Tri-city Technology Education Collaborative Inc

Nonprofit profile at a glance

EIN
043511567
IRS 990 coverage
2013–2022
Forms available
Form 990 2022
Location
Medford, MA, USA
Phone
7813916917
Rating confidence
Limited
Sector
Job Training

Official website

Reported finances

Revenue
$0
Expenses
$45,348
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ROY BELSON (PRESIDENT)
  • MOLLY LADEN (EXECUTIVE DIRECTOR)

People named in this filing

  • ROY BELSON (PRESIDENT)
  • RICHARD HOWARD (TREASURER)
  • FREDERICK FORESTEIRE (CLERK)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission, as a collaborative organization, is to provide training to students, adults and teachers in order to prepare and maintain a technology-literate workforce in the school districts of the tri-city area of malden, everett and medford, Massachusetts.

What it reported doing in 2022

The organization ("tritec") was created by the tri-city school districts to create economies of scale around common curricular and technology-integration-related issues affecting the school districts. Tritec promotes collaboration among the partners and has been very effective in assisting the tri-city school districts in pursuing and implementing collaborative and competitive initiatives aimed at increasing student learning in the various content areas. Tritec has enabled its collaborative partners to raise millions of dollars in federal and state grants to support programs for tri-city teachers, adults and students.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 96.9%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -12.8% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: -21.4% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -14.7% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 96.9% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $44K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 9 filing years from 2013 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.