16 TECH COMMUNITY CORPORATION (EIN 810853467) - 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

2015

Legal Domicile

Principal Officer

ALEX KURRELMEIER

Phone

8477219943

Tax Period

2023-01-01 to 2023-12-31

16 TECH COMMUNITY CORPORATION, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $32.5M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.2M, a strong 56% operating margin.

Mission

16 TECH COMMUNITY CORPORATION (16TCC) IS RESPONSIBLE FOR THE PROGRAMMATIC AND PHYSICAL DEVELOPMENT OF THE 16 TECH INNOVATION DISTRICT, A GROWING DESTINATION FOR ENTREPRENEURSHIP AND INNOVATION IN INDIANAPOLIS AND A DRIVER OF THE TECH ENABLEMENT OF THE LIFE-SCIENCES AND ADVANCED MANUFACTURING INDUSTRIES KEY TO INDIANA'S ECONOMY. 16 TECH IS CONNECTED TO DIVERSE NEIGHBORHOODS AND INTENTIONALLY RESOURCED WITH FACILITIES AND PROGRAMS TO FOSTER INNOVATION, CATALYZING THE ECONOMIC GROWTH OF THE CITY AND STATE.

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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 $29,255,022

Program Service Revenue $2,669,403

Investment Income $523,114

Other Revenue $63,415

TOTAL REVENUE $32,510,954

Expense Breakdown

Grants Paid $4,070,246

Salaries & Benefits $3,142,408

Fundraising Expenses $81,099

Program Expenses $11,566,443

Other Expenses $7,122,608

TOTAL EXPENSES $14,335,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,510,954	$21,301,337	+0.5%
Expenses	$14,335,262	$9,829,406	+0.5%
Net Income	$18,175,692	$11,471,931	+0.6%

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

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

$2,081,502

Total Directors

$2,890,288

Key Employees

$241,066

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY KRUEGER	PRESIDENT AND CEO	40.00	Officer Director	$406,855	$34,417	$441,272
DAVID LAWTHER JOHNSON	CHAIR	1.00	Officer Director	$0	$1,446	$12,504
MELINA KENNEDY	VICE CHAIR	1.00	Officer Director	$0	$67,949	$680,522
TORY CASTOR	SECRETARY	1.00	Officer Director	$0	$131,941	$703,354
JEFFREY HARRISON	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL T BABCOCK	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL J HASLER	DIRECTOR	1.00	Director	$0	$0	$450,000
JOHN HUESING	DIRECTOR	1.00	Director	$0	$78,185	$522,521
VINCENT ASH	DIRECTOR	1.00	Director	$0	$104	$80,115
MICHAEL HUBER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MIRRO	DIRECTOR	1.00	Director	$0	$0	$0
SARAH RIORDAN	DIRECTOR TO MAY	1.00	Director	$0	$0	$0
SCARLETT ANDREWS	DIRECTOR BEGINNING JUNE	1.00	Director	$0	$0	$0
AMAN BRAR	DIRECTOR	1.00	Director	$0	$0	$0
RAMESH DURVASULA	DIRECTOR	1.00	Director	$0	$0	$0
ALAN PALKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN MAYS-CORBITT	DIRECTOR	1.00	Director	$0	$0	$0
ESTHER EARBIN SANDLIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX KURRELMEIER	CHIEF FINANCIAL OFFICER	40.00	Officer	$187,000	$56,850	$243,850
ROBERT A WHITT	CHIEF OPERATING OFFICER	40.00	Key Emp	$194,245	$46,821	$241,066
ERIC MILLER	DIRECTOR OF BUSINESS DEVEL	40.00	Highest	$168,566	$48,877	$217,443
KAREN B SCHNEIDER	CONTROLLER	40.00	Highest	$130,143	$31,057	$161,200

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	$32,510,954	$14,335,262	$155,044,902	$18,175,692
2022	$21,301,337	$9,829,406	$134,426,956	$11,471,931
2021	$43,820,376	$25,202,752	$90,414,871	$18,617,624
2021	$43,820,376	$25,202,752	$90,414,871	$18,617,624
2020	$53,794,258	$42,555,455	$74,420,469	$11,238,803
2019	$39,161,475	$22,388,888	$65,136,123	$16,772,587
2018	$21,448,887	$2,352,753	$33,476,040	$19,096,134

16 TECH COMMUNITY CORPORATION