TECHNOLOGY MANAGEMENT INSTITUTEINC

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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

2021

Legal Domicile

Principal Officer

DR THOMAS TRISCARI JR

Phone

5183697399

Tax Period

2023-01-01 to 2023-12-31

TECHNOLOGY MANAGEMENT INSTITUTEINC, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $327K in total revenue in fiscal year 2023. Revenue surged 1579% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 50% operating margin.

Mission

OUR MISSION AND PURPOSE IS TO CONDUCT AND PROMOTE BASIC AND APPLIED RESEARCH OF CONTEMPORARY EDUCATION ISSUES, WHICH INCLUDE BUT ARE NOT LIMITED TO -- PERSPECTIVES FROM INFORMATION TECHNOLOGY, DATA ANALYSIS, CYBER-SECURITY,COGNITIVE SYSTEMS ENGINEERING, INNOVATION/TECHNOLOGY COMMERCIALIZATION AND ENTREPRENEURSHIP. THIS INCLUDES MAKING RECOMMENATIONS REGARDING RELATED POLICY IMPACTS THAT WOULD BE USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $20,250

TECHNOLOGY ORIENTATION PROGRAMS (TOP) FOR UNDERSERVED STUDENTS -------------------------------------------------------------- IN THE SPRING SEMESTER OF 2023, THE PROGRAM (INTRODUCING THE TECHNOLOGY AND BUSINESS INDUSTRY WITH RENSSELAER COUNTY, NY UNDER-SERVED, AT-RISK, INNER CITY YOUTH GRADES 7-10) WAS CONTINUED WITH THE RCA STUDENTS. IN EARLY 2023, THE TOP PROGRAM WAS TRANSITIONED TO NYSTEC AND IGNITE U NY, WHO TOOK OVER THE FINANCIAL SUPPORT AS WELL. THROUGHOUT 2023, TECHNOLOGY MANAGEMENT INSTUTUTE, INC. CONTINUED TO SUPPORT THE TOP PROGRAM, LARGELY THROUGH STAFF VOLUNTEERING TIME AND MINIMAL FINANCIAL RESOURCES.

Program 2

Expenses: $21,319

INTEGRATED CIRCUIT CHIP DESIGN & FABRICATION PROOF OF CONCEPT PROGRAM FOR STEM COLLETE STUDENTS ------------------------------------------------------------------------- TECHNOLOGY MANAGEMENT...

INTEGRATED CIRCUIT CHIP DESIGN & FABRICATION PROOF OF CONCEPT PROGRAM FOR STEM COLLETE STUDENTS ------------------------------------------------------------------------- TECHNOLOGY MANAGEMENT INSTITUTE, INC SPEARHEADED THE DEVELOPMENT AND IMPLEMENTATION OF A PROOF-OF-CONCEPT PROGRAM FOR COLLEGE STUDENTS TO UTILIZE AN OPEN-SOURCE SOFTWARE PLATFORM TO DESIGN AND FABRICATE AN INTEGRATED CIRCUIT. IN EARLY 2023, TECHNOLOGY MANAGEMENT INSTITUTE INC. CONTINUED TO SUPPORT NY DESIGN AS THEY TOOK THE INITIATIVE TO IMPLEMENT THE INITIAL PROGRAM WITH EFABLESS WITH A SET OF ACADEMIC ORGANIZATIONS IN NYS. IN THE SUMMER OF 2023, OUR SUPPORT FOR THE PROGRAM ENDED.

Program 3

Expenses: $97,572

INSPIRE FELLOWSHIP ------------------------------------------------------------------------- IN THE SUMMER OF 2023, BUILDING ON EFFORTS UNDERTAKEN IN 2022, TECHNOLOGY MANAGEMENT INSTITUTE, INC. WAS AWARDED A 300,000 GRANT TO IMPLEMENT AN EXPERIMENTAL 9-MONTH PROGRAM FOCUSED ON UNDERSTANDING AND ASSESSING THE IMPACT OF DISRUPTIVE TECHNOLOGY (E.G., ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, QUANTUM COMPUTING, ETC.)ON A SET OF SPECIFIC BUSINESSES IN CERTAIN GROWTH INDUSTRIES. IN THE FALL OF 2023, AN INITIAL OFFERING OF THE PROGRAM WAS IMPLEMENTED WITH UNIVERSITY AND COMMUNITY COLLEGE STUDENTS. AN ADVISORY BOARD WAS ESTABLISHED TO CHAMPION THE PROGRAM. TECHNOLOGY MANAGEMENT INSTITUTE, INC ALSO ENGAGED AND RETAINED IGNITE U NY TO SUPPORT THE IMPLEMENTATION OF THE PROGRAM, WHICH WAS EFFECTIVELY IMPLEMENTED IN 2023.

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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 $325,000

Program Service Revenue $0

Investment Income $2,142

Other Revenue $0

TOTAL REVENUE $327,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,842

Fundraising Expenses $1,588

Program Expenses $139,141

Other Expenses $71,546

TOTAL EXPENSES $164,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,142	$19,486	+15.8%
Expenses	$164,388	$99,274	+0.7%
Net Income	$162,754	$-79,788	-3.0%

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

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

$45,700

Total Directors

$86,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR THOMAS TRISCARI JR	EXECUTIVE DI	12.00	Officer Director	$45,700	$0	$45,700
MR LEO CANSECO ESQ	DIRECTOR	1.00	Director	$2,500	$0	$2,500
MS MA TERESITA TRINCHERA	DIRECTOR	6.00	Director	$38,500	$0	$38,500

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	$327,142	$164,388	$200,552	$162,754
2022	$19,486	$99,274	$37,798	$-79,788
2021	$156,751	$39,165	$117,586	$117,586