THE CENTER FOR TECHNOLOGY ENTERPRISE & DEVELOPMENT INC (EIN 650362710) - 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

1992

Legal Domicile

Principal Officer

TONY NEWBOLD

Phone

5612653790

Tax Period

2023-10-01 to 2024-09-30

THE CENTER FOR TECHNOLOGY ENTERPRISE & DEVELOPMENT INC, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 17% operating margin.

Mission

HOUSING, EMPLOYMENT AND ECONOMIC DEVELOPMENT IN THE COMMUNITY

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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 $778,496

Program Service Revenue $39,464

Investment Income $130,019

Other Revenue $107,755

TOTAL REVENUE $1,055,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $629,206

Fundraising Expenses $0

Program Expenses $765,065

Other Expenses $248,584

TOTAL EXPENSES $877,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,055,734	$774,848	+0.4%
Expenses	$877,790	$883,260	0.0%
Net Income	$177,944	$-108,412	-2.6%

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

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

Total Directors

Key Employees

$142,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEABRON SMITH	EXEC. DIR.	40.00	Key Emp	$142,550	$0	$142,550
DR BARBARA CAREY-SHULER	SECRETARY	2.00	Officer	$0	$0	$0
TONY NEWBOLD	PRESIDENT	5.00	Officer	$0	$0	$0
GEORGE PSOINOS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BRYON JONES	TREASURER	2.00	Officer	$0	$0	$0
MONIQUE CORKER	DIRECTOR	2.00	Director	$0	$0	$0
DR NNACHI OKO	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE ELMORE	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE SATYAL	DIRECTOR	2.00	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	$1,055,734	$877,790	$666,141	$177,944
2023	$774,848	$883,260	$549,226	$-108,412
2022	$803,648	$892,834	$630,392	$-89,186
2018	$604,534	$619,234	$630,629	$-14,700

THE CENTER FOR TECHNOLOGY ENTERPRISE & DEVELOPMENT INC