CLEARWATER, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $31K in total revenue in fiscal year 2023. Revenue fell 119% from the prior year — a significant decline worth monitoring.
THE INSTITUTE'S MISSION IS ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION AND FUNDING OF NEW DISCOVERIES GENERATED FROM FLORIDA INNOVATION BUSINESSES. SUCCESS IS MEASURED BY THE NUMBER OF NEW VENTURES AND JOBS THAT ARE CREATED, AND THE AMOUNT OF CAPITAL COMPANIES RAISE.
CONSISTENT WITH FLORIDA'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT AND CAPITAL TO CREATE NEW STARTUP COMPANIES. THE...
CONSISTENT WITH FLORIDA'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT AND CAPITAL TO CREATE NEW STARTUP COMPANIES. THE INSTITUTE ALSO MANAGES SEED FUNDING PROGRAMS TO PROVIDE FUNDING TO QUALIFIED EARLY STAGE COMPANIES. RECIPIENTS MUST MATCH INSTITUTE FUNDING WITH PRIVATE INVESTMENT CAPITAL, AND FUNDED COMPANIES HAVE RAISED NEARLY 100 MILLION IN PRIVATE MATCHING FUNDS THIS YEAR. THE INSTITUTE'S FUNDS CONTINUE TO BE MANAGED BY THE SAME PRIVATE FUND MANAGER AS LAST FISCAL YEAR. INSTITUTE COMPANIES GENERATED OVER 90 MILLION IN REVENUE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $-31,045 | $163,151 | -1.2% |
| Expenses | $1,547,282 | $2,918,595 | -0.5% |
| Net Income | $-1,578,327 | $-2,755,444 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RAFAEL LOHNER | EXECUTIVE DI | 40.00 |
Officer
|
$90,000 | $0 | $90,000 |
| RENEE FINLEY | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM O'CONNELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHERRICK RICK WASSEL | VICE CHAIRMA | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LYNN MATTICE | TREASURER | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $-31,045 | $1,547,282 | $12,702,532 | $-1,578,327 |
| 2023 | $163,151 | $2,918,595 | $14,290,682 | $-2,755,444 |
| 2022 | $342,694 | $1,727,814 | $17,091,469 | $-1,385,120 |
| 2021 | $787,082 | $2,905,252 | $18,448,245 | $-2,118,170 |
| 2020 | $552,446 | $1,704,721 | $20,563,191 | $-1,152,275 |
| 2019 | $672,170 | $1,869,446 | $21,804,026 | $-1,197,276 |
Compare INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC with other nonprofits in Florida and across the country.