THE CENTER FOR DISCOVERY INC (EIN 141395426) - 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

1950

Legal Domicile

Principal Officer

Dr Theresa Hamlin

Phone

8457941400

Tax Period

2023-01-01 to 2023-12-31

THE CENTER FOR DISCOVERY INC, founded in 1950, is a major nonprofit in the Diseases & Disorders sector that reported $141.7M in total revenue in fiscal year 2023.

Mission

THE CENTER FOR DISCOVERY OFFERS INDIVIDUALS WITH A RANGE OF DISABILITIES AND MEDICAL FRAILTIES - AND THEIR FAMILES - INNOVATIVE EDUCATIONAL, (CONTINUED ON SCHEDULE O)

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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 $11,350,390

Program Service Revenue $130,514,094

Investment Income $-144,858

Other Revenue $0

TOTAL REVENUE $141,719,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,295,441

Fundraising Expenses $1,331,886

Program Expenses $126,459,709

Other Expenses $28,527,149

TOTAL EXPENSES $139,822,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,719,626	$140,577,114	+0.0%
Expenses	$139,822,590	$135,758,607	+0.0%
Net Income	$1,897,036	$4,818,507	-0.6%

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

2124

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

$1,502,717

Total Directors

Key Employees

$179,451

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK H DOLLARD	CEO	40.0	Officer	$712,478	$33,455	$745,933
THERESA HAMLIN	PRESIDENT	40.0	Officer	$406,580	$16,120	$422,700
CLAUDE D'ALESSANDRO	CFO	40.0	Officer	$291,974	$42,110	$334,084
MICHAEL ROSEN	EVP MARKETING & STRATEGIC COM.	40.0	Highest	$276,548	$7,244	$283,792
MATTHEW BRESCIA	VP of Accounting	40.0	Highest	$247,668	$35,866	$283,534
CHRISTINE THORBJORNSEN	VP OF FINANCE	40.0	Highest	$259,020	$4,483	$263,503
ALYCE SHERWOOD	CHIEF OF RESIDENTIAL	40.0	Highest	$234,787	$25,011	$259,798
SUSAN SAYERS	CHIEF NURSING OFFICER	40.0	Highest	$226,669	$19,728	$246,397
ANNE MARIE BOWLER	GEN. COUNSEL/CORP. COMPLIANCE	40.0	Key Emp	$176,285	$3,166	$179,451
EDWARD C SWEENEY	CHAIRPERSON	25.0	Officer Director	$0	$0	$0
EDWARD GIANCONTIERI	VICE CHAIR (THRU 12/5/23)	1.0	Officer Director	$0	$0	$0
NELLY BLY-AROUGHETI	VICE CHAIR (THRU 12/5/23)	3.0	Officer Director	$0	$0	$0
EILEEN M NAUGHTON	TREASURER	5.0	Officer Director	$0	$0	$0
WILLIAM MYSLINSKI PHD	TREASURER (THRU 6/28/23)	0.46	Officer Director	$0	$0	$0
MICHAEL J DUBILIER	SECRETARY	4.1	Officer Director	$0	$0	$0
ELLEN ALEMANY	DIRECTOR	3.0	Director	$0	$0	$0
KEVIN FEE	DIRECTOR	1.0	Director	$0	$0	$0
NORMAN FEINBERG	DIRECTOR (THRU 12/5/23)	0.15	Director	$0	$0	$0
JOEL S FORMAN ESQ	DIRECTOR	2.0	Director	$0	$0	$0
MALCOLM J HARKINS III ESQ	DIRECTOR (THRU 12/5/23)	0.35	Director	$0	$0	$0
NANCY MCELROY	DIRECTOR (Thru 12/5/23)	0.4	Director	$0	$0	$0
JOHN R MILLIGAN	DIRECTOR (THRU 1/19/23)	0.08	Director	$0	$0	$0
AIDAN QUINN	DIRECTOR	1.52	Director	$0	$0	$0
KIM RAISLER	DIRECTOR	1.6	Director	$0	$0	$0
ARTHUR L THOMPSON CFA	DIRECTOR	0.62	Director	$0	$0	$0
GEORGE TODD	DIRECTOR	0.58	Director	$0	$0	$0
ALLISON VELLA	DIRECTOR	1.52	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	No data	No data	No data	No data
2023	$141,719,626	$139,822,590	$172,436,783	$1,897,036
2022	$140,577,114	$135,758,607	$164,140,348	$4,818,507
2021	$121,112,657	$124,880,099	$136,967,391	$-3,767,442
2020	$116,526,640	$120,561,619	$132,387,424	$-4,034,979
2019	$119,728,049	$118,016,985	$139,803,326	$1,711,064
2018	$116,790,024	$115,448,983	$134,304,889	$1,341,041

THE CENTER FOR DISCOVERY INC