INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC (EIN 900348486) - 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

2007

Legal Domicile

Principal Officer

RAFAEL LOHNER

Phone

7277587687

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

PROMOTING ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES.

🔒

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 $2,505

Program Service Revenue $249,272

Investment Income $-284,822

Other Revenue $2,000

TOTAL REVENUE $-31,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,116

Fundraising Expenses $0

Program Expenses $1,433,095

Other Expenses $1,450,166

TOTAL EXPENSES $1,547,282

Year-over-Year Comparison

	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%

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

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

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

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	$-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

INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC