CENTER FOR INDIVIDUALIZED TRAINING AND EDUCATION INC (EIN 050368828) - 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

1976

Principal Officer

MICHAEL BLACK

Phone

4013510610

Tax Period

2021-01-01 to 2021-12-31

CENTER FOR INDIVIDUALIZED TRAINING AND EDUCATION INC, founded in 1976, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2021. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

SCHOOL FOR HANDICAPPED CHILDREN

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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 (2021)

Revenue Breakdown

Contributions & Grants $54,427

Program Service Revenue $1,875,394

Investment Income $11

Other Revenue $0

TOTAL REVENUE $1,929,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,509,775

Fundraising Expenses $0

Program Expenses $1,992,643

Other Expenses $727,696

TOTAL EXPENSES $2,237,471

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,929,832	$2,935,148	-0.3%
Expenses	$2,237,471	$3,197,635	-0.3%
Net Income	$-307,639	$-262,487	+0.2%

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

N/A

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
MICHAEL BLACK	CHAIR	N/A	Officer	$0	$0	$0
ANTHONY MASSELLI	ASSISTANT TR	N/A	Officer	$0	$0	$0
SCOTT MOREHEAD	VICE PRESIDE	N/A	Officer	$0	$0	$0
KATHLEEN NEUN	SECRETARY	N/A	Officer	$0	$0	$0
JAMES SQUADRITO	TREASURER	N/A	Officer	$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
2021	$1,929,832	$2,237,471	$809,622	$-307,639
2020	$2,935,148	$3,197,635	$1,220,314	$-262,487
2019	$2,873,128	$2,511,980	$1,131,864	$361,148
2018	$1,965,488	$2,131,699	$781,917	$-166,211

CENTER FOR INDIVIDUALIZED TRAINING AND EDUCATION INC