Concurrent Technologies Corporation is a science and technology nonprofit based in Johnstown, PA, formed in 1987.
For fiscal year 2024 it reported $103.0M in revenue, $96.5M in expenses, and $64.1M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$103.0M
Pt VIII · Ln 12
Total expenses
$96.5M
Pt IX · Ln 25
Net assets
$64.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6.4M
Where spending went · Part IX cols B–D
87%
12%
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program efficiency
87%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$103.0M
FY2024▲ +21%
$103.0M$51.5M$0
FY2021FY2025
Expenses
$96.5M
FY2024▲ +17%
$98.7M$49.3M$0
FY2021FY2025
Total assets
$86.4M
FY2024▲ +18%
$86.4M$43.2M$0
FY2021FY2025
Total liabilities
$22.3M
FY2024▲ +27%
$22.3M$11.2M$0
FY2021FY2025
Total revenue
$103.0M
Pt VIII · Ln 12
Total expenses
$96.5M
Pt IX · Ln 25
Net assets
$64.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6.4M
Total assetsPt X · Ln 16$86.4M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III
Where the work happens
3 program services account for $36.5M of program spending, described in the organization's own filed words · FY2023.
01
The purpose of this contract is to provide professional services to support the Force Safety and Occupational Health(FSOH)in meeting policy objectives. The objective of the contract is to support an integrated, comprehensive SOH program designed to reduce mishap, injury and occupational illness risk, and enable an enduring safety culture…
$13.2Mprogram expense
02
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…
$12.2Mprogram expense
03
The purpose of this contract is to provide support to SAF/IEE programs in the development, implementation, and provision of policies, guidance, oversight, strategic communications and human capital management programs to meet SAF/IEE mission objectives across the AF enterprise.
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 Edward J Sheehan JR · Reported title Board Member/President/CEO · Highest reported compensation $617K · Total expenses $96.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $52.5M · Total expenses $96.5M
54%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
87%
—
—
Overhead ratio
12%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
21%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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