Abilities Discovered Inc (EIN 581747056) - 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

1987

Legal Domicile

Principal Officer

Melinda Beasely

Phone

4789237727

Tax Period

2023-07-01 to 2024-06-30

Abilities Discovered Inc, founded in 1987, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $545K, a strong 20% operating margin.

Mission

To assist individuals affected by developmental disabilites.

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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 $97,789

Program Service Revenue $2,040,454

Investment Income $557,517

Other Revenue $24,164

TOTAL REVENUE $2,719,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,608,382

Fundraising Expenses $0

Program Expenses $1,524,148

Other Expenses $566,520

TOTAL EXPENSES $2,174,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,719,924	$2,132,755	+0.3%
Expenses	$2,174,902	$1,995,117	+0.1%
Net Income	$545,022	$137,638	+3.0%

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

$118,606

Total Directors

$118,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathryn Peters	Secretary/Treasurer	0.00	Officer Director	$0	$0	$0
Willie Talton	Director	0.00	Director	$0	$0	$0
Carl Shaw	Director	0.00	Director	$0	$0	$0
Rodney Lee	Director	0.00	Director	$0	$0	$0
Charlene Mickens	Director	0.00	Director	$0	$0	$0
Melinda Beasley	Executive Director	40.00	Officer Director	$118,606	$0	$118,606

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	$2,719,924	$2,174,902	$3,974,921	$545,022
2023	$2,132,755	$1,995,117	$3,403,269	$137,638
2022	$2,081,229	$2,144,259	$3,247,573	$-63,030
2021	$2,504,769	$2,203,545	$4,006,548	$301,224
2020	$2,552,390	$2,208,251	$3,444,738	$344,139
2019	$2,554,577	$2,095,866	$2,931,294	$458,711
2018	$2,692,469	$2,395,983	$2,507,823	$296,486

Abilities Discovered Inc