Technology Council Of Maryland Inc
Technology Council Of Maryland Inc shows strong revenue growth but frequently operates at a deficit with increasing liabilities.
EIN: 204950778 · Rockville, MD · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $3.7M |
| Program Spending | 80% |
| Net Assets | $47K |
| Transparency Score | 75/100 |
Is Technology Council Of Maryland Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Technology Council Of Maryland Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Technology Council Of Maryland Inc
Technology Council Of Maryland Inc (EIN: 204950778) is a nonprofit organization based in Rockville, MD, classified under NTEE code S41. The organization reported total revenue of $5.5M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Technology Council Of Maryland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Technology Council Of Maryland Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-159,693 |
| Total Assets | $3.9M |
| Total Liabilities | $3.9M |
| Net Assets | $47K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 98.8% |
| Months of Reserves | 12.7 months |
Financial Health Grade: C
In 2023, Technology Council Of Maryland Inc reported a deficit of $160K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 98.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Technology Council Of Maryland Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.8% | +27.2% | +265.8% |
| 2022 | +10.4% | +42.5% | -3.9% |
| 2021 | +53.0% | +32.1% | -17.5% |
| 2020 | -22.0% | -12.9% | +43.4% |
| 2019 | +17.9% | +20.0% | +40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Technology Council Of Maryland Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Technology Council Of Maryland Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $160K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and revenue, suggesting either volunteer leadership or compensation being reported under other categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Technology Council Of Maryland Inc's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), as seen in 2023 and 2022.
- Significant increase in liabilities to $3,894,857 in 2023, nearly matching assets.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and warrants further inquiry.
Strengths
The following positive indicators were identified for Technology Council Of Maryland Inc:
- Strong revenue growth, increasing from $1,234,304 in 2014 to $3,573,182 in 2023.
- Substantial asset growth, reaching $3,941,886 in 2023.
- Consistent reporting of 0% officer compensation, indicating a potential commitment to mission-focused spending or volunteer leadership.
Frequently Asked Questions about Technology Council Of Maryland Inc
Is Technology Council Of Maryland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Technology Council Of Maryland Inc (EIN: 204950778) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Technology Council Of Maryland Inc spend its money?
Technology Council Of Maryland Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Technology Council Of Maryland Inc tax-deductible?
Technology Council Of Maryland Inc is registered as a tax-exempt nonprofit (EIN: 204950778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Technology Council Of Maryland Inc's spending goes to programs?
Technology Council Of Maryland Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Technology Council Of Maryland Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Technology Council Of Maryland Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Technology Council Of Maryland Inc located?
Technology Council Of Maryland Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 204950778. It is classified under NTEE code S41.
How many years of IRS 990 filings does Technology Council Of Maryland Inc have?
Technology Council Of Maryland Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.5M in total revenue.
Why does the organization consistently report 0% officer compensation?
This is highly unusual for an organization with revenues exceeding $3 million. It could indicate that leadership is entirely volunteer-based, or that compensation is categorized differently, which would require further clarification for full transparency.
What is the nature of the significant increase in liabilities to $3,894,857 in 2023?
The substantial increase in liabilities, almost matching assets, could be due to various factors such as deferred revenue, program-related debt, or capital expenditures. Understanding the composition of these liabilities is crucial for assessing financial risk.
How does the organization plan to address the recurring instances where expenses exceed revenue?
Operating at a deficit, as seen in 2023 and 2022, can erode reserves over time. The organization should outline strategies for achieving financial sustainability, whether through increased revenue generation or cost optimization.
What is the breakdown of program spending given the NTEE code S41 (Business & Commerce Organizations)?
While the NTEE code indicates a focus on business and commerce, a detailed breakdown of specific program activities and their associated costs would provide greater insight into how the organization achieves its mission.
Filing History
IRS 990 filing history for Technology Council Of Maryland Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Technology Council Of Maryland Inc's revenue has grown by 95.6%, moving from $1.8M to $3.6M. Total assets increased by 476.9% over the same period, from $683K to $3.9M. Total functional expenses rose by 88.9%, from $2.0M to $3.7M. In its most recent filing year (2023), Technology Council Of Maryland Inc reported a deficit of $160K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $3.9M in assets (debt-to-asset ratio: 98.8%), resulting in net assets of $47K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.7M | $3.9M | $3.9M | — | View 990 |
| 2022 | $2.8M | $2.9M | $1.1M | $871K | — | View 990 |
| 2021 | $2.5M | $2.1M | $1.1M | $774K | — | View 990 |
| 2020 | $1.7M | $1.6M | $1.4M | $1.5M | — | View 990 |
| 2019 | $2.1M | $1.8M | $948K | $1.2M | — | View 990 |
| 2018 | $1.8M | $1.5M | $676K | $1.2M | — | View 990 |
| 2017 | $1.8M | $1.9M | $779K | $1.6M | — | View 990 |
| 2016 | $1.9M | $2.0M | $444K | $1.2M | — | View 990 |
| 2015 | $1.6M | $1.9M | $492K | $1.1M | — | View 990 |
| 2014 | $1.2M | $1.6M | $296K | $683K | — | View 990 |
| 2013 | $1.5M | $1.4M | $456K | $447K | — | View 990 |
| 2012 | $1.4M | $1.7M | $496K | $526K | — | View 990 |
| 2011 | $1.8M | $2.0M | $683K | $477K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.7M, and assets of $3.9M (revenue +27.8% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.9M, and assets of $1.1M (revenue +10.4% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.1M, and assets of $1.1M (revenue +53.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $1.4M (revenue -22.0% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.8M, and assets of $948K (revenue +17.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $676K (revenue +0.7% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $779K (revenue -5.8% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.0M, and assets of $444K (revenue +17.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.9M, and assets of $492K (revenue +30.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.6M, and assets of $296K (revenue -16.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $456K (revenue +2.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.7M, and assets of $496K (revenue -21.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.0M, and assets of $683K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Technology Council Of Maryland Inc:
Data Sources and Methodology
This transparency report for Technology Council Of Maryland Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.