,827
2020	$352,827	$116,598	$3,635,328	$236,229
2019	$340,469	$162,105	$3,893,530	$178,364