Fort Worth MedTech Center Inc dba TechFW

EIN: 752775052 501(c)(3) Community Improvement

Fort Worth, TX

Total Revenue
$599,328
Total Expenses
$1,093,753
Total Assets
$1,539,547
Net Assets
$1,488,763
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
Melissa Acosta
Phone
8173398968
Tax Period
2024-01-01 to 2024-12-31

Fort Worth MedTech Center Inc dba TechFW, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $599K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 82% operating deficit.

Mission

TechFW promotes local economic development and furthers social welfare in the community known as the Southside Medical District in Fort Worth, TX, by operating a small business incubator that will provide small, start-up businesses with operating space and management counseling and support, at below market rates. This small business incubator will primarily target medical and technology oriented start-up business for the purposes of economic and employment growth opportunities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $139,463
Program Service Revenue $450,510
Investment Income $9,355
Other Revenue $0
TOTAL REVENUE $599,328

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $457,700
Fundraising Expenses $45,103
Program Expenses $820,772
Other Expenses $635,053
TOTAL EXPENSES $1,093,753

Year-over-Year Comparison

2024 2023 Change
Revenue $599,328 $826,389 -0.3%
Expenses $1,093,753 $632,577 +0.7%
Net Income $-494,425 $193,812 -3.6%
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
10
Independent Members
10
Employees
8
Volunteers
36

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
6
$226,702
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Brown CEO 40.00
Officer
$130,022 $3,892 $133,914
Hayden Blackburn COO 40.00
Officer
$85,365 $7,423 $92,788
Melissa Acosta Director 1.00
Director
$0 $0 $0
Laura Baldwin Secretary 1.00
Officer Director
$0 $0 $0
Alem Boukadoum Treasurer 1.00
Officer Director
$0 $0 $0
Stella Robertson Director 1.00
Director
$0 $0 $0
Elyse Dickerson Director 1.00
Director
$0 $0 $0
Brent Sorrells Chairman 1.00
Officer Director
$0 $0 $0
Manan Atit Director 1.00
Director
$0 $0 $0
Rodney D'Souza Director 1.00
Director
$0 $0 $0
Rita Patterson Director 1.00
Director
$0 $0 $0
Sarah Webb Director 1.00
Director
$0 $0 $0
Caitlin McMinn started 52025 Director 0.00
Officer
$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 $599,328 $1,093,753 $1,539,547 $-494,425
2023 $826,389 $632,577 $2,196,408 $193,812
2022 $509,549 $637,850 $878,746 $-128,301
2021 $716,344 $654,575 $553,553 $61,769
2020 $591,292 $541,873 $482,846 $49,419
2019 $673,834 $555,037 $404,828 $118,797
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