SKILLS DEVELOPMENT INC (EIN 251620804) - 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

1991

Legal Domicile

Principal Officer

JAMES CIMINO

Phone

8142383245

Tax Period

2023-07-01 to 2024-06-30

SKILLS DEVELOPMENT INC, founded in 1991, is a small nonprofit in the Unknown sector that reported $176K in total revenue in fiscal year 2023. Expenses of $153K left a modest 13% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING TO QUALIFIED INDIVIDUALS

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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 $121,456

Program Service Revenue $53,983

Investment Income $400

Other Revenue $586

TOTAL REVENUE $176,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,187

Fundraising Expenses $0

Program Expenses $132,388

Other Expenses $147,236

TOTAL EXPENSES $153,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,425	$177,887	0.0%
Expenses	$153,423	$165,650	-0.1%
Net Income	$23,002	$12,237	+0.9%

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

N/A

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
JAMES CIMINO	EX. OFFICIO DIRECTOR	0.50	Officer Director	$0	$0	$0
ERIC MALONE	COMMUNITY MEMBER	0.50	Officer Director	$0	$0	$0
RON SPRINGER	COMMUNITY MEMBER	0.50	Officer Director	$0	$0	$0
CHRIS KNARR	EX. OFFICIO DIRECTOR	0.50	Officer Director	$0	$0	$0
VAL BERNER	EX. OFFICIO DIRECTOR	0.50	Officer Director	$0	$0	$0
MATT FOX	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$176,425	$153,423	$507,695	$23,002
2023	$177,887	$165,650	$520,408	$12,237
2022	$177,518	$159,611	$551,992	$17,907
2021	$175,187	$168,967	$567,134	$6,220
2020	$184,177	$156,144	$595,487	$28,033
2019	$182,898	$152,473	$600,122	$30,425

SKILLS DEVELOPMENT INC