CAPITAL CERTIFIED DEVELOPMENT CORPORATION (EIN 742670381) - 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

1993

Legal Domicile

Principal Officer

Thomas J Braasch

Phone

5126150365

Tax Period

2023-10-01 to 2024-09-30

CAPITAL CERTIFIED DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 23% operating margin.

Mission

To promote economic development by facilitating SBA 504 loans and other programs for small businesses

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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 $0

Program Service Revenue $9,671,914

Investment Income $302,057

Other Revenue $14,395

TOTAL REVENUE $9,988,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,289,831

Fundraising Expenses $0

Program Expenses $6,362,242

Other Expenses $1,444,122

TOTAL EXPENSES $7,733,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,988,366	$8,615,049	+0.2%
Expenses	$7,733,953	$7,237,459	+0.1%
Net Income	$2,254,413	$1,377,590	+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

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

$429,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Joseph	Business Development Region Manager	40	Highest	$506,628	$30,359	$536,987
Thomas Braasch	Executive Director	40	Officer	$391,400	$38,161	$429,561
Harry Leach Jr	Business Development Region Manager	40	Highest	$339,931	$19,772	$359,703
Paula Dean	Director of Finance and Administration	40	Highest	$239,965	$36,548	$276,513
Jason Bigham	Business Development Region Manager	40	Highest	$231,186	$29,685	$260,871
Matt McCollum	Credit Director	40	Highest	$199,861	$18,043	$217,904
Gary Henderson	President	0	Officer Director	$0	$0	$0
Paul Reade	Vice President	0	Director Key Emp	$0	$0	$0
Lane Lanford	Treasurer	0	Officer Director	$0	$0	$0
Alan Talkington	Secretary	0	Officer Director	$0	$0	$0
Carl Condon	Director	0	Director	$0	$0	$0
Deepesh Kholwadwala	Director	0	Director	$0	$0	$0
Roland Love	Director	0	Director	$0	$0	$0
Julia Sheldon	Director	0	Director	$0	$0	$0
J Hampton Skelton	Director	0	Director	$0	$0	$0
Bill Young	Director	0	Director	$0	$0	$0
Laurie Roach	Director	0	Director	$0	$0	$0
Greg Garner	Director	0	Director	$0	$0	$0
Garrett Morgan	Director	0	Director	$0	$0	$0
John Jenkins	Director	0	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	$9,988,366	$7,733,953	$14,538,426	$2,254,413
2023	$8,615,049	$7,237,459	$12,256,539	$1,377,590
2022	$7,851,539	$6,806,990	$10,331,482	$1,044,549
2021	$6,735,793	$5,643,296	$9,127,975	$1,092,497
2020	$5,965,018	$5,230,418	$7,768,966	$734,600
2019	$5,778,551	$4,841,209	$6,735,010	$937,342
2018	$5,326,535	$4,769,060	$5,909,518	$557,475

CAPITAL CERTIFIED DEVELOPMENT CORPORATION