SMART DEVELOPMENT INSTITUTE 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

2015

Legal Domicile

Principal Officer

ROBERTO LLAMES

Phone

8337776278

Tax Period

2024-01-01 to 2024-12-31

SMART DEVELOPMENT INSTITUTE INC, founded in 2015, is a small nonprofit in the Education sector that reported $755K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $728K left a modest 4% surplus.

Mission

The Corporation is organized primarily to conduct and promote comprehensive basic and applied research of contemporary education issues whuch include or are not limited to prespectives from information technology data analysis government anthropology law history fine arts medicine science economics commerce and philosophy. This includes recommendations regarding related policy impacts that would be useful to the individual and beneficial to the community.

Program Service Accomplishments

Program 1

Expenses: $218,220 Revenue: $0

Applied Research Project with the United States military: The application of the SMART MoBEE to the Wounded Warriors Community across all branches of the United States military.

Program 2

Expenses: $130,932 Revenue: $0

Applied Research Project with Riverside COUNTY California. SDI continued to partner with Riverside County California to implement the SMART MoBEE platform to transfer the jurisdiction into a Smart...

Applied Research Project with Riverside COUNTY California. SDI continued to partner with Riverside County California to implement the SMART MoBEE platform to transfer the jurisdiction into a Smart Community. SMART MoBee helps transform the community into a Smart Community by allowing your citizend to easily access community specific information workflow portlas and services right at their fingertips through their mobil devices using our Sustainable Mobile Agile Resilent Technology SMART Framework.

Program 3

Expenses: $378,449 Revenue: $0

Various Applied Research Projects that include white papers in: 1 Addressing the Shortage of Caregivers For the Aging Population of the United States; 2 Philippine Commercial Airline Pilots To Fill The Pilot Shortage Gap in the United States; 3 Addressing Human Capital and The Human Element Challenges Faced by Global Maritine Professional through The Triple Helix Collaboration and Digital Transformation Through a One-Stop Mobile App.

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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 $755,176

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $755,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,161

Fundraising Expenses $0

Program Expenses $727,601

Other Expenses $436,440

TOTAL EXPENSES $727,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$755,176	$658,317	+0.1%
Expenses	$727,601	$575,183	+0.3%
Net Income	$27,575	$83,134	-0.7%

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

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

$233,738

Total Directors

$230,975

Key Employees

$259,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roberto Llames	Director	20.00	Officer Director	$165,600	$0	$165,600
Michael Lee	Director	10.00	Officer Director	$65,375	$0	$65,375
Maria Teresita Trinchera	Treasurer	10.00	Officer	$2,763	$0	$2,763
Martin Llames	Research Assistant	10.00	Key Emp	$35,700	$0	$35,700
David Fernandez	Senior Researcher	40.00	Key Emp	$55,018	$0	$55,018
Leonardo Canseco	Director	10.00	Director	$0	$0	$0
Lisa Andersson	Researcher	40.00	Key Emp	$4,618	$0	$4,618
Lauren Llames	Administrative	5.00	Key Emp	$642	$0	$642
Jose Rosel Jr	Administrative	30.00	Key Emp	$34,291	$0	$34,291
Jiae Sohn	Researcher	40.00	Key Emp	$59,428	$0	$59,428
Chi Han Tung	Researcher	40.00	Key Emp	$69,322	$0	$69,322

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	$755,176	$727,601	$575,260	$27,575
2023	$658,317	$575,183	$532,724	$83,134
2022	$447,646	$367,537	$454,856	$80,109