INTERNATIONAL TECHNOLOGY CENTER

EIN: 562171281 501(c)(3) Science & Technology

RTP, NC

Total Revenue
$53,068
Total Expenses
$110,736
Total Assets
$341,239
Net Assets
$292,787
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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
1999
Legal Domicile
NC
Principal Officer
GARY E MCGUIRE
Phone
9198810500
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL TECHNOLOGY CENTER, founded in 1999, is a micro nonprofit in the Science & Technology sector that reported $53K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 109% operating deficit.

Mission

TO PROVIDE AN ENVIRONMENT WHERE INDUSTRY, GOVERNMENT, AND UNIVERSITIES CAN WORK TOGETHER IN A COOPERATIVE ENVIRONMENT ON HIGH IMPACT TECHNOLOGIES. TO CONDUCT COOPERATIVE RESEARCH PROGRAMS THAT LOWER THE RISK AND INCREASE THE RETURN FOR THE PARTICIPATING COMPANIES. TO MAKE THE TECHNOLOGY AVAILABLE TO THE INDUSTRIAL AFFILIATES. TO PROVIDE TRAINING TO RESIDENT PROFESSIONALS AND STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $110,736

COMMERCIAL CONTRACTS AND RELATED PARTY TRANSACTIONS

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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 $49,010
Program Service Revenue $0
Investment Income $0
Other Revenue $4,058
TOTAL REVENUE $53,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,304
Fundraising Expenses $0
Program Expenses $110,736
Other Expenses $104,432
TOTAL EXPENSES $110,736

Year-over-Year Comparison

2023 2022 Change
Revenue $53,068 $117,288 -0.5%
Expenses $110,736 $163,964 -0.3%
Net Income $-57,668 $-46,676 +0.2%
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
3
Independent Members
3
Employees
1
Volunteers
1

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
2
$117,926
Total Directors
4
$117,926
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY E MCGUIRE PRESIDENT 0.00
Officer Director
$0 $472 $16,207
DAWN A BONNELL BOARD MEMBER 0.00
Director
$0 $0 $0
KEVIN K SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
MARY E EBERLE SECRETARY/TREASURER 2.00
Officer Director
$5,000 $4,792 $101,719
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 $53,068 $110,736 $341,239 $-57,668
2022 $117,288 $163,964 $368,320 $-46,676
2021 $139,024 $180,705 $418,325 $-41,681
2020 $112,461 $147,688 $459,853 $-35,227
2019 $111,780 $143,293 $495,261 $-31,513
2018 $170,097 $187,397 $528,666 $-17,300
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