DEVELOPMENT CENTERS INC (EIN 382440204) - 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

1983

Legal Domicile

Principal Officer

MICHELLE R SHERMAN

Phone

3135312500

Tax Period

2023-10-01 to 2024-09-30

DEVELOPMENT CENTERS INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.2M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $22.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO ENSURE THAT CHILDREN, INDIVIDUALS, FAMILIES, AND COMMUNITIES HAVE ACCESS TO GREAT HEALTHCARE, QUALITY EDUCATION, A COMFORTABLE HOME, AND THE MONEY THEY NEED TO BUILD A LIFE THEY DESIRE.

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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 $8,534,797

Program Service Revenue $8,267,072

Investment Income $191,261

Other Revenue $205,246

TOTAL REVENUE $17,198,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,375,810

Fundraising Expenses $129,935

Program Expenses $20,945,868

Other Expenses $10,651,121

TOTAL EXPENSES $22,026,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,198,376	$23,634,729	-0.3%
Expenses	$22,026,931	$23,137,441	0.0%
Net Income	$-4,828,555	$497,288	-10.7%

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

308

Volunteers

139

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

$710,505

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN DE FOUR	PRESIDENT & CEO	9.38	Officer	$0	$39,383	$306,331
MICHELLE R SHERMAN	COO & CFO	7.50	Officer	$0	$24,386	$280,008
CATHERINE L LIESMAN - CEO TO	09/2023, CONSULTANT TO 12/2023	37.50		$150,339	$1,535	$151,874
NANETTE WADE	DIRECTOR OF HEALTH PROGRAM	37.50	Highest	$129,312	$1,382	$130,694
GLORIA SALTER-REID	CFO (CONTROLLER) (THROUGH 10/2023)	37.50	Officer	$121,017	$3,149	$124,166
ESTER PALMER-CYROWSKI	MANAGEMENT INFORMATION SYSTEM DIR.	37.50	Highest	$117,077	$1,781	$118,858
SALLY BOND	DIRECTOR OF DEVELOPMENT	37.50	Highest	$115,390	$1,307	$116,697
PALLAVI MUNIKRISHNA	PROGRAM DIRECTOR (THROUGH 06/2024)	37.50	Highest	$109,400	$0	$109,400
TANISHA BLACK SENIOR DIR	QUALITY AND CORPORATE COMPILANCE	37.50	Highest	$108,911	$0	$108,911
DAICIA PRICE	CHAIR	0.24	Officer Director	$0	$0	$0
NICHOLAS DUBOSE	CHAIR	0.25	Officer Director	$0	$0	$0
CHERYL HAWKINS	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL MUNDAY	DIRECTOR (TO 12/2023)	0.25	Director	$0	$0	$0
ELIZABETH BROCK	DIRECTOR	0.25	Director	$0	$0	$0
FREDERICK TONEY	DIRECTOR (TO 12/2023)	0.25	Director	$0	$0	$0
KEVIN OUTLAND	DIRECTOR	0.25	Director	$0	$0	$0
LAURA TOMASSI-MILLER	DIRECTOR (TO 12/2023)	0.25	Director	$0	$0	$0
RODGER PRONG	DIRECTOR	0.25	Director	$0	$0	$0
SHARON SMITH	DIRECTOR (TO 12/2023)	0.25	Director	$0	$0	$0
STEPHANIE MILLER	DIRECTOR	0.25	Director	$0	$0	$0
SUBHASH GULATI	DIRECTOR (TO 12/2023)	0.25	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	$17,198,376	$22,026,931	$14,738,867	$-4,828,555
2023	$23,634,729	$23,137,441	$17,208,837	$497,288
2022	$22,884,700	$22,825,372	$16,659,149	$59,328
2021	$25,434,012	$23,235,622	$16,561,320	$2,198,390
2020	$23,776,043	$23,248,920	$16,873,063	$527,123
2019	$23,703,297	$23,913,548	$13,876,266	$-210,251
2018	$24,530,889	$24,374,439	$14,156,734	$156,450

DEVELOPMENT CENTERS INC