Technology Advancement Center Inc (EIN 825030336) - 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

2017

Legal Domicile

Principal Officer

Greg Smith

Phone

4436264450

Tax Period

2023-01-01 to 2023-12-31

Technology Advancement Center Inc, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $50.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.3M, a strong 20% operating margin.

Mission

The Technology Advancement Center, Inc. is a 501(c)(4) not for profit dedicated to the study, test, evaluation, rapid prototyping, and community of interest outreach to industry, academia, k12, and state and local and federal government. Our work accelerates the confidence needed to make investments in cybersecurity solutions, companies and helps organizations discover cybersecurity and related technologies that align with current and future requirements.

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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 $50,160,285

Program Service Revenue $0

Investment Income $152

Other Revenue $0

TOTAL REVENUE $50,160,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,299,666

Fundraising Expenses $3,105

Program Expenses $35,485,174

Other Expenses $36,590,149

TOTAL EXPENSES $39,889,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,160,437	$37,591,709	+0.3%
Expenses	$39,889,815	$35,759,279	+0.1%
Net Income	$10,270,622	$1,832,430	+4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Tohn	Board Member	1.00	Director	$0	$0	$0
Tom Sadowski	Board Member	1.00	Director	$0	$0	$0
Linda Singh	Board Member	1.00	Director	$0	$0	$0
Jennifer Bodensiek	Board Member	1.00	Director	$0	$0	$0

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	$50,160,437	$39,889,815	$29,890,688	$10,270,622
2022	$37,591,709	$35,759,279	$18,689,580	$1,832,430
2021	$24,715,450	$22,763,017	$10,081,190	$1,952,433
2020	$21,712,918	$18,923,317	$6,894,367	$2,789,601

Technology Advancement Center Inc