INDIANAPOLIS, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO CREATE AN INCLUSIVE INNOVATION COMMUNITY. THE 16 TECH INNOVATION DISTRICT WILL FOSTER AND ENHANCE ECONOMIC DEVELOPMENT, TALENT ATTRACTION, DEVELOPMENT AND RETENTION AS AN ACCESSIBLE ENTREPRENEURIAL ECOSYSTEM THAT CATALYZES THE GROWTH OF COMPANIES AND DIVERSE TALENT THAT WILL TRANSFORM INDUSTRIES, CAREERS, AND OUR FUTURE ECONOMY.
THE 16 TECH INNOVATION DISTRICT IS A GROWING DESTINATION FOR INNOVATION AND ENTREPRENEURSHIP AND A DRIVER OF THE TECH ENABLEMENT OF THE LIFE-SCIENCES AND ADVANCED MANUFACTURING INDUSTRIES KEY TO...
THE 16 TECH INNOVATION DISTRICT IS A GROWING DESTINATION FOR INNOVATION AND ENTREPRENEURSHIP AND A DRIVER OF THE TECH ENABLEMENT OF THE LIFE-SCIENCES AND ADVANCED MANUFACTURING INDUSTRIES KEY TO INDIANA'S ECONOMY. CONNECTED TO DIVERSE NEIGHBORHOODS IN DOWNTOWN INDIANAPOLIS AND INTENTIONALLY RESOURCED WITH FACILITIES AND PROGRAMS TO FOSTER INNOVATION, 16 TECH IS HOME TO THREE BUILDINGS WITH A VARIETY OF OFFICE, WET AND DRY LAB SPACES AND MAKERSPACES AND 200+ INNOVATION RELATED ENTITIES THAT EMPLOY MORE THAN 1000 PEOPLE. AT FULL BUILD-OUT, 16 TECH ANTICIPATES MORE 2 MILLION SQUARE FEET OF INNOVATION RELATED SPACE THAT SUPPORT 3,000 JOBS, PROVIDING OPPORTUNITIES TO TRAIN, RETRAIN AND ATTRACT TALENT. 16 TECH IS DRIVING MOMENTUM, SERVING AS INDIANA'S MOST CENTRAL AND ACCESSIBLE ENTRANCE INTO THE STATE'S INNOVATION ECOSYSTEM; A DEDICATED PLACE FOR INNOVATION-DRIVEN ENTERPRISES AND ENTREPRENEURS TO CONNECT WITH UNIVERSITY RESOURCES, RESEARCH FACILITIES AND CORPORATE ASSETS, SUPPORTED BY QUALITY-OF-LIFE SERVICES IN A WORK, PLAY, LEARN ENVIRONMENT. THE NONPROFIT 16 TECH COMMUNITY CORPORATION (16TCC) OVERSEES THE PROGRAMMATIC AND PHYSICAL DEVELOPMENT OF THE DISTRICT AND ENSURES BENEFITS OF ECONOMIC GROWTH, NEW INVESTMENT AND JOB CREATION EXTEND TO NEARBY NEIGHBORHOODS AS WELL AS THE CITY, THE REGION, AND THE STATE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare 16 TECH COMMUNITY CORPORATION with other nonprofits in Indiana and across the country.