MID-ATLANTIC STATES CAREER & EDUCATION CENTER INC (EIN 270836767) - 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

2009

Legal Domicile

Principal Officer

H GLEN DONELSON

Phone

8565142200

Tax Period

2022-07-01 to 2023-06-30

MID-ATLANTIC STATES CAREER & EDUCATION CENTER INC, founded in 2009, is a community nonprofit in the Employment sector that reported $4.7M in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

TO EDUCATE LOW INCOME ADULTS WITH SKILL DEVELOPMENT TRAINING THAT WILL RESULT IN JOB PLACEMENT, JOB RETENTION, AND BETTER FUTURE AS WELL AS A HEALTHIER LIFESTYLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,674,691

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,674,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,908,338

Fundraising Expenses $0

Program Expenses $2,902,729

Other Expenses $1,523,179

TOTAL EXPENSES $3,431,517

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,674,691	$2,950,457	+0.6%
Expenses	$3,431,517	$1,936,845	+0.8%
Net Income	$1,243,174	$1,013,612	+0.2%

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

$212,500

Total Directors

$212,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H GLENDON DONELSON	PRESIDENT AND CEO	40.00	Officer Director	$97,500	$0	$97,500
DAVID ZECK	TREASURER	40.00	Officer Director	$78,333	$0	$78,333
BENJAMIN WOOD	SECRETARY	40.00	Officer Director	$0	$0	$0
MARY M TRUAX	CHAIRMAN	40.00	Officer Director	$36,667	$0	$36,667
MELISSA ECKSTEIN	VICE-CHAIRMAN	3.00	Officer Director	$0	$0	$0
THOMAS DECKART	MEMBER	3.00	Director	$0	$0	$0
MICHAEL MESSICK	MEMBER	3.00	Director	$0	$0	$0
LORY O'BRIEN	MEMBER	3.00	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
2023	$4,674,691	$3,431,517	$4,123,143	$1,243,174
2022	$2,950,457	$1,936,845	$2,492,129	$1,013,612
2021	$1,506,753	$1,727,964	$1,963,389	$-221,211
2020	$2,475,601	$1,928,942	$2,320,935	$546,659
2019	$1,962,218	$2,085,220	$1,638,280	$-123,002
2018	$1,681,854	$1,933,605	$1,822,074	$-251,751

MID-ATLANTIC STATES CAREER & EDUCATION CENTER INC