CENTER FOR APPLIED RESEARCH & TECHNOLOGY INC (EIN 200173258) - 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

2003

Legal Domicile

Principal Officer

BRUCE V MUTTER

Phone

2769701344

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR APPLIED RESEARCH & TECHNOLOGY INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $716K, a strong 58% operating margin.

Mission

THE MISSION OF THE CENTER FOR APPLIED RESEARCH AND TECHNOLOGY, INC. (CART) IS TO PRODUCE OUTSTANDING APPLIED RESEARCH AND SELF-SUFFICIENT FINANCIAL RETURNS BY CONDUCTING SUCCESSFUL TECHNOLOGY DEVELOPMENT PROGRAMS FOR INDUSTRIAL SPONSORS AND FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES AND TRANSLATING SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM)INTO MARKETABLE PRODUCTS, PROCESSES, SYSTEMS AND SERVICES FOR ITS SPONSORS.

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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 $1,170,327

Program Service Revenue $31,209

Investment Income $29,224

Other Revenue $0

TOTAL REVENUE $1,230,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $342,874

Fundraising Expenses $0

Program Expenses $482,675

Other Expenses $171,433

TOTAL EXPENSES $514,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,230,760	$708,590	+0.7%
Expenses	$514,307	$496,637	+0.0%
Net Income	$716,453	$211,953	+2.4%

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

$319,900

Total Directors

$319,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE V MUTTER	PRESIDENT	50.00	Officer Director	$157,400	$46,147	$203,547
HEATHER N WILLIAMS	TREAS/SEC	50.00	Officer Director	$78,750	$37,603	$116,353
SHANNON BOWLING	DIRECTOR	1.00	Director	$0	$0	$0
GLEN CIBOROSKI	DIRECTOR	1.00	Director	$0	$0	$0
FRANK JENKINS	DIRECTOR	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	$1,230,760	$514,307	$2,713,463	$716,453
2024	$708,590	$496,637	$1,996,361	$211,953
2023	$956,570	$462,371	$1,791,145	$494,199
2022	$612,223	$328,862	$1,290,725	$283,361
2021	$694,516	$284,216	$1,008,253	$410,300
2020	$425,601	$275,071	$632,478	$150,530
2019	$388,755	$276,023	$449,491	$112,732
2018	$589,595	$210,829	$336,260	$378,766

CENTER FOR APPLIED RESEARCH & TECHNOLOGY INC