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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

Program Service Accomplishments

Program 1
Expenses: $478,776 Revenue: $388,885

FOR ENTREPRENEURS: TechFW empowers entrepreneurs to commercialize innovative technologies through three focused programs. ThinkLab is an 8-week accelerator that helps founders validate ideas...

Read more

FOR ENTREPRENEURS: TechFW empowers entrepreneurs to commercialize innovative technologies through three focused programs. ThinkLab is an 8-week accelerator that helps founders validate ideas, identify markets, and craft go-to-market strategies. SmartStart supports startups as they build and launch?offering tailored guidance, workspace, and connections to consultants and funding. FastForward aids high-growth companies in overcoming leadership and operational challenges, from securing growth capital to implementing scalable processes.

Program 2
Expenses: $174,223 Revenue: $61,353

FOR INVESTORS: TechFW?s Cowtown Angels program connects accredited investors with technology startups, providing entrepreneurs nationwide access to local funding. Since its launch in September 2012...

Read more

FOR INVESTORS: TechFW?s Cowtown Angels program connects accredited investors with technology startups, providing entrepreneurs nationwide access to local funding. Since its launch in September 2012, members pay an annual fee to attend monthly forums and participate in pitch meetings where TechFW offers coaching, feedback, and pitch preparation. Cowtown Angels comprises retired professionals, serial entrepreneurs, and professional investors?including family offices and private equity firms?and is proud to be a member of the Angel Capital Association.

Program 3
Expenses: $167,773 Revenue: $272

OUTREACH TO THE COMMUNITY: TechFW sits at the heart of Fort Worth?s innovation ecosystem?fielding community inquiries, connecting startups with partners, and serving on cross-industry committees. We...

Read more

OUTREACH TO THE COMMUNITY: TechFW sits at the heart of Fort Worth?s innovation ecosystem?fielding community inquiries, connecting startups with partners, and serving on cross-industry committees. We publish newsletters, host regular and specialty events for entrepreneurs, and collaborate with universities, corporations, and support organizations to drive local growth.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Fort Worth MedTech Center Inc dba TechFW with other nonprofits in Texas and across the country.