CAREER DEVELOPMENT CENTER

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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

1974

Legal Domicile

Principal Officer

RAE WATERS

Phone

6188424019

Tax Period

2024-07-01 to 2025-06-30

CAREER DEVELOPMENT CENTER, founded in 1974, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 15% surplus.

Mission

THE ORGANIZATION PROVIDES VOCATIONAL SERVICES, INCLUDING EVALUATION, VOCATIONAL DEVELOPMENT, EDUCATION AND INDEPENDENCE TRAINING, WORK ACTIVITIES, ADJUSTMENT AND SHELTERED EMPLOYMENT, AND ANCILLARY REFERRAL FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,731,461 Revenue: $2,185,637

VOCATIONAL EVALUATION, EDUCATION AND DEVELOPMENTAL TRAINING OF DEVELOPMENTALLY DISABLED ADULTS

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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 $142,165

Program Service Revenue $1,712,629

Investment Income $41,828

Other Revenue $289,015

TOTAL REVENUE $2,185,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,289,354

Fundraising Expenses $0

Program Expenses $1,731,461

Other Expenses $571,186

TOTAL EXPENSES $1,860,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,185,637	$2,042,132	+0.1%
Expenses	$1,860,540	$1,741,293	+0.1%
Net Income	$325,097	$300,839	+0.1%

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

$185,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAE WATERS	CHIEF EXECUT	40.00	Officer	$121,522	$0	$121,522
SHELLY GOODMAN	OPERATIONS M	40.00	Officer	$63,786	$0	$63,786
NIKKI CARTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRENT CLOYD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MARTI GARNER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
NATHAN JONES	TREASURER	1.00	Officer Director	$0	$0	$0
ROD VAUGHN	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN WILLIAMS	PRESIDENT	1.00	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
2025	$2,185,637	$1,860,540	$2,562,895	$325,097
2024	$2,042,132	$1,741,293	$2,236,829	$300,839
2023	$1,842,064	$1,708,614	$1,969,196	$133,450
2022	$1,982,342	$1,504,220	$1,812,819	$478,122
2021	$1,729,945	$1,146,775	$1,355,835	$583,170
2020	$1,874,877	$1,614,111	$792,717	$260,766
2019	$1,791,265	$1,784,347	$548,965	$6,918
2018	$1,808,346	$1,731,584	$577,953	$76,762