CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS (EIN 541968125) - 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

2000

Legal Domicile

Principal Officer

KENNETH POOLE

Phone

7035224980

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2018.

Mission

TO FOSTER ECONOMIC DEVELOPMENT.

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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 $808,275

Program Service Revenue $4,374,152

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,182,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,792,790

Fundraising Expenses $0

Program Expenses $4,604,561

Other Expenses $1,933,498

TOTAL EXPENSES $5,726,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,182,427	$4,820,009	+0.1%
Expenses	$5,726,288	$5,486,156	+0.0%
Net Income	$-543,861	$-666,147	-0.2%

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

N/A

Employees

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

$522,474

Total Directors

$733,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH POOLE	PRESIDENT & CEO	40.00	Officer Director	$254,049	$0	$254,049
SEAN MCNAMARA	EXECUTIVE VP/COO	40.00	Officer Director	$268,425	$0	$268,425
EROL YILDIRIM	SENIOR VP, NEW PRODUCTS	40.00	Director	$211,036	$0	$211,036
ALLISON FORBES	VICE PRESIDENT OF RESEARCH	40.00	Highest	$163,667	$0	$163,667
MARTIN ROMITTI	SENIOR VP FOR RESEARCH AND	40.00	Highest	$177,956	$0	$177,956
ERMIAS GYESUS	VICE PRESIDENT OF FINANCE	40.00	Highest	$145,610	$0	$145,610
PHILLIP GROFF	VP, IT AND BUSINESS SOLUTI	40.00	Highest	$155,042	$0	$155,042
ROBERT ISAACSON	SENIOR VICE PRESIDENT	40.00	Highest	$184,625	$0	$184,625

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
2023	$5,182,427	$5,726,288	$2,967,965	$-543,861
2022	$4,820,009	$5,486,156	$3,764,563	$-666,147
2021	$4,691,900	$3,370,628	$2,322,711	$1,321,272
2020	$2,787,928	$2,820,770	$1,170,355	$-32,842
2019	$2,990,388	$2,967,073	$890,187	$23,315
2018	$3,143,417	$3,105,365	$1,051,067	$38,052

CENTER FOR REGIONAL ECONOMIC COMPETITIVENESS