TECHNOLOGY NETWORK (EIN 770456865) - 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

1997

Legal Domicile

Principal Officer

PATRICIA S ALBERTSON

Phone

6508875640

Tax Period

2023-01-01 to 2023-12-31

TECHNOLOGY NETWORK, founded in 1997, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $12.4M left a modest 9% surplus.

Mission

TECHNET IS THE NATIONAL, BIPARTISAN NETWORK OF TECHNOLOGY CEOS AND SENIOR (CONT. ON SCH. O) EXECUTIVES THAT PROMOTES THE GROWTH OF THE INNOVATION ECONOMY. TECHNET IS COMMITTED TO ADVANCING PUBLIC POLICIES AND PRIVATE SECTOR INITIATIVES THAT MAKE THE U.S. THE MOST INNOVATIVE NATION IN THE WORLD. TECHNET CHAMPIONS POLICIES THAT FOSTER A CLIMATE FOR INNOVATION, ALLOWING TECHNOLOGY COMPANIES TO CREATE, THRIVE, AND COMPETE. TECHNET MEMBERS WORK TOGETHER TO IDENTIFY KEY POLICY PRIORITIES AND EXECUTE SUCCESSFUL LEGISLATIVE STRATEGIES AT THE FEDERAL, STATE, AND LOCAL LEVELS.

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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 $0

Program Service Revenue $13,380,742

Investment Income $287,340

Other Revenue $10,131

TOTAL REVENUE $13,678,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,937,122

Fundraising Expenses $0

Other Expenses $6,493,331

TOTAL EXPENSES $12,430,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,678,213	$10,440,950	+0.3%
Expenses	$12,430,453	$9,512,752	+0.3%
Net Income	$1,247,760	$928,198	+0.3%

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

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

$1,796,316

Total Directors

Key Employees

$690,561

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA L MOORE	PRESIDENT & CEO	40.00	Officer	$983,464	$33,241	$1,016,705
CARL K HOLSHOUSER	EVP & CORPORATE SECRETARY	40.00	Officer	$518,379	$27,626	$546,005
PETER H CHANDLER	SVP, FEDERAL POLICY & GOV RELATIONS	40.00	Key Emp	$328,244	$26,972	$355,216
DAVID S EDMONSON	SVP, STATE POLICY & GOV RELATIONS	40.00	Key Emp	$301,318	$34,027	$335,345
STEPHEN A KIDERA	DIRECTOR, COMMUNICATIONS	40.00	Highest	$226,289	$19,106	$245,395
PATRICIA S ALBERTSON	SVP, CFO & TREASURER	40.00	Officer	$207,033	$26,573	$233,606
MARGARET C DURKIN	EXECUTIVE DIRECTOR, MID-ATLANTIC	40.00	Highest	$205,274	$17,141	$222,415
ASHLEY M SUTTON	EXECUTIVE DIRECTOR, NORTHWEST	40.00	Highest	$194,850	$20,160	$215,010
TYLER B DIERS	EXECUTIVE DIRECTOR, MIDWEST	40.00	Highest	$197,697	$17,155	$214,852
HEATHER L STEWART	VICE PRESIDENT, MEMBERSHIP	40.00	Highest	$198,608	$9,232	$207,840
ED KNIGHT	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
APARNA BAWA	BOARD VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG BECKER	BOARD MEMBER (THRU 03/23)	1.00	Director	$0	$0	$0
STEVE CASE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DOERR	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG GLIDDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE GREGOIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY HOWERTON	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON LEVIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF MAGGIONCALDA	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRY MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM POLESE	BOARD MEMBER	1.00	Director	$0	$0	$0
KR SRIDHAR	BOARD MEMBER (THRU 09/23)	1.00	Director	$0	$0	$0
KENT WALKER	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$13,678,213	$12,430,453	$15,670,333	$1,247,760
2022	$10,440,950	$9,512,752	$9,363,275	$928,198
2021	$6,384,516	$5,987,252	$5,055,908	$397,264
2020	$4,295,114	$4,177,264	$5,510,833	$117,850
2019	$4,268,236	$4,399,195	$4,614,672	$-130,959
2018	$4,304,709	$3,902,956	$4,447,655	$401,753

TECHNOLOGY NETWORK