HEALTH TECH ALLEY

EIN: 853265038 501(c)(3) Health Care

Columbia, MD

Total Revenue
$699,937
Total Expenses
$535,534
Total Assets
$295,067
Net Assets
$295,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Principal Officer
Greg Miller
Phone
3102007826
Tax Period
2024-01-01 to 2024-12-31

HEALTH TECH ALLEY, founded in 2020, is a small nonprofit in the Health Care sector that reported $700K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 23% operating margin.

Mission

Health Tech Alley, Inc.'s (HTA) mission is to enable solutions and services to medically underserved communities and the organizations that serve them. HTA has the particular intent to catalyze economic mobility for underestimated populations and communities of color, address workforce barriers, and advocate for solutions that address social determinants of health (SDoH).

Program Service Accomplishments

Program 1
Expenses: $59,529 Revenue: $0

In FY23, Health Tech Alley completed the delivery of the MD Labor EARN program 1.0 and successfully placed 70% of those served - with training, career development and placement services - into...

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In FY23, Health Tech Alley completed the delivery of the MD Labor EARN program 1.0 and successfully placed 70% of those served - with training, career development and placement services - into healthcare employment. The success of this program led to an extension of the grant with MD Labor with a 50% increase in funds. In FY24, we completed the delivery of the MD Labor EARN 2.0 program and started the 3.0 program. These programs are creating career opportunity for front office, administrative and direct care occupational roles in healthcare setting. A complementary program, Direct Care Workforce Innovation, was also awarded to HTA to accelerate access to direct care roles in a variety of settings.

Program 2
Expenses: $359,740 Revenue: $0

HTA co-founded a consortium of non-profits, under a new initiative labeled the Maryland Apprenticeship Connector. This consortium was awarded a sizable grant from the Maryland State Department of...

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HTA co-founded a consortium of non-profits, under a new initiative labeled the Maryland Apprenticeship Connector. This consortium was awarded a sizable grant from the Maryland State Department of Education to advance Youth Apprenticeship Programming in a variety of industries across the state of Maryland. This $3M initiative began in 2023 with funding continuing through 2024 and reporting continue to spring 2025. This statewide initiative is building infrastructure to assist the state in scaling apprenticeships through 2030 with a goal of 45% of graduating high school seniors connecting to a registered apprenticeship program and attaining an industry recognized credential. We have created partnerships with 30+ employer trade organizations and workforce agencies; confirmed outreach to 150+ employers and all Public School Systems. This initiative is in partnership with the MD State Department of Education and MD Department of Labor.

Program 3
Expenses: $9,358 Revenue: $0

In partnership with the University of Maryland Medical Center, we launched a 'Clean & Green' initiative to create opportunity for returning citizens to find access to employment opportunity. This...

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In partnership with the University of Maryland Medical Center, we launched a 'Clean & Green' initiative to create opportunity for returning citizens to find access to employment opportunity. This unique program connects reentry citizens with paid community projects, supportive services and career placement services. This program continues through 2024. We intended 6-8 cohorts, 50+ citizens served.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $695,226
Program Service Revenue $0
Investment Income $4,711
Other Revenue $0
TOTAL REVENUE $699,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $195,032
Fundraising Expenses $0
Program Expenses $468,649
Other Expenses $340,502
TOTAL EXPENSES $535,534

Year-over-Year Comparison

2024 2023 Change
Revenue $699,937 $338,615 +1.1%
Expenses $535,534 $271,258 +1.0%
Net Income $164,403 $67,357 +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

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Governance

Voting Members
3
Independent Members
3
Employees
6
Volunteers
N/A

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
3
$157,000
Total Directors
3
$157,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Miller President/Executive Director 40
Officer Director Highest
$157,000 $0 $157,000
Rob Zimmerman Controller 2
Officer Director
$0 $0 $0
Chioma Obi Secretary 2
Officer 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
2025 No data No data No data No data
2024 $699,937 $535,534 $295,067 $164,403
2023 $338,615 $271,258 $126,335 $67,357
2022 $697,524 $655,268 $79,729 $42,256
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