CAREER RESOURCE CENTER INC

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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

1994

Legal Domicile

Principal Officer

CLAIRE THOM

Phone

8474467225

Tax Period

2022-01-01 to 2022-12-31

CAREER RESOURCE CENTER INC, founded in 1994, is a small nonprofit that reported $138K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $184K exceeded revenue, resulting in a 34% operating deficit.

Mission

CRC CHANGES LIVES AND STRENGTHENS COMMUNITIES WITH CONFIDENCE-BUILDING EMPLOYMENT RESOURCES FEATURING INDIVIDUALIZED ATTENTION, EDUCATION,TRAINING AND COACHING BY INDUSTRY PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $99,897 Revenue: $18,615

JOB SEARCH ADVISOR SESSIONS, VARIOUS SEMINARS, NETWORKING SESSIONS AND USE OF ON-SITE WI-FI, OFFICE SPACE AND EQUIPMENT ALLOWS JOB CANDIDATES THE RESOURCES TO ASSIST AND EMPOWER THEM TO CONDUCT AN...

JOB SEARCH ADVISOR SESSIONS, VARIOUS SEMINARS, NETWORKING SESSIONS AND USE OF ON-SITE WI-FI, OFFICE SPACE AND EQUIPMENT ALLOWS JOB CANDIDATES THE RESOURCES TO ASSIST AND EMPOWER THEM TO CONDUCT AN EFFECTIVE JOB SEARCH.

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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 $118,820

Program Service Revenue $18,615

Investment Income $224

Other Revenue $0

TOTAL REVENUE $137,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,111

Fundraising Expenses $64,012

Program Expenses $99,897

Other Expenses $44,986

TOTAL EXPENSES $184,097

Year-over-Year Comparison

	2022	2021	Change
Revenue	$137,659	$271,258	-0.5%
Expenses	$184,097	$236,156	-0.2%
Net Income	$-46,438	$35,102	-2.3%

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

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

$44,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS C RATCHFORD	PRESIDENT	5.00	Officer Director	$0	$0	$0
LORI GOLDSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
CLAIRE THOM	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN STRAUSS	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN CLARK	DIRECTOR	2.00	Director	$0	$0	$0
RICH JONES	DIRECTOR	2.00	Director	$0	$0	$0
DAVID KAHL	DIRECTOR	2.00	Director	$0	$0	$0
JODY PERL	DIRECTOR	2.00	Director	$0	$0	$0
HANK GALATZ	DIRECTOR	2.00	Director	$0	$0	$0
MARY BETH BARRETT-NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRENT WHITE	SECRETARY	3.00	Officer Director	$0	$0	$0
CHARLES EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
PAM LEACH	ASSISTANT TREASURER	10.00	Officer	$0	$0	$0
NANCY FROHAM	EXEC DIRECTOR	50.00	Officer	$44,167	$0	$44,167

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
2022	$137,659	$184,097	$60,291	$-46,438
2021	$271,258	$236,156	$121,717	$35,102
2020	$216,215	$207,509	$69,324	$8,706
2019	$213,782	$233,083	$57,640	$-19,301
2018	$225,938	$222,842	$76,759	$3,096