Concurrent Technologies Corporation is a science and technology nonprofit based in Johnstown, PA, formed in 1987.
For fiscal year 2022 it reported $78.8M in revenue, $75.1M in expenses, and $51.9M in net assets.Pt I
Where the money goes · FY2022
Total revenue
$78.8M
Pt VIII · Ln 12
Total expenses
$75.1M
Pt IX · Ln 25
Net assets
$51.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.7M
Where spending went · Part IX cols B–D
86%
12%
Program services $0.86 Management & general $0.12 Fundraising $0.02
Surplus margin
+5%
revenue over expenses, this year
Donor-funded
92%
of revenue is gifts & grants
Summary of the Filing
Part I · fiscal year 2022 · Form 990
Revenue
$78.8M
FY2022▲ +12%
$103.0M$51.5M$0
FY2021FY2025
Expenses
$75.1M
FY2022▲ +10%
$98.7M$49.3M$0
FY2021FY2025
Total assets
$66.6M
FY2022▼ -6%
$86.4M$43.2M$0
FY2021FY2025
Total liabilities
$14.7M
FY2022▼ -24%
$22.3M$11.2M$0
FY2021FY2025
Total revenue
$78.8M
Pt VIII · Ln 12
Total expenses
$75.1M
Pt IX · Ln 25
Net assets
$51.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.7M
Total assetsPt X · Ln 16$66.6M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III
Where the work happens
3 program services account for $30.7M of program spending, described in the organization's own filed words · FY2020.
01
The Interboundary Secure Information Sharing (ISIS) Program will develop a new cross domain system, the Next Generation Cross Domain Solution (NGCDS), that will consolidate the functionality of several existing cross domain systems and incorporate new cross domain technologies to provide a comprehensive cross domain capability for…
$12.6Mprogram expense
02
CTC provide operations and sustainment, technical management, and analytical support to mishap, risk, health and resilience, and Drug Demand Reduction education and training, implementation, data collection and analysis, reporting, maintenance, and, assessment for the Under Secretary of Defense for Personnel and Readiness, USD (P&R)…
$10.2Mprogram expense
03
The purpose of this contract is to support the Marine Corps' efforts to meet Energy Reliability and Resilience requirements. Contractor services are required to support different sections (i.e.
Edward J Sheehan JR’s $699K as Board Member/President/CEO
is at the 37th percentile of top reported officer pay among 43 $100M+ science & technology nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual — · Reported title — · Highest reported compensation — · Total expenses $75.1M
No individual compensation reported on this filing
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $75.1M
—
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
86%
—
—
Overhead ratio
12%
—
—
Fundraising cost ratio
2%
—
—
Revenue growth
12%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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