TECHNOLOGY EDUCATION FOUNDATION INC

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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

2004

Legal Domicile

Principal Officer

BRETT RIMKUS

Phone

6085160154

Tax Period

2023-04-01 to 2024-03-31

TECHNOLOGY EDUCATION FOUNDATION INC, founded in 2004, is a small nonprofit that reported $159K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $278K exceeded revenue, resulting in a 75% operating deficit.

Mission

SUPPORT THE ADVANCEMENT AND EDUCATION OF INDIVIDUALS BY PROVIDING INFORMATION TECHNOLOGY HARDWARE AND SOFTWARE TO PUBLIC SCHOOLS, LIBRARIES, OR OTHER NON-PROFIT EDUCATIONAL ORGANIZATIONS WITH A FACILITY FOR INDIVIDUALS TO LEARN TO USE SUCH COMPUTER EQUIPMENT.

Program Service Accomplishments

Program 1

Expenses: $135,979

GRANTED FUNDS WHICH HELPED TO FUND THE PURCHASE OF COMPUTERS AND COMPUTER EQUIPMENT FOR USE IN VARIOUS CLASSROOMS.

Program 2

Expenses: $111,599

GRANTED FUNDS WHICH HELPED TO FUND INITIATIVES FOR TECHNOLOGY TRAINING AND CLASSROOM PROGRAMS.

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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 $261,174

Program Service Revenue $0

Investment Income $21,756

Other Revenue $-124,206

TOTAL REVENUE $158,724

Expense Breakdown

Grants Paid $247,578

Salaries & Benefits $14,958

Fundraising Expenses $0

Program Expenses $247,578

Other Expenses $15,635

TOTAL EXPENSES $278,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,724	$143,773	+0.1%
Expenses	$278,171	$164,764	+0.7%
Net Income	$-119,447	$-20,991	+4.7%

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

325

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
JAMES G BERBEE	PRESIDENT	0.50	Officer Director	$0	$0	$0
PAUL S SHAIN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRETT M RIMKUS	SECRETARY/TREASURER	0.50	Officer 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	$158,724	$278,171	$30,339	$-119,447
2023	$143,773	$164,764	$990,208	$-20,991
2022	$186,107	$162,091	$1,123,631	$24,016
2021	$145,873	$125,423	$1,115,786	$20,450
2020	$146,086	$121,144	$765,823	$24,942
2019	$116,576	$133,763	$809,191	$-17,187