TECHFORCE FOUNDATION (EIN 593828402) - 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

2005

Legal Domicile

Principal Officer

ANGIE BABIN

Phone

8665196923

Tax Period

2024-01-01 to 2024-12-31

TECHFORCE FOUNDATION, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TO CHAMPION STUDENTS TO AND THROUGH THEIR EDUCATION AND INTO CAREERS AS PROFESSIONAL TECHNICIANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,345,465

Program Service Revenue $4,876

Investment Income $461,043

Other Revenue $14,840

TOTAL REVENUE $7,826,224

Expense Breakdown

Grants Paid $4,367,306

Salaries & Benefits $1,669,727

Fundraising Expenses $429,672

Program Expenses $6,375,040

Other Expenses $2,014,824

TOTAL EXPENSES $8,051,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,826,224	$5,323,854	+0.5%
Expenses	$8,051,857	$5,620,167	+0.4%
Net Income	$-225,633	$-296,313	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$316,410

Total Directors

$316,410

Key Employees

$202,411

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MAHER	CEO/EXECUTIVE DIRECTOR	40.00	Officer Director	$298,481	$17,929	$316,410
ANGELA BABIN	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
JON VESELY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL HALSCH	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID ELLIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK FERNER	DIRECTOR	1.00	Director	$0	$0	$0
MATT HARTFORD	DIRECTOR	1.00	Director	$0	$0	$0
MARY MAHONEY	DIRECTOR (LEFT 07/24)	1.00	Director	$0	$0	$0
MICHELLE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KIM MCCULLOUGH	DIRECTOR (LEFT 07/24)	1.00	Director	$0	$0	$0
DENISE KINGSTROM	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BLANCHETTE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM WILLETTS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
BARRINGTON IRVING	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BERGERON	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$188,513	$13,898	$202,411
LISA MATTKE	CHIEF OPERATIONS & FINANCE (LEFT 09/24)	40.00	Highest	$131,063	$1,018	$132,081
JEANMARIE DELUCA	DIRECTOR OF CORPORATE RELATIONS	40.00	Highest	$100,736	$6,981	$107,717

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	$7,826,224	$8,051,857	$5,358,856	$-225,633
2023	$5,323,854	$5,620,167	$6,054,841	$-296,313
2022	$4,043,300	$3,915,682	$5,524,936	$127,618
2021	$3,878,007	$3,255,168	$5,080,050	$622,839
2020	$2,443,810	$2,175,018	$4,285,340	$268,792
2019	$2,870,774	$3,182,930	$4,209,758	$-312,156
2018	$3,118,137	$3,087,276	$4,196,255	$30,861

TECHFORCE FOUNDATION