EMERGENT TECHNOLOGY SOLUTIONS (EIN 863253853) - Form 990 Financial Analysis & Trantor Score

🔒

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

2021

Legal Domicile

Principal Officer

JOE PALFINI

Phone

2102335837

Tax Period

2023-01-01 to 2023-12-31

EMERGENT TECHNOLOGY SOLUTIONS, founded in 2021, is a small nonprofit in the Human Services sector that reported $194K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 415% operating deficit.

Mission

EMERGENT TECHNOLOGY SOLUTIONS SHALL OPERATE TO PROMOTE THE COMMON GOOD AND WELFARE OF THE PEOPLE OF THE UNITED STATES BY COLLECTING, ORGANIZING, DEVELOPING AND REPORTING COVID 19 AND OTHER PANDEMIC AND HEALTH RELATED TEST RESULTS CONDUCTED BY, OR FOR THE BENEFIT OF, THE UNITED STATES GOVERNMENT, STATE AND LOCAL GOVERNMENTS AND THEIR RESPECTIVE AGENCIES, INSTRUMENTALITIES, AGENTS AND CONTRACTORS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $194,142

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,142

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $0

Fundraising Expenses $41

Program Expenses $1,000,306

Other Expenses $408

TOTAL EXPENSES $1,000,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,142	$2,316,790	-0.9%
Expenses	$1,000,408	$98,644	+9.1%
Net Income	$-806,266	$2,218,146	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE PALFINI	DIRECTOR / PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH HOGAN	DIRECTOR / ASST SECRETARY	1.00	Officer Director	$0	$0	$0
PRESTON LOVE	DIRECTOR / SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$194,142	$1,000,408	$2,618,328	$-806,266
2022	$2,316,790	$98,644	$3,424,594	$2,218,146
2021	$1,228,470	$22,073	$1,206,397	$1,206,397

EMERGENT TECHNOLOGY SOLUTIONS