Medtech Color EIN 83-0543603

Medtech Color

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Connects medtech leaders of color, boosts their industry presence, and fosters innovation. For fiscal year 2025 it reported $392K in revenue, $636K in expenses, and $69K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Health Care
Location
Sacramento, CA
Website
www.medtechcolor.org
Filings
6 on file (2020–2025)
Revenue
$392KFY2025
Expenses
$636K
Net assets
$69K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-0543603 Public charity (501(c)(3)) Sacramento, CA Founded 2018
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects medtech leaders of color, boosts their industry presence, and fosters innovation.
Leadership
Katrina Holland · Executive Director · $217K
Money in and out
$392K revenue, $636K expenses
Bottom line
45% program efficiency
Where the money goes · FY2025
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$636K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$244K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.44 Fundraising $0.11
Program efficiency
45%
of spending reaches programs▼ -54% vs prior filing year
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate▼ -72% vs prior filing year
Surplus margin
-62%
revenue over expenses, this year▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$392K
FY2025▼ -21%
Expenses
$636K
FY2025▼ -22%
Total assets
$69K
FY2025▼ -78%
Total liabilities
$0
FY2025
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$636K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$244K
Total assetsPt X · Ln 16$69K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $273K of program spending, described in the organization's own filed words · FY2025.
01

Medtech Color Operations

Medtech color aims to advance the representation of persons of color in the medical device industry and build a community to promote such representation in the medical device industry. Such events include the networking breakfast, medtech women, webinars, community engagements.

$132Kprogram expense
02

Networking breakfast -the medtech color annual networking breakfast is our marquee event to drive our core pillar of building a strong, diverse network of mentors and sponsors who champion thought leadership and innovative clinical advancement.

$81Kprogram expense
03

Pitch Competition and Pitch365

Medtech color pitch competition is a foundational start of medical technology early-stage startups creating innovative technologies. Innovative startups take the stage of a virtual competion to showcase their products or services that will directly benefit patients and tell their story.

$60Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMedtech Color
EINHdr · item D83-0543603
Principal addressHdr · item CSacramento, CA
WebsiteHdr · item Jwww.medtechcolor.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E80)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$216,985Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Katrina Holland’s $217K as Executive Director is at the 98th percentile of top reported officer pay among 1966 $100K–1M health care 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Katrina Holland$216,985$192,308
Cheyne Stennis$118,792
Cheyne Stennis$111,596

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.

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Statement of Revenue

Part VIII
Program service revenue$360K · 92%
Contributions & grants$32K · 8%
Program service revenue92%$360K
Contributions & grants8%$32K
Investment income$11
Total revenueLn 12$392K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.44 Fundraising $0.11
Program services45%$285K
Management & general44%$279K
Fundraising11%$72K
Total functional expensesLn 25$636K

Balance Sheet

Part X · end of year
CashLn 1$69K
Total assetsLn 16$69K
Total liabilitiesLn 26$0
Total net assetsLn 32$69K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $69K · Operating expenses/yr $636K
1.3 months
Where the money goes
Program services
Program services $285K · Total expenses $636K
45%
Management & General
Management & general $279K · Total expenses $636K
44%
Fundraising
Fundraising $72K · Total expenses $636K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $24K · Solicited contributions (3-yr avg) $237K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $32K · Total revenue $392K
8%
Government reliance
Government grants $0 · Total revenue $392K
0%
Earned-income share
Program service revenue $360K · Total revenue $392K
92%
Investment reliance
Investment income $11 · Total revenue $392K
<0.01%
Program self-sufficiency
Program service revenue $360K · Total expenses $636K
57%
Growth & trend
Revenue growth (YoY)
This year $392K · Prior year $500K
-21%
Revenue CAGR
FY2020 $205K · FY2025 $392K
+14%
Net-asset trend (YoY)
End of year $69K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $392K · Expenses $636K
-62%
Liabilities-to-Assets
Total liabilities — · Total assets $69K
Net-asset ratio
Net assets $69K · Total assets $69K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $69K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katrina Holland · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $217K · Total expenses $636K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $249K · Total expenses $636K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 44%
Fundraising cost ratio 224%
Revenue growth -21%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$60K
Grants paid · 15 grants · $545K · 2021–2024
Emboa MedicalFY2024$75,000
Well Miss CompanyFY2024$50,000
Expect FitnessFY2024$25,000
Backpack HealthFY2023$80,000
JunebrainFY2023$50,000
Tanzen MedicalFY2023$25,000
Navigate MaternityFY2023$25,000
Candlelit TherapyFY2022$75,000
Tab DiagnosticsFY2022$25,000
Allergen IqFY2022$15,000
Respira LabsFY2021$35,000
Guardian Lane INCFY2021$25,000
Starling Medical INCFY2021$15,000
Sayenza BiosciencesFY2021$15,000
Alva Health INCFY2021$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$392K revenue · viewing · ⤓ 990 PDF
FY2024$500K revenue · ⤓ 990 PDF
FY2023$614K revenue · ⤓ 990 PDF
FY2022$651K revenue · ⤓ 990 PDF
FY2021$423K revenue · ⤓ 990 PDF
FY2020$205K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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