CENTRAL SIX DEVELOPMENT COUNCIL RE… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

MEREDITH SMITH

Phone

2057193239

Tax Period

2023-01-01 to 2023-12-31

CENTRAL SIX DEVELOPMENT COUNCIL REGION 4 INC, founded in 2014, is a small nonprofit in the Employment sector that reported $603K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $575K left a modest 5% surplus.

Mission

THE MISSION OF THE CENTRAL SIX DEVELOPMENT COUNCIL, SERVING AS REGION 4 OF THE GOVERNOR'S OFFICE OF WORKFORCE DEVELOPMENT, IS TO CREATE A 21ST CENTURY WORKFORCE THAT IS PROACTIVE, RESPONSIVE, AND RESULTS DRIVEN; SUPPORTS THE REGION'S DIVERSE POPULATION AND EMPLOYERS; AND, PROVIDES QUALITY JOB OPPORTUNITIES IN SUPPORT OF A VIBRANT REGIONAL ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $464,904 Revenue: $604,317

CENTRAL SIX DEVELOPMENT COUNCIL AND COLLABORATIVE PARTNERS HAVE HAD TREMENDOUS SUCCESS AMID THE COVID-19 PANDEMIC. THE ORGANIZATION HAS CONTINUED TO SUCCESSFULLY ALIGN COMMUNITY COLLEGE GRANT...

CENTRAL SIX DEVELOPMENT COUNCIL AND COLLABORATIVE PARTNERS HAVE HAD TREMENDOUS SUCCESS AMID THE COVID-19 PANDEMIC. THE ORGANIZATION HAS CONTINUED TO SUCCESSFULLY ALIGN COMMUNITY COLLEGE GRANT SPENDING IN TRAINING PROGRAMS THAT ADDRESS THE NEEDS OF BUSINESS AND INDUSTRY. SPECIFICALLY APPRENTICESHIP AND WORK-BASED TRAINING MODELS HAVE BEEN CREATED TO SUPPORT HEALTHCARE, ADVANCED MANUFACTURING, INFORMATION TECHNOLOGY AND TRANSPORTATION AND LOGISTICS. IN RESPONSE TO COVID, CENTRAL SIX HAS CREATED A JOB SEEKER PORTAL TO HELP JOB SEEKERS MORE READILY ACCESS SUPPORT SERVICES AND AS SUCH HAVE SUPPORTED MORE THAN 400 INDIVIDUALS ACROSS THE REGION INTO TRAINING OR EMPLOYMENT. THE ORGANIZATION HAS ALSO LAUNCHED A RIDE SHARING PROGRAM THAT HAS SERVED OVER 100 RESIDENTS WITH TRANSPORTATION TO SCHOOL, TRAINING OR WORK.

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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 $597,404

Program Service Revenue $6,013

Investment Income $0

Other Revenue $0

TOTAL REVENUE $603,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,322

Fundraising Expenses $0

Program Expenses $464,904

Other Expenses $241,479

TOTAL EXPENSES $574,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,417	$508,589	+0.2%
Expenses	$574,801	$519,021	+0.1%
Net Income	$28,616	$-10,432	-3.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BEARD	DIRECTOR & EXECUTIVE COMMI	1.00	Director	$0	$0	$0
WAYMOND JACKSON	DIRECTOR & EXECUTIVE COMMI	1.00	Director	$0	$0	$0
STACIA GAINES	CHAIR	2.00	Officer Director	$0	$0	$0
MEREDITH SMITH	GRANTS CHAIR & EXECUTIVE C	1.00	Officer Director	$0	$0	$0
JASON ROBERTS	DIRECTOR & PAST CHAIR	1.00	Director	$0	$0	$0
EMILY WYKE	DIRECTOR & EXECUTIVE COMMI	1.00	Director	$0	$0	$0
MITTIE CANNON	DIRECTOR & EXECUTIVE COMMI	1.00	Director	$0	$0	$0
VIDA BOYD	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP CLEVELAND	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
RASHAN CYLAR	DIRECTOR	1.00	Director	$0	$0	$0
NATHEL DUBOSE	DIRECTOR	1.00	Director	$0	$0	$0
BELINDA KEITH	DIRECTOR	1.00	Director	$0	$0	$0
KIRK MANCER	DIRECTOR	1.00	Director	$0	$0	$0
BRITTON LIGHTSEY	DIRECTOR	1.00	Director	$0	$0	$0
DANA HILL	DIRECTOR	1.00	Director	$0	$0	$0
DON MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
ROB STEWART	DIRECTOR	1.00	Director	$0	$0	$0
HUGH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MONICA MCSHAN	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
ANTIQUA CLEGGETT	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2023	$603,417	$574,801	$131,670	$28,616
2022	$508,589	$519,021	$103,054	$-10,432
2021	$471,175	$501,049	$83,986	$-29,874
2020	$379,373	$434,945	$113,858	$-55,572
2019	$502,194	$488,254	$133,330	$13,940
2018	$401,005	$363,992	$119,390	$37,013

CENTRAL SIX DEVELOPMENT COUNCIL REGION 4 INC