THE CENTER FOR AUTOMOTIVE EDUCATION

EIN: 311798408 501(c)(3) Education

WHITESTONE, NY

Total Revenue
$2,379,661
Total Expenses
$2,055,728
Total Assets
$5,008,234
Net Assets
$4,487,417
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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
2005
Legal Domicile
NY
Principal Officer
MARK SCHIENBERG
Phone
7187465900
Tax Period
2023-01-01 to 2023-12-31

THE CENTER FOR AUTOMOTIVE EDUCATION, founded in 2005, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 14% surplus.

Mission

THE CAET WAS ESTABLISHED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT THE ACTIVITIES OF THE GREATER NEW YORK AUTOMOBILE DEALERS ASSN. THE CAET OPERATES AN EDUCATION FACILITY, WHOSE MISSION IS TO PROMOTE EXCELLENCE AND ETHICAL STANDARDS IN ALL PHASES OF THE AUTOMOBILE RETAIL INDUSTRY, INCLUDING MANAGEMENT, SALES, SERVICE AND TRAFFIC SAFETY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,191,482
Investment Income $121,958
Other Revenue $66,221
TOTAL REVENUE $2,379,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $513,368
Fundraising Expenses $88,949
Program Expenses $1,966,779
Other Expenses $1,542,360
TOTAL EXPENSES $2,055,728

Year-over-Year Comparison

2023 2022 Change
Revenue $2,379,661 $2,047,443 +0.2%
Expenses $2,055,728 $1,655,801 +0.2%
Net Income $323,933 $391,642 -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

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Governance

Voting Members
6
Independent Members
6
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
5
$1,276,106
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SCHIENBERG PRESIDENT/CE 5.00
Officer
$0 $43,615 $1,276,106
N/A SECRETARY N/A
Officer Director
$0 $0 $0
N/A TREASURER N/A
Officer Director
$0 $0 $0
N/A VICE CHAIRMA N/A
Officer Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A CHAIRMAN N/A
Officer 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 No data No data No data No data
2023 $2,379,661 $2,055,728 $5,008,234 $323,933
2022 $2,047,443 $1,655,801 $4,334,793 $391,642
2021 $2,612,774 $1,815,706 $3,898,633 $797,068
2020 $2,018,331 $1,981,055 $3,154,910 $37,276
2019 $2,230,005 $2,056,828 $3,016,147 $173,177
2018 $2,526,185 $2,010,655 $2,878,041 $515,530
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