CHARTER DEVELOPMENT FOUNDATION INC (EIN 341938899) - 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

2000

Legal Domicile

Principal Officer

DAVID DUDAS

Phone

2165591767

Tax Period

2024-06-01 to 2025-05-31

CHARTER DEVELOPMENT FOUNDATION INC, founded in 2000, is a small nonprofit in the Education sector that reported $711K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 45% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS PROVIDING CAPITAL AND OTHER SUPPORT TO CHARTER SCHOOLS IN VARIOUS NORTHEAST OHIO COMMUNITITES. SPECIFICALLY THE ORGANIZATION PROVIDES ADMINISTRATIVE SERVICES, CONSULTING AND DEVELOPMENT ASSISTANCE, FACILITIES AND EQUIPMENT, AND GRANTS, LOANS AND OTHER FINANCIAL ASSISTANCE TO EDGE LEARNING, INC, AKROS MIDDLE SCHOOL AND AKROTECH HIGH SCHOOL.

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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 $0

Program Service Revenue $642,682

Investment Income $4,869

Other Revenue $63,663

TOTAL REVENUE $711,214

Expense Breakdown

Grants Paid $550,400

Salaries & Benefits $13,047

Fundraising Expenses $0

Program Expenses $981,438

Other Expenses $465,758

TOTAL EXPENSES $1,029,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,214	$870,594	-0.2%
Expenses	$1,029,205	$561,817	+0.8%
Net Income	$-317,991	$308,777	-2.0%

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DUDAS	PRESIDENT	20.00	Officer Director	$12,000	$0	$12,000
SUSAN DUDAS	TRUSTEE	2.00	Director	$0	$0	$0
RON ADLER	TRUSTEE	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
2025	$711,214	$1,029,205	$6,815,150	$-317,991
2024	$870,594	$561,817	$7,271,453	$308,777
2023	$519,420	$383,646	$6,471,966	$135,774
2022	$502,339	$339,113	$4,501,022	$163,226
2021	$466,761	$275,530	$2,958,298	$191,231
2020	$458,456	$377,560	$3,004,666	$80,896
2019	$458,298	$224,633	$3,118,193	$233,665

CHARTER DEVELOPMENT FOUNDATION INC