CHRIST THE KING CONTINUING EDUCATION INC (EIN 061640597) - 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

1992

Legal Domicile

Principal Officer

ARTHUR SPANARKEL

Phone

7183667400

Tax Period

2023-09-01 to 2024-08-31

CHRIST THE KING CONTINUING EDUCATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE DAY CARE SERVICES AND CONTINUING EDUCATION FOR THE COMMUNITY.

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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 $4,026,595

Investment Income $70,575

Other Revenue $487,121

TOTAL REVENUE $4,584,291

Expense Breakdown

Grants Paid $1,085,440

Salaries & Benefits $2,149,707

Fundraising Expenses $0

Program Expenses $4,565,574

Other Expenses $1,589,523

TOTAL EXPENSES $4,824,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,584,291	$4,854,757	-0.1%
Expenses	$4,824,670	$4,741,825	+0.0%
Net Income	$-240,379	$112,932	-3.1%

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

$1,402,834

Total Directors

$1,402,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MICHEL	PRESIDENT/ TRUSTEE	40.00	Officer Director	$173,310	$6,634	$179,944
JANINE MICHEL	EXECUTIVE DIRECTOR/BOARD MEMBER	60.00	Officer Director	$183,000	$7,320	$190,320
JASON BRUNETTI	TREASURER	0.50	Officer Director	$0	$0	$0
JOSEPH ARBITELLO	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SERPHIN MALTESE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DOROTHY WAGNER	SECRETARY	0.50	Officer Director	$1,032,570	$0	$1,032,570
MARTA SEPE	BOARD MEMBER	0.50	Director	$0	$0	$0
EVELYN RUSSO	BOARD MEMBER	0.50	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	$4,584,291	$4,824,670	$3,662,974	$-240,379
2023	$4,854,757	$4,741,825	$4,887,698	$112,932
2022	$5,159,994	$4,339,062	$2,643,256	$820,932
2021	$4,054,053	$4,122,859	$1,980,653	$-68,806
2020	$4,503,168	$4,912,955	$2,454,632	$-409,787
2019	$5,688,081	$6,071,882	$2,213,139	$-383,801
2018	$6,088,415	$6,346,189	$2,378,023	$-257,774

CHRIST THE KING CONTINUING EDUCATION INC