COLLEGIATE CONSORTIUM FOR WORKFORCE AND ECONOMIC DEVELOPMENT (EIN 232928839) - 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

1999

Legal Domicile

Principal Officer

DR MARTA CRONIN

Phone

2152183886

Tax Period

2024-01-01 to 2024-12-31

COLLEGIATE CONSORTIUM FOR WORKFORCE AND ECONOMIC DEVELOPMENT, founded in 1999, is a small nonprofit in the Education sector that reported $628K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $697K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE DEVELOPMENT AND DELIVERY OF EDUCATION AND TRAINING PROGRAMS TO BUSINESSES.

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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 $45,850

Program Service Revenue $581,844

Investment Income $133

Other Revenue $0

TOTAL REVENUE $627,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,491

Fundraising Expenses $0

Program Expenses $627,472

Other Expenses $568,747

TOTAL EXPENSES $697,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$627,827	$675,460	-0.1%
Expenses	$697,238	$741,381	-0.1%
Net Income	$-69,411	$-65,921	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARTA CRONIN	CHAIR	1.00	Officer Director	$0	$0	$0
DR LOVELL PUGH-BASSETT	DIRECTOR	1.00	Director	$0	$0	$0
DR VICTORIA BASTECKI-PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
DR BRAIN ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
DR JODIE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DR PATRICK M JOANES	DIRECTOR	1.00	Director	$0	$0	$0
DR DONALD GENERALS	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
2024	$627,827	$697,238	$577,865	$-69,411
2023	$675,460	$741,381	$654,992	$-65,921
2022	$1,131,937	$1,135,322	$786,060	$-3,385
2021	$1,148,165	$1,000,197	$782,366	$147,968
2020	$923,869	$1,059,014	$750,578	$-135,145
2019	$1,362,809	$1,387,252	$1,020,353	$-24,443
2018	$1,285,844	$1,288,894	$1,032,836	$-3,050

COLLEGIATE CONSORTIUM FOR WORKFORCE AND ECONOMIC DEVELOPMENT