MEDTECH INNOVATOR (EIN 813132011) - 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

PAUL GRAND

Phone

7074666887

Tax Period

2023-07-01 to 2024-06-30

MEDTECH INNOVATOR, founded in 2016, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $5.7M exceeded revenue, resulting in a 170% operating deficit.

Mission

MEDTECH INNOVATOR ORGANIZES AND RUNS A GLOBAL COMPETITION AND VIRTUAL ACCELERATOR FOR MEDICAL DEVICE, DIGITAL HEALTH, AND DIAGNOSTIC STARTUP COMPANIES.

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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 $2,052,545

Program Service Revenue $0

Investment Income $51,313

Other Revenue $0

TOTAL REVENUE $2,103,858

Expense Breakdown

Grants Paid $1,224,000

Salaries & Benefits $3,299,574

Fundraising Expenses $214,323

Program Expenses $5,016,119

Other Expenses $1,148,292

TOTAL EXPENSES $5,671,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,103,858	$13,316,576	-0.8%
Expenses	$5,671,866	$3,953,081	+0.4%
Net Income	$-3,568,008	$9,363,495	-1.4%

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

500

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

$1,218,999

Total Directors

$830,320

Key Employees

$448,899

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
PAUL GRAND	CEO & PRESIDENT	50.00	Officer Director	$772,578	$57,742	$830,320
BIREN MEHTA	DIRECTOR	2.00	Director	$0	$0	$0
KAREN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN ZAVALA	COO	50.00	Officer	$364,375	$24,304	$388,679
BRIAN BENSON	SENIOR VICE PRESIDENT	40.00	Key Emp	$227,038	$30,243	$257,281
AYELET MAROM	VP, PROGRAMS	40.00	Key Emp	$163,390	$28,228	$191,618
DIANE BOUIS	DIRECTOR	40.00	Highest	$133,800	$5,232	$139,032
DAPHNE AGHALARPOUR	CHIEF OF STAFF	40.00	Highest	$109,000	$11,609	$120,609
JERRY CIOLINO	DIRECTOR OF OPERATIONS	40.00	Highest	$101,144	$7,940	$109,084

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
2025	No data	No data	No data	No data
2024	$2,103,858	$5,671,866	$11,294,121	$-3,568,008
2023	$13,316,576	$3,944,254	$14,756,217	$9,372,322
2023	$13,316,576	$3,953,081	$14,747,390	$9,363,495
2022	$3,463,152	$3,537,911	$5,483,836	$-74,759
2021	$4,844,645	$2,373,425	$5,886,574	$2,471,220
2021	$4,583,203	$2,429,703	$5,498,332	$2,153,500
2020	$3,170,048	$2,297,744	$3,296,929	$872,304
2020	$3,417,724	$2,206,687	$3,598,587	$1,211,037
2019	$3,072,789	$2,120,211	$2,303,469	$952,578
2018	$947,412	$2,057,158	$1,430,046	$-1,109,746

MEDTECH INNOVATOR