CDC EDUCATION FOUNDATION (EIN 474640179) - 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

2015

Legal Domicile

Principal Officer

ERNEST ANDRADE

Phone

8437243773

Tax Period

2023-01-01 to 2023-12-31

CDC EDUCATION FOUNDATION, founded in 2015, is a micro nonprofit in the Science & Technology sector that reported $28K in total revenue in fiscal year 2023. Revenue surged 1486% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 264% operating deficit.

Mission

TO DEVELOP A DIVERSE AND EDUCATED TALENT BASE TO ENSURE A WORKFORCE CAPABLE OF MEETING THE NEEDS OF TECHNOLOGY-INTENSE ENTERPRISES. THROUGH EFFORTS SUCH AS CDC LEARNING CENTER, A COMMUNITY-CLASSROOM FOR TECH AND BUSINESS EDUCATION. THE CHARLESTON DIGITAL CORRIDOR EDUCATION FOUNDATION WILL SERVE AS A LIAISON BETWEEN THE COMMUNITY AND THE LOCAL BUSINESS COMMUNITY TO GROW AN EDUCATED HIGH-WAGE WORKFORCE.

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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 $25,000

Program Service Revenue $3,050

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,669

Other Expenses $102,134

TOTAL EXPENSES $102,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,050	$1,769	+14.9%
Expenses	$102,134	$63	+1620.2%
Net Income	$-74,084	$1,706	-44.4%

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

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
TOM WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
KIRK KING	CHAIRMAN & TREASURER	0.50	Officer Director	$0	$0	$0
MICHAEL WRIGHT	BOARD MEMBER	0.50	Director	$0	$0	$0
TODD LANT	BOARD MEMBER	0.50	Director	$0	$0	$0
SEBASTIAN VAN DELDEN	BOARD MEMBER	0.50	Director	$0	$0	$0
SHEA HARRELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE BRYAN	TREASURER & SECRETARY	0.50	Officer Director	$0	$0	$0
ERNEST ANDRADE	EXECUTIVE DIRECTOR	0.50	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	$28,050	$102,134	$48,016	$-74,084
2022	$1,769	$63	$122,100	$1,706
2021	$29,800	$179	$120,394	$29,621
2020	$39,475	$950	$90,773	$38,525
2019	$8,561	$8,313	$52,248	$248
2018	$4,518	$19,623	$52,000	$-15,105

CDC EDUCATION FOUNDATION