Occupational Development Center Inc (EIN 410973895) - 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

1971

Legal Domicile

Principal Officer

Brad Fitzgerald

Phone

2186814949

Tax Period

2024-01-01 to 2024-12-31

Occupational Development Center Inc, founded in 1971, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

To develop the skills of individuals with abilities by providing opportunities for suitable, sustainable employment that result in greater independence. Individuals with abilities to be engaged in valuable work, integrated into their communities and are reaching their highest potential.

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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 $1,242,848

Program Service Revenue $0

Investment Income $220,535

Other Revenue $127,998

TOTAL REVENUE $1,591,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $917,164

Fundraising Expenses $0

Program Expenses $241,256

Other Expenses $960,351

TOTAL EXPENSES $1,877,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,591,381	$2,210,408	-0.3%
Expenses	$1,877,515	$1,875,820	+0.0%
Net Income	$-286,134	$334,588	-1.9%

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

124

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

$375,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ed Turn	Chairperson	5.00	Officer Director	$0	$0	$0
Ryan Zemek	Director	3.00	Director	$0	$0	$0
Shane Zutz	Director	2.00	Director	$0	$0	$0
Amy Ballard	Director	2.00	Director	$0	$0	$0
June Schelde	President/CEO	40.00	Officer	$168,070	$44,276	$212,346
Brad Fitzgerald	CFO	40.00	Officer	$115,914	$46,944	$162,858

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	$1,591,381	$1,877,515	$9,434,641	$-286,134
2023	$2,210,408	$1,875,820	$9,860,204	$334,588
2022	$2,531,086	$1,881,166	$9,133,684	$649,920
2021	$2,859,354	$1,891,514	$8,716,684	$967,840
2020	$2,573,093	$1,914,718	$7,555,867	$658,375
2019	$2,841,179	$2,440,583	$6,988,054	$400,596
2018	$2,390,113	$2,376,213	$6,818,768	$13,900

Occupational Development Center Inc