Technology Management Instituteinc

Nonprofit profile at a glance

EIN
863300175
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Falls Church, VA, USA
Phone
5183697399
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$148,460
Expenses
$217,208
Assets
$131,804
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Highest reported compensation

  • DR THOMAS TRISCARI JR (EXECUTIVE DI): $122,100 total reported compensation
  • MS MA TERESITA TRINCHERA (DIRECTOR): $18,500 total reported compensation
  • MR LEO CANSECO ESQ (DIRECTOR): $2,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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, semiconductor technology, artificial intelligence, quantum computing, cyber-security, cognitive systems engineering, innovation/technology commercialization and entrepreneurship. This includes making recommendations regarding related policy impacts that would be useful to the individual and beneficial to the community.

What it reported doing in 2024

Scale rensselaer concept - critical governance, management & contractual recommendations for consideration by the crc (innovation and entrepreneurship) ------------------------------------------------------------------------ in september of 2024, after months of discussions between the rensselaer county indistrial development agency (rcida) and rensselaer polytechnic institute (rpi) to advance the concept of creating "scale rensselaer' -- an innovative technology accelerator modeled after mit's 'engine' -- technology management institte, inc. Was awarded a contract for the period 9/12/24 to 5/31/25. Technology management institute, inc. Contracted to provide dedicated support to the crc (rensselaer county capital resource corporation)board to support the crc board's oversight, strategic assessment and budgetary decision-making. Under the terms of the contract, technology management institute, inc. Has provided the crc with recommendations on governance issues, management structure and contractual matters. In october 2024, tmi provided enhanced support in advancing the program. The contract with the rcida board is for 270,000, which will be paid in two installments of 145,000 each: the first installment was paid in 2024 and the second installment will be paid in 2025. Accomplishments --------------- in decembere 2024, the rensselaer county legislature approved the county executive's 2025 budget, which included 8,000,000 for this initiave, in which technology management instutite, inc. Will be a participant. It is thought that this award promises to provide a transformational program for the region.

Operating model

Revenue model
Grant-funded. 98% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 90
  • Accountability: 63
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 78.1%; rating input score 78
  • Fundraising efficiency: $152.47 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -46.3%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 67%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 35.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 39.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 38.1% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 78.1% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $170K in reported program spending
  • Leadership: top reported pay $122K · 4 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.