BUSINESS DEVELOPMENT CENTRE INC (EIN 541598026) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

BYRON STEWARD

Phone

4345836100

Tax Period

2023-07-01 to 2024-06-30

BUSINESS DEVELOPMENT CENTRE INC, founded in 1991, is a small nonprofit that reported $253K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $228K left a modest 10% surplus.

Mission

TO PROVIDE COUNSELING AND EDUCATION FOR INDIVIDUALS WHO ARE INTERESTED IN STARTING THEIR OWN BUSINESS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,200

Investment Income $17,646

Other Revenue $259,778

TOTAL REVENUE $309,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,264

Fundraising Expenses $0

Program Expenses $205,059

Other Expenses $150,602

TOTAL EXPENSES $246,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$309,624	$281,408	+0.1%
Expenses	$246,866	$255,596	0.0%
Net Income	$62,758	$25,812	+1.4%

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

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

$71,800

Total Directors

$71,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A FORREN	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY ROARK	TREASURER	1.00	Officer Director	$0	$0	$0
BYRON STEWARD	SECRETARY	40.00	Officer Director	$71,800	$0	$71,800
KAMAL DARDEN	DIRECTOR	1.00	Director	$0	$0	$0
COREY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
PAVLINA DIROM	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
SAMUEL HOWE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHERYL VALENTINE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA WITT	DIRECTOR	1.00	Director	$0	$0	$0
ALISHA MEADOR	DIRECTOR	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$309,624	$246,866	$1,624,217	$62,758
2023	$281,408	$255,596	$2,067,714	$25,812
2022	$270,972	$245,268	$2,049,748	$25,704
2021	$310,257	$259,603	$2,023,121	$50,654
2020	$308,858	$230,896	$1,971,913	$77,962
2019	$253,300	$228,330	$1,883,941	$24,970

BUSINESS DEVELOPMENT CENTRE INC