CENTER FOR DISCOVERY MAGNET SERVICES CORPORATION (EIN 030474526) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

DR THERESA HAMLIN

Phone

8457941400

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR DISCOVERY MAGNET SERVICES CORPORATION, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

TO PROVIDE EDUCATIONAL TRAINING, HOUSING ACCOMMODATIONS AND SPECIALLY DESIGNED FACILITIES, EQUIPPED AND OPERATED TO MEET THE PHYSICAL, MENTAL, (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,925,821

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,925,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,901,645

TOTAL EXPENSES $1,901,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,925,821	$2,327,629	-0.2%
Expenses	$1,901,645	$2,084,816	-0.1%
Net Income	$24,176	$242,813	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD C SWEENEY	CHAIRPERSON	0.17	Officer Director	$0	$0	$0
EDWARD GIANCONTIERI	VICE CHAIR (THRU 12/5/23)	0.23	Officer Director	$0	$0	$0
NELLY BLY-AROUGHETI	VICE CHAIR (THRU 12/5/23)	0.23	Officer Director	$0	$0	$0
EILEEN M NAUGHTON	TREASURER	0.17	Officer Director	$0	$0	$0
WILLIAM MYSLINSKI PHD	TREASURER (THRU 6/28/23)	0.23	Officer Director	$0	$0	$0
MICHAEL J DUBILIER	SECRETARY	0.17	Officer Director	$0	$0	$0
ELLEN ALEMANY	DIRECTOR	0.13	Director	$0	$0	$0
KIM RAISLER	DIRECTOR	0.15	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,925,821	$1,901,645	$4,684	$24,176
2022	$2,327,629	$2,084,816	$168,826	$242,813
2021	$1,104,606	$1,556,534	$189,155	$-451,928
2020	$388,984	$1,362,866	$228,140	$-973,882
2019	$1,637,312	$1,637,312	$304,414	No data
2018	$3,195,809	$2,900,847	$2,500,127	$294,962

CENTER FOR DISCOVERY MAGNET SERVICES CORPORATION