SKILLS DEVELOPMENT SERVICES INC (EIN 620673796) - 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

1962

Legal Domicile

Principal Officer

CHERYL KING

Phone

9314555107

Tax Period

2024-07-01 to 2025-06-30

SKILLS DEVELOPMENT SERVICES INC, founded in 1962, is a mid-sized nonprofit in the Human Services sector that reported $11.4M in total revenue in fiscal year 2024. Expenses of $10.8M left a modest 5% surplus.

Mission

DAY TRAINING FOR MENTALLY HANDICAPPED ADULTS AND RESIDENTIAL HOUSING FOR MENTALLY HANDICAPPED ADULTS

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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 $11,513

Program Service Revenue $10,993,993

Investment Income $346,009

Other Revenue $44,258

TOTAL REVENUE $11,395,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,094,040

Fundraising Expenses $0

Program Expenses $9,578,163

Other Expenses $1,743,157

TOTAL EXPENSES $10,837,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,395,773	$11,941,805	0.0%
Expenses	$10,837,197	$10,615,700	+0.0%
Net Income	$558,576	$1,326,105	-0.6%

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

224

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
CHERYL KING	Chairman	2.00	Officer Director	$0	$0	$0
MARK BROWNING	Director	1.00	Director	$0	$0	$0
BETSY NOWELL	Director	1.00	Director	$0	$0	$0
JINSON KNOTT	Director	1.00	Director	$0	$0	$0
SUE LARMOYEUX	Secretary	1.00	Officer Director	$0	$0	$0
MARY CATHERINE PERRY	Director	1.00	Director	$0	$0	$0
RICKIE TEAL	Director	1.00	Director	$0	$0	$0
PAUL ENGEL	Director	1.00	Director	$0	$0	$0
JEF GOLDTRAP	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	$11,395,773	$10,837,197	$15,744,393	$558,576
2024	$11,941,805	$10,615,700	$15,013,074	$1,326,105
2023	$11,869,913	$10,440,111	$13,531,553	$1,429,802
2022	$11,135,237	$9,891,849	$11,959,077	$1,243,388
2021	$11,161,443	$9,521,984	$10,842,233	$1,639,459
2020	$10,265,981	$9,491,632	$10,349,243	$774,349
2019	$9,734,053	$8,478,132	$8,365,879	$1,255,921
2018	$7,783,776	$7,464,102	$6,949,738	$319,674

SKILLS DEVELOPMENT SERVICES INC