CENTER INDUSTRIES CORPORATION (EIN 480823001) - 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

1974

Legal Domicile

Principal Officer

MIKE DASSEL

Phone

3169428255

Tax Period

2024-07-01 to 2025-06-30

CENTER INDUSTRIES CORPORATION, founded in 1974, is a mid-sized nonprofit in the Employment sector that reported $37.8M in total revenue in fiscal year 2024. Expenses of $35.4M left a modest 6% surplus.

Mission

TO PROVIDE MEANINGFUL EMPLOYMENT FOR THE PHYSICALLY DISABLED

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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 $0

Program Service Revenue $37,070,814

Investment Income $728,924

Other Revenue $0

TOTAL REVENUE $37,799,738

Expense Breakdown

Grants Paid $1,148

Salaries & Benefits $1,404,276

Fundraising Expenses $0

Program Expenses $33,591,686

Other Expenses $33,973,961

TOTAL EXPENSES $35,379,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,799,738	$36,390,642	+0.0%
Expenses	$35,379,385	$35,670,772	0.0%
Net Income	$2,420,353	$719,870	+2.4%

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

116

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

$753,624

Total Directors

$228,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL F AUGUSTIN	CHAIRMAN	0.30	Officer Director	$0	$0	$0
ROBERT P DANIELS	VICE CHAIRMAN	0.30	Officer Director	$0	$0	$0
MICHAEL C BURRUS	TREASURER	0.30	Officer Director	$0	$0	$0
RUSSELL MEYER III	SECRETARY	0.30	Officer Director	$0	$0	$0
SARAH DEVRIES	DIRECTOR	0.30	Director	$0	$0	$0
DAVE JONES	DIRECTOR	0.30	Director	$0	$0	$0
DR TIM KOEHLER	DIRECTOR	0.30	Director	$0	$0	$0
DEE ANN MCINTYRE	DIRECTOR	0.30	Director	$0	$0	$0
PETE MEITZNER	DIRECTOR	0.30	Director	$0	$0	$0
PATRICK TERICK	DIRECTOR	0.30	Director	$0	$0	$0
DANIEL J TAYLOR	DIRECTOR	0.30	Director	$0	$0	$0
DANIEL TAYLOR JR	DIRECTOR	0.30	Director	$0	$0	$0
PATRICK T JONAS	BOARD LIAISON TO CIC	0.30	Officer Director	$0	$21,091	$228,446
PETER JONAS	PRESIDENT	39.70	Officer	$282,391	$22,882	$305,273
MIKE DASSEL	DIRECTOR OF FINANCE	39.70	Officer	$199,891	$20,014	$219,905

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
2025	$37,799,738	$35,379,385	$41,475,758	$2,420,353
2024	$36,390,642	$35,670,772	$41,946,192	$719,870
2023	$34,239,009	$35,098,306	$41,657,141	$-859,297
2022	$31,546,463	$29,086,738	$41,370,550	$2,459,725
2021	$24,561,018	$22,487,523	$37,296,681	$2,073,495
2020	$32,949,821	$33,632,468	$35,154,598	$-682,647
2019	$46,749,759	$44,136,532	$35,034,350	$2,613,227

CENTER INDUSTRIES CORPORATION