TECHNOLOGY BY DESIGN INC

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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

2024

Legal Domicile

Principal Officer

DONALD JURON

Phone

7163744832

Tax Period

2024-04-01 to 2025-03-31

TECHNOLOGY BY DESIGN INC, founded in 2024, is a community nonprofit in the Public & Societal Benefit sector that reported $4.4M in total revenue in fiscal year 2024. The organization ran a surplus of $700K, a strong 16% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR CARRY OUT THE CHARITABLE PURPOSES OF ORGANIZATIONS THAT PARTICIPATE IN THE NETWORK THAT COMPRISES NEW YORK'S STATEWIDE HEALTH INFORMATION EXCHANGE COLLECTIVELY, THE "SUPPORTED ORGANIZATIONS"), INCLUDING BY PROVIDING TECHNOLOGY, INFRASTRUCTURE AND RELATED SERVICES TO ASSIST THE SUPPORTED ORGANIZATIONS IN THEIR PARTICIPATION IN NEW YORK'S STATEWIDE HEALTH INFORMATION EXCHANGE NETWORK AND TO SUPPORT THE SUPPORTING ORGANIZATIONS IN PURSUING THEIR RESPECTIVE MISSIONS TO ADVANCE HEALTH INFORMATION EXCHANGE IN NEW YORK STATE.

Program Service Accomplishments

Program 1

Expenses: $3,371,305 Revenue: $0

TO FULFILL ITS MISSION OF DEVELOPING A SHARED TECHNOLOGY SOLUTION FOR THE CORPORATION'S SUPPORTED ORGANIZATIONS, TECH BY DESIGN ESTABLISHED ITSELF AS A TAX-EXEMPT NONPROFIT ORGANIZATION EXECUTING AND MAINTAINING THE NECESSARY INCORPORATION DOCUMENTS AND CONDUCTING BOARD OF DIRECTOR MEETINGS AND PREPARED AND APPROVED ESSENTIAL POLICIES AND PROCEDURES. A FUNDING AGREEMENT WITH SOLE FUNDER ALONG WITH A BUDGET, STATEMENT OF WORK, REPORTING AND DELIVERABLES WAS EXECUTED WITH NYEC. THE ORGANIZATION BUDGET WAS DEVELOPED AND APPROVED ALONG WITH AN ORGANIZATION STRUCTURE, HIRING PLANS ALONG WITH RECRUITING AND HIRING OF STAFF. RFPS WERE COMPLETED ALONG WITH EVALUATIONS, SELECTIONS LEADING TO VENDOR NEGOTIATION AND CONTRACTING WITH KEY SOFTWARE VENDORS. WORKSHOPS WERE HELD WITH THE THREE SUPPORTED ORGANIZATIONS AND KEY VENDORS TO IDENTIFY FUNCTIONALITY AND USE CASES REQUIRED. TECHNICAL ARCHITECTURE WAS DOCUMENTED AND IMPLEMENTATION PLANNING COMPLETED FOR THE FIRST ORGANIZATION TO USE THE NEW SHARED SOLUTION. TECH BY DESIGN ALSO ONBOARDED LEGAL, FINANCIAL AND SECURITY SUPPORT AND ESTABLISHED A ROBUST SECURITY PROGRAM. THIS POSITIONED TECH BY DESIGN TO SUCCESSFULLY PROCEED WITH IMPLEMENTATION OF THE FIRST HIE ORGANIZATION DURING THE NEXT FISCAL YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,373,611

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,373,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,371,305

Other Expenses $3,673,682

TOTAL EXPENSES $3,673,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,373,611	N/A	N/A
Expenses	$3,673,682	N/A	N/A
Net Income	$699,929	$0	N/A

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

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

$1,371,077

Total Directors

$1,768,043

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD JURON	CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$24,197	$334,840
DANIEL PORRECA	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$22,879	$407,981
MARLENE BESSETTE	TREASURER/DIRECTOR	1.00	Officer Director	$0	$17,147	$290,455
ELIZABETH AMATO	DIRECTOR	1.00	Director	$0	$10,869	$286,370
ROBERT J HACK	DIRECTOR THRU DEC 2024	1.00	Director	$0	$11,593	$448,397
CHERYL JONES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES A SCAGLIONE	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DREW MCNICHOL	EXECUTIVE DIRECTOR	38.00	Officer	$0	$7,952	$337,801

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	$4,373,611	$3,673,682	$1,884,077	$699,929