CENTER REDEVELOPMENT CORPORATION (EIN 042939950) - 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

1986

Legal Domicile

Principal Officer

JEFFREY LABRECQUE

Phone

4135323600

Tax Period

2024-07-01 to 2025-06-30

CENTER REDEVELOPMENT CORPORATION, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

HOLDING PROPERTY TO PROMOTE THE EDUCATIONAL MISSION OF TRUSTEES OF MOUNT HOLYOKE COLLEGE

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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 $0

Program Service Revenue $1,702,124

Investment Income $39

Other Revenue $0

TOTAL REVENUE $1,702,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $490,288

Fundraising Expenses $0

Program Expenses $1,356,253

Other Expenses $1,246,023

TOTAL EXPENSES $1,736,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,702,163	$1,567,815	+0.1%
Expenses	$1,736,311	$1,607,644	+0.1%
Net Income	$-34,148	$-39,829	-0.1%

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

$250,816

Total Directors

$250,816

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY LABRECQUE	COO THRU 3/2025 THEN CEO	40.00	Officer Director	$154,018	$22,138	$176,156
JAMES F CAREY	CEO / DIRECTOR (END 3/2025)	10.00	Officer Director	$73,401	$1,259	$74,660
DEBORAH BUCKLEY	DIRECTOR	0.25	Director	$0	$0	$0
WAYNE D GASS	DIRECTOR	0.25	Director	$0	$0	$0
STEPHEN N KREVALIN	CLERK/DIRECTOR	0.25	Officer Director	$0	$0	$0
PETER H BARRY	CHAIR	0.25	Officer Director	$0	$0	$0
JACKIE CHARRON	DIRECTOR;VICE CHAIR	0.25	Officer Director	$0	$0	$0
MARY JO MAYDEW	TREASURER/DIRECTOR	0.25	Officer Director	$0	$0	$0
LOUISE WASSO	DIRECTOR	0.25	Director	$0	$0	$0
KIMBERLY PROUGH	DIRECTOR	0.25	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	$1,702,163	$1,736,311	$3,469,540	$-34,148
2024	$1,567,815	$1,607,644	$3,196,739	$-39,829
2023	$1,511,770	$1,555,000	$3,218,026	$-43,230
2022	$1,457,408	$1,437,878	$3,166,816	$19,530
2021	$1,592,616	$1,394,182	$3,135,697	$198,434
2020	$1,532,619	$1,412,296	$3,063,297	$120,323
2019	$1,466,112	$1,384,542	$2,894,277	$81,570

CENTER REDEVELOPMENT CORPORATION