CHILDREN'S DYSLEXIA CENTERS INC

EIN: 043169620 501(c)(3) Philanthropy & Grantmaking

LEXINGTON, MA

Total Revenue
$9,125,382
Total Expenses
$7,298,761
Total Assets
$75,973,625
Net Assets
$75,803,010
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
WHEELER WALTER F
Phone
7818628518
Tax Period
2024-09-01 to 2025-08-31

CHILDREN'S DYSLEXIA CENTERS INC, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 20% operating margin.

Mission

TO PROVIDE PROFESSIONAL EVALUATION AND APPROPRIATE INSTRUCTION FOR CHILDREN WITH DYSLEXIA, TO INCREASE PUBLIC AWARENESS OF DYSLEXIA, AND TO PROMOTE EFFECTIVE LEARNING OPTIONS.

Program Service Accomplishments

Program 1
Expenses: $6,434,967 Revenue: $264,974

THE VARIOUS CENTERS PROVIDE EVALUATION AND TREATMENT OF CHILDREN WITH LEARNING DISABILITIES; INCREASE PUBLIC AWARENESS; IMPROVE STANDARDS OF CARE;SERVICED 1,220 CHILDREN DURING PERIOD OF RECORD...

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THE VARIOUS CENTERS PROVIDE EVALUATION AND TREATMENT OF CHILDREN WITH LEARNING DISABILITIES; INCREASE PUBLIC AWARENESS; IMPROVE STANDARDS OF CARE;SERVICED 1,220 CHILDREN DURING PERIOD OF RECORD. ADDITIONALLY, PROVIDED 294 CERTIFICATIONS TO PRACTITIONERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,745,921
Program Service Revenue $264,974
Investment Income $3,107,309
Other Revenue $7,178
TOTAL REVENUE $9,125,382

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,635,413
Fundraising Expenses $168,089
Program Expenses $6,434,967
Other Expenses $1,663,348
TOTAL EXPENSES $7,298,761

Year-over-Year Comparison

2024 2023 Change
Revenue $9,125,382 $6,542,652 +0.4%
Expenses $7,298,761 $6,973,428 +0.0%
Net Income $1,826,621 $-430,776 -5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
59
Independent Members
2
Employees
504
Volunteers
549

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
5
$584,882
Total Directors
59
$1,412,838
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WHEELER WALTER F TRUSTEE/PRES 1.00
Officer Director
$0 $47,119 $362,846
SHARKIS DAVIS L FORMER EXECU 39.00
Officer Director
$182,204 $39,832 $222,036
QUATTROCCHI DANIEL ASST. DIRECT 40.00
Highest
$137,917 $55,230 $193,147
HECHT KEVIN TRUSTEE/DEPU 1.00
Director
$0 $43,964 $189,846
ELLIOT RICHARD W TRUSTEE/ML E 1.00
Director
$0 $46,619 $188,228
MCNAUGHTON JOHN BRIAN TRUSTEE/ML B 1.00
Director
$0 $53,684 $182,847
ROUP PAUL J TRUSTEE 1.00
Director
$0 $19,256 $157,849
ILLIG CARIN CLINICAL DIR 40.00
Highest
$124,215 $9,135 $133,350
HEATH ALAN R TRUSTEE 1.00
Director
$0 $36,130 $109,186
DEWOLF MICHAEL A TRUSTEE 1.00
Director
$0 $0 $0
HAINES MARK A TRUSTEE/ML B 1.00
Director
$0 $0 $0
HAISCH HENRY A TRUSTEE/BOAR 2.00
Director
$0 $0 $0
KENNEDY CRAIG A TRUSTEE 1.00
Director
$0 $0 $0
HUMPHREY L ARBY TRUSTEE/ VIC 2.00
Officer Director
$0 $0 $0
ST PIERRE PAUL C TRUSTEE/DEPU 1.00
Director
$0 $0 $0
INGLIS SCOTT D TRSTE/CDC BD 2.00
Director
$0 $0 $0
TONDA RICHARD D TRUSTEE 1.00
Director
$0 $0 $0
HELDMAN DONALD TRUSTEE/DEP 2.00
Officer Director
$0 $0 $0
BARNES DAVID TRUSTEE/BOAR 2.00
Director
$0 $0 $0
HAYRYNEN JACOB E TRUSTEE 1.00
Director
$0 $0 $0
PARKINSON KEITH E TRUSTEE/DPTY 1.00
Director
$0 $0 $0
BREWER ELDRIDGE TRUSTEE 1.00
Director
$0 $0 $0
EASTERLING JAMES F TRUSTEE/ML B 1.00
Director
$0 $0 $0
HAMILTON GEORGE F TRUSTEE/ML B 1.00
Director
$0 $0 $0
POYTON KENNETH F TRUSTEE 1.00
Director
$0 $0 $0
DUQUETTE DONALD G TRUSTEE 1.00
Director
$0 $0 $0
JORDAN GREGORY TRUSTEE/ML S 1.00
Director
$0 $0 $0
STEIN HENRY TRUSTEE 1.00
Director
$0 $0 $0
TURNER HOWARD BOARD MEMBER 1.00
Director
$0 $0 $0
KARSTENS WILLIAM IV TRSTE/ML BD/ 1.00
Director
$0 $0 $0
MCCARTHY STEPHEN J TRUSTEE 1.00
Director
$0 $0 $0
POWELL RICHARD J TRUSTEE/ML B 1.00
Director
$0 $0 $0
SAMIEC PETER J TRUSTEE/PAST 1.00
Director
$0 $0 $0
ROSS A JAMES TRUSTEE/ML B 1.00
Director
$0 $0 $0
BRYDEN JEFFREY TRUSTEE/DEPU 1.00
Director
$0 $0 $0
SIMONTON JEFFRY TRUSTEE/DEPU 1.00
Director
$0 $0 $0
CLAY KENNETH A JR TRUSTEE/TREA 2.00
Officer Director
$0 $0 $0
ELLIOT PHILIP R JR TRUSTEE 1.00
Director
$0 $0 $0
PATTERSON JOHN R JR TRUSTEE 1.00
Director
$0 $0 $0
AVRIT KAREN BOARD MEMBER 1.00
Director
$0 $0 $0
CLARK GREGORY L TRUSTEE/DEPU 1.00
Director
$0 $0 $0
SWALM RICKY L TRUSTEE/DEP 1.00
Director
$0 $0 $0
MORAN DONALD M TRUSTEE 1.00
Director
$0 $0 $0
FARRELL DR MARY BOARD MEMBER 1.00
Director
$0 $0 $0
MORRIS G MICHAEL TRUSTEE/DEP 1.00
Director
$0 $0 $0
GRAFF GARY N TRUSTEE/BOAR 2.00
Director
$0 $0 $0
KAYLOR DOUGLAS N TRUSTEE 1.00
Director
$0 $0 $0
TIFFANY P HOGAN PHD BOARD MEMBER 1.00
Director
$0 $0 $0
CRACCO ANTHONY R TRUSTEE 1.00
Director
$0 $0 $0
LABAGH THOMAS R TRUSTEE/ML B 1.00
Director
$0 $0 $0
POLICASTRO DOUGLAS R TR/DEP NJ/GS 1.00
Director
$0 $0 $0
MARSHBANKS TIMOTHEY S TRUSTEE/DPTY 1.00
Director
$0 $0 $0
PITTMAN ERIC S TRUSTEE 1.00
Director
$0 $0 $0
PLASKET LARRY S TRUSTEE/BOAR 2.00
Director
$0 $0 $0
VANGORDEN ROGER S TRUSTEE 1.00
Director
$0 $0 $0
GARDNER STEPHEN TRUSTEE 1.00
Director
$0 $0 $0
SMITH STEVEN TR/CDC BD/DP 2.00
Director
$0 $0 $0
STEFANAKOS STEVEN TRUSTEE/ML B 1.00
Director
$0 $0 $0
MCINTOSH MICHAEL T TRUSTEE 1.00
Director
$0 $0 $0
WORK BRUCE T TRUSTEE 1.00
Director
$0 $0 $0
MCNAUGHTON JOHN WM TRUSTEE/PAST 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 $9,125,382 $7,298,761 $75,973,625 $1,826,621
2024 No data No data No data No data
2023 $2,004,854 $7,022,436 $62,178,219 $-5,017,582
2022 $7,428,706 $6,495,095 $61,066,770 $933,611
2021 $15,265,584 $6,810,646 $70,604,540 $8,454,938
2020 $5,829,130 $7,204,940 $60,544,786 $-1,375,810
2019 $6,741,820 $7,315,160 $59,973,180 $-573,340
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