CSDC FACILITIES CORPORATION (EIN 300142162) - 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

2002

Legal Domicile

Principal Officer

MICHELLE PROSPERI

Phone

4435611280

Tax Period

2023-01-01 to 2023-12-31

CSDC FACILITIES CORPORATION, founded in 2002, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $945K, a strong 24% operating margin.

Mission

TO PROVIDE SUPPORT SERVICES TO CHARTER SCHOOLS DEVELOPMENT CORPRATION AND AFFILIATED ORGANIZATIONS.

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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 $0

Program Service Revenue $3,570,681

Investment Income $367,225

Other Revenue $0

TOTAL REVENUE $3,937,906

Expense Breakdown

Grants Paid $29,989

Salaries & Benefits $26,323

Fundraising Expenses $0

Program Expenses $2,929,220

Other Expenses $2,936,723

TOTAL EXPENSES $2,993,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,937,906	$4,994,945	-0.2%
Expenses	$2,993,035	$4,571,047	-0.3%
Net Income	$944,871	$423,898	+1.2%

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

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

$2,145,221

Total Directors

$101,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CURRAN	CHAIR	2.00	Officer Director	$0	$0	$17,525
EMBER REICHGOTT JUNGE	VICE CHAIR	2.00	Officer Director	$0	$0	$14,150
JIM GOENNER	DIRECTOR & TREASURER	2.00	Officer Director	$0	$0	$7,900
LANETTE DAILEY-REESE	DIRECTOR & SECRETARY	2.00	Officer Director	$0	$0	$15,375
JAY HROMATKA	DIRECTOR	2.00	Director	$0	$0	$11,500
LEO VALDEZ	DIRECTOR	2.00	Director	$0	$0	$12,650
CHRISTINA RYAN DIGIULIAN	DIRECTOR	2.00	Director	$0	$0	$9,775
TOM NIDA	DIRECTOR	2.00	Director	$0	$0	$12,650
LAURA FIEMANN	SENIOR VICE PRESIDENT	1.00	Officer	$0	$57,498	$395,064
ANNETTE HIGH	FINANCIAL CONTROLLER (OUTGOING)	1.00	Officer	$0	$39,026	$216,715
MICHELLE PROSPERI	CHIEF OPERATING OFFICER	1.00	Officer	$0	$55,605	$417,771
REBECCA SALVO	SENIOR VICE PRESIDENT	1.00	Officer	$0	$30,540	$260,824
MARK ZEIZEL	VICE PRESIDENT	1.00	Officer	$0	$42,510	$261,176
ALAN WASHINGTON	PRESIDENT/CEO	1.00	Officer	$0	$28,802	$483,015
GLENN KLEIN	FINANCIAL CONTROLLER (INCOMING)	1.00	Officer	$0	$4,123	$55,706
SHANTA BACON	SENIOR PROJECT ACCOUNTANT	1.00	Highest	$0	$39,154	$164,754
TIMOTHY BEHRENS	PREDEVELOPMENT AND SUSTAINABILITY MANAGER	1.00	Highest	$0	$30,624	$137,241
MICHELE CERWIN	CHIEF OF STAFF	1.00	Highest	$0	$37,878	$333,045
BRITTANY KOZLEWSKI	BUSINESS ANALYST	1.00	Highest	$0	$17,923	$132,106
TYLER PLATT	PROJECT ACCOUNTING MANAGER	1.00	Highest	$0	$33,268	$137,568

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	$3,937,906	$2,993,035	$49,900,168	$944,871
2022	$4,994,945	$4,571,047	$42,312,151	$423,898
2021	$6,090,721	$7,053,187	$43,951,626	$-962,466
2020	$5,727,952	$4,505,122	$53,778,167	$1,222,830
2019	$3,772,873	$3,542,091	$44,972,200	$230,782
2018	$2,553,440	$2,172,278	$32,307,879	$381,162

CSDC FACILITIES CORPORATION