NEW HAMPSHIRE TECH FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

JULIE DEMERS

Phone

6039358951

Tax Period

2024-01-01 to 2024-12-31

NEW HAMPSHIRE TECH FOUNDATION, founded in 2019, is a micro nonprofit in the Employment sector that reported $63K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $60K left a modest 4% surplus.

Mission

TO SUPPORT AND CARRY OUT THE SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES OF THE NEW HAMPSHIRE TECH ALLIANCE, INC.

Program Service Accomplishments

Program 1

Expenses: $36,694

PROMOTION OF TECHNOLOGY CAREERS AND PATHWAYS TO YOUTH AND UNDERSERVED OR UNDERREPRESENTED POPULATIONS.

Program 2

Expenses: $4,543

SUPPORT AND EDUCATION FOR ENTREPRENEURS IN NEW HAMPSHIRE.

Program 3

Expenses: $9,681

SUPPORT OF WORKFORCE DEVELOPMENT INITIATIVES WITHIN THE TECHNOLOGY SECTOR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,488

Program Service Revenue $0

Investment Income $0

Other Revenue $41,190

TOTAL REVENUE $62,678

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,918

Other Expenses $53,974

TOTAL EXPENSES $59,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,678	$39,612	+0.6%
Expenses	$59,974	$47,708	+0.3%
Net Income	$2,704	$-8,096	-1.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$120,754

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY PENASKOVIC	VICE CHAIR	0.25	Director	$0	$0	$0
JASON GAGNON	TREASURER	0.25	Officer Director	$0	$0	$0
GARY SLOPER	PAST CHAIR	0.25	Officer Director	$0	$0	$0
HEATHER LAVOIE	CHAIR	0.25	Officer Director	$0	$0	$0
DAVID JANELLE	DIRECTOR	0.25	Director	$0	$0	$0
NATHAN PASCARELLA	DIRECTOR	0.25	Director	$0	$0	$0
MARLANA TROMBLEY	SECRETARY	0.25	Officer Director	$0	$0	$0
ADAM COUGHLIN	DIRECTOR	0.25	Director	$0	$0	$0
JEREMY HITCHCOCK	DIRECTOR	0.25	Director	$0	$0	$0
RAJESH NAIR	DIRECTOR	0.25	Director	$0	$0	$0
KATIE DESTRAMP	DIRECTOR	0.25	Director	$0	$0	$0
SHANNON HERRMANN	DIRECTOR	0.25	Director	$0	$0	$0
MARC EICHENBERGER	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER JOYCE	DIRECTOR	0.25	Director	$0	$0	$0
JULIE LENZER	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT MERRICK	DIRECTOR	0.25	Director	$0	$0	$0
EJ PONTO	DIRECTOR	0.25	Director	$0	$0	$0
PETER RICHARD	DIRECTOR	0.25	Director	$0	$0	$0
FLO NICHOLAS	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY CHU	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH BATOR	DIRECTOR	0.25	Director	$0	$0	$0
JULIE DEMERS	EXECUTIVE DIRECTOR	0.25	Officer	$0	$0	$120,754

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	$62,678	$59,974	$852,291	$2,704
2023	$39,612	$47,708	$850,462	$-8,096
2022	$16,944	$22,852	$811,229	$-5,908
2021	$804,441	$2,490	$815,005	$801,951
2020	$9,370	$1,862	$7,828	$7,508
2019	$328	$35	$1,893	$293