TECHNYC INC (EIN 811219959) - 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

2016

Legal Domicile

Principal Officer

JULIE SAMUELS

Phone

6465040940

Tax Period

2023-01-01 to 2023-12-31

TECHNYC INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 5% surplus.

Mission

ENSURES THAT NEW YORK IS THE BEST PLACE TO BUILD AND GROW A TECHNOLOGY COMPANY.

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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 $2,015,884

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,015,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,117,440

Fundraising Expenses $0

Other Expenses $797,107

TOTAL EXPENSES $1,914,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,015,884	$1,568,549	+0.3%
Expenses	$1,914,547	$1,983,774	0.0%
Net Income	$101,337	$-415,225	-1.2%

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

$364,889

Total Directors

$364,889

Key Employees

$238,522

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE SAMUELS	PRESIDENT/SECRETARY/EXEC D	55.00	Officer Director	$364,188	$701	$364,889
FRED WILSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN O'KELLEY	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
CARLY ZAKIN	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
DESIREE GRUBER	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
ELI POLANCO	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
KIA FLOYD	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
RAGY THOMAS	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
RESHMA SAUJANI	DIRECTOR	1.00	Director	$0	$0	$0
SERKAN PIANTINO	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
SHANA FISHER	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
WILLIAM FLOYD	DIRECTOR (LEFT IN 2023)	1.00	Director	$0	$0	$0
SARAH BROWN	CHIEF OF STAFF	55.00	Key Emp	$222,875	$15,647	$238,522
TYLER BUGG	DIR OF COMMUNICATIONS	55.00	Highest	$109,596	$17,593	$127,189
JULIAN KLINE	HEAD OF POLICY	40.00	Highest	$162,917	$33,602	$196,519

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	$2,015,884	$1,914,547	$608,493	$101,337
2022	$1,568,549	$1,983,774	$698,871	$-415,225
2021	$1,298,527	$1,347,236	$1,377,251	$-48,709
2020	$1,349,808	$1,205,343	$609,853	$144,465
2019	$1,394,641	$1,219,793	$664,718	$174,848
2018	$1,284,460	$1,332,568	$382,423	$-48,108

TECHNYC INC