KERNERSVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TECHNOLOGY FOR THE FUTURE, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $24K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 57% operating deficit.
OUR MISSION IS TO SUPPORT INNOVATIVE THINKING, DEVELOP RESOURCES, AND FORM COOPERATIONS THAT CREATE OPPORTUNITY, BETTER STANDARDS OF LIVING, AND THAT AID SOCIETY.
TECHNOLOGY FOR THE FUTURE AIMS TO OPEN DOORS TO NEW OPPORTUNITIES FOR STUDENTS AND THEIR FAMILIES BY PROVIDING THEM WITH LAPTOPS AND OTHER TECHNOLOGIES TO AID THEIR EDUCATION. WE HAVE PROVIDED OVER...
TECHNOLOGY FOR THE FUTURE AIMS TO OPEN DOORS TO NEW OPPORTUNITIES FOR STUDENTS AND THEIR FAMILIES BY PROVIDING THEM WITH LAPTOPS AND OTHER TECHNOLOGIES TO AID THEIR EDUCATION. WE HAVE PROVIDED OVER 20,000 LAPTOPS SINCE OUR FOUNDING AND CONTINUE TO WORK TOWARDS PROVIDING MORE THROUGH OUR COMMUNITY PARTNERS. OUR OPEN DOORS INITIATIVE AND OPERATION DREAM FORCE CONTINUE TO SERVE AS COMMUNITY NETWORKS OF RESOURCES AND CONNECTIONS.
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)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $24,057 | $1,855,485 | -1.0% |
| Expenses | $37,789 | $1,877,893 | -1.0% |
| Net Income | $-13,732 | $-22,408 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| BRETT HENDERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ODELL CLEVELAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID KANE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB AKERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH ERBA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE RYALS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ADRIAN MARTINCA | BOARD CHAIRMAN | 30.00 |
Officer
|
$0 | $0 | $0 |
| MIRIAM MARTINCOVA | PRESIDENT-SECRETARY | 30.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $24,057 | $37,789 | $37,665 | $-13,732 |
| 2020 | $1,855,485 | $1,877,893 | $34,185 | $-22,408 |
| 2019 | $53,410 | $125,434 | $39,320 | $-72,024 |
| 2018 | $144,192 | $96,478 | $58,401 | $47,714 |
Compare TECHNOLOGY FOR THE FUTURE with other nonprofits in North Carolina and across the country.