CONTINUING EDUCATION COMPANY 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

1993

Legal Domicile

Principal Officer

WALTER A EJNES

Phone

3864908010

Tax Period

2024-01-01 to 2024-12-31

CONTINUING EDUCATION COMPANY INC, founded in 1993, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Expenses of $5.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

SEMINARS PRESENTED TO MEDICAL PROFESSIONALS TO ENABLE THEM TO COMPLETE THEIR CONTINUING EDUCATION REQUIREMENTS.

Program Service Accomplishments

Program 1

Expenses: $1,158,796

SEMINARS WERE PRESENTED TO MEDICAL PROFESSIONALS TO ENABLE THEM TO FULFILL THEIR CONTINUING EDUCATION REQUIREMENTS.

Program 2

SEMINAR ADMINISTRATION

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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 $26,010

Program Service Revenue $4,476,926

Investment Income $21,009

Other Revenue $32,749

TOTAL REVENUE $4,556,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,973

Fundraising Expenses $0

Program Expenses $5,109,170

Other Expenses $4,760,823

TOTAL EXPENSES $5,345,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,556,694	$4,596,407	0.0%
Expenses	$5,345,796	$5,137,138	+0.0%
Net Income	$-789,102	$-540,731	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CARTOLANTO	TREASURER	N/A	Officer Director	$0	$0	$0
WALTER A EJNES	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICK VISAGGIO	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JEFFREY WORTNER	SECRETARY	N/A	Officer 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
2024	$4,556,694	$5,345,796	$812,249	$-789,102
2023	$4,596,407	$5,137,138	$1,640,478	$-540,731
2022	$4,620,080	$4,914,347	$2,142,823	$-294,267
2021	$4,478,439	$3,666,805	$2,243,717	$811,634
2020	$2,562,897	$2,537,445	$1,391,511	$25,452
2019	$3,558,920	$3,774,774	$1,568,765	$-215,854
2018	$3,175,981	$2,679,788	$1,312,333	$496,193