POLUS CENTER FOR SOCIAL AND ECONOM… - Form 990 Financial Data

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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

1980

Legal Domicile

Phone

9783681550

Tax Period

2024-07-01 to 2025-06-30

POLUS CENTER FOR SOCIAL AND ECONOMIC DEVELOPMENT INC, founded in 1980, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

THE POLUS CENTER FOR SOCIAL AND ECONOMIC DEVELOPMENT, INC. STRIVES TO CREATE OPPORTUNITIES FOR PERSONS WITH DISABILITIES, ESPECIALLY PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED, AND MEMBERS OF OTHER VULNERABLE GROUPS TO BECOME VALUED CITIZENS WITHIN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,306,406

TRAINING AND CONSULTING - WORKING WITH GRASSROOTS ORGANIZATIONS TO HELP THEM PLAN AND IMPLEMENT ECONOMIC, SOCIAL INTERGRATION, AND COMMUNITY BASED REHABILITATION PROJECTS. ACTIVE PARTICIPATION IN...

TRAINING AND CONSULTING - WORKING WITH GRASSROOTS ORGANIZATIONS TO HELP THEM PLAN AND IMPLEMENT ECONOMIC, SOCIAL INTERGRATION, AND COMMUNITY BASED REHABILITATION PROJECTS. ACTIVE PARTICIPATION IN THESE PLANNING SESSIONS OFFERS A UNIQUE ACTION LEARNING OPPORTUNITY FOR PARTICIPANTS TO LEARN ABOUT VICTIM ASSISTANCE AND DEVELOPING A PERSON-CENTERED HUMAN SERVICE MODEL. IN ADDITION, THE ORGANIZATION PROVIDES LEADERSHIP TRAINING, ORGANIZATION DEVELOPMENT, AND SMALL BUSINESS CAPACITY BUILDING TO BOTH NON-PROFIT AND FOR-PROFIT ORGANIZATIONS THROUGHOUT THE U.S. THE ORGANIZATION ALSO ADVOCATES FOR JOB DEVELOPMENT FOR PEOPLE WITH DISABILITIES SO THAT THEY MIGHT FIND JOBS BASED ON THEIR SKILLS AND INTERESTS.

Program 2

THE INTERNATIONAL PROGRAM - COORDINATE HUMANITARIAN EFFORTS AIMED AT ADDRESSING THE LONG-TERM NEEDS OF PEOPLE WITH DISABILITIES, PARTICULARARLY THOSE INDIVIDUALS WHO LOST LIMBS DUE TO ACTS OF WAR...

THE INTERNATIONAL PROGRAM - COORDINATE HUMANITARIAN EFFORTS AIMED AT ADDRESSING THE LONG-TERM NEEDS OF PEOPLE WITH DISABILITIES, PARTICULARARLY THOSE INDIVIDUALS WHO LOST LIMBS DUE TO ACTS OF WAR, LANDMINES AND DISEASES. THE ORGANIZATION HAS ESTABLISHED VICTIM ASSISTANCE PROGRAMS, INCLUDING PROSTHETIC CLINICS AND DISTRIBUTION, JOB TRAINING AND ECONOMIC DEVELOPMENT, LEADERSHIP TRAINING, AND ACCESSIBILITY. THE POLUS CENTER ACTIVELY WORKED ON VICTIM ASSISTANCE EFFORTS IN COLOMBIA, JORDAN, IRAQ, AND THE DEMOCRATIC REPUBLIC OF THE CONGO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,577,945

Program Service Revenue $0

Investment Income $519

Other Revenue $123

TOTAL REVENUE $1,578,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,100,678

Fundraising Expenses $39,821

Program Expenses $1,306,406

Other Expenses $522,644

TOTAL EXPENSES $1,623,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,578,587	$2,503,766	-0.4%
Expenses	$1,623,322	$2,522,226	-0.4%
Net Income	$-44,735	$-18,460	+1.4%

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

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

$76,805

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LUNDQUIST	CEO Int'l Programs	40.00		$81,933	$24,701	$106,634
THERESA KANE	CEO Us Programs	40.00		$80,772	$24,001	$104,773
JOSHUA PEARSON	Director	40.00	Director	$64,730	$12,075	$76,805
STEPHEN KIERAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
NELLIE ZARIF	Vice President	1.00	Officer Director	$0	$0	$0
STEPHEN PETEGORSKY	Clerk/Secretary	1.00	Officer Director	$0	$0	$0
RICHARD NICOLETTI	Treasurer	1.00	Officer Director	$0	$0	$0
DAVID S DEREZINSKI	Director	1.00	Director	$0	$0	$0
ANISIO CORREIA	Director	1.00	Director	$0	$0	$0
GARRET BURGESS	Director	1.00	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
2025	$1,578,587	$1,623,322	$369,900	$-44,735
2024	No data	No data	No data	No data
2023	$2,530,356	$2,443,802	$511,659	$86,554
2022	$2,187,978	$2,117,046	$593,463	$70,932
2021	$1,520,802	$1,482,112	$594,248	$38,690
2020	$1,610,100	$1,608,077	$551,150	$2,023
2019	$1,676,043	$1,633,218	$670,449	$42,825
2018	$1,830,746	$1,827,336	$602,354	$3,410

POLUS CENTER FOR SOCIAL AND ECONOMIC DEVELOPMENT INC