CITIZENS DEVELOPMENT CENTER (EIN 751008422) - 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

1951

Legal Domicile

Principal Officer

BRIDGETT FORGE

Phone

2146372911

Tax Period

2023-09-01 to 2024-08-31

CITIZENS DEVELOPMENT CENTER, founded in 1951, is a community nonprofit in the Employment sector that reported $5.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

EMPOWERING INDIVIDUALS WITH DISABILITIES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

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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 $352,950

Program Service Revenue $5,500,952

Investment Income $10,820

Other Revenue $-82,642

TOTAL REVENUE $5,782,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,922,584

Fundraising Expenses $70,710

Program Expenses $5,729,785

Other Expenses $1,425,700

TOTAL EXPENSES $6,348,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,782,080	$6,236,286	-0.1%
Expenses	$6,348,284	$5,974,091	+0.1%
Net Income	$-566,204	$262,195	-3.2%

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

1469

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

$269,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OBI CHUKWUMAH	PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK HEYMANN	TREASURER	2.00	Officer Director	$0	$0	$0
JOYCE MAZERO	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW MILHAUSER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BRELAND	CEO (THRU 7/2024)	38.00	Officer	$145,508	$24,814	$170,322
BRIDGETT FORGE	CEO (AS OF 7/2024)	38.00	Officer	$0	$0	$0
TEREZ SMITH	DIRECTOR OF FINANCE (THRU 5/2024)	39.00	Officer	$87,212	$12,028	$99,240
NAEEM KARMOEDDIEN	FINANCE CONTROLLER (AS OF 6/2024)	38.00	Officer	$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	$5,782,080	$6,348,284	$2,152,299	$-566,204
2023	$6,236,286	$5,974,091	$2,752,580	$262,195
2022	$4,122,592	$3,907,440	$2,392,724	$215,152
2021	$4,114,695	$2,860,784	$2,166,454	$1,253,911
2020	$2,248,595	$2,470,037	$1,344,956	$-221,442
2019	$2,646,540	$2,862,715	$1,195,143	$-216,175
2018	$2,409,309	$2,326,316	$1,376,384	$82,993

CITIZENS DEVELOPMENT CENTER