CDC FOUNDATION (EIN 751326866) - 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

1970

Legal Domicile

Principal Officer

OBI CHUKWUMAH

Phone

2146372911

Tax Period

2023-09-01 to 2024-08-31

CDC FOUNDATION, founded in 1970, is a micro nonprofit that reported $57K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $39K, a strong 69% operating margin.

Mission

THE FOUNDATION MAINTAINS FUNDS FOR THE SOLE BENEFIT OF THE CITIZENS DEVELOPMENT CENTER, DBA U&I

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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 $0

Investment Income $20,496

Other Revenue $36,145

TOTAL REVENUE $56,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $17,619

TOTAL EXPENSES $17,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,641	$71,123	-0.2%
Expenses	$17,619	$11,884	+0.5%
Net Income	$39,022	$59,239	-0.3%

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

N/A

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)	2.00	Officer	$0	$24,814	$170,322
BRIDGETT FORGE	CEO (AS OF 7/2024)	2.00	Officer	$0	$0	$0
TEREZ SMITH	DIRECTOR OF FINANCE (THRU 5/2024)	1.00	Officer	$0	$12,028	$99,240
NAEEM KARMOEDDIEN	FINANCE CONTROLLER (AS OF 6/2024)	2.00	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	$56,641	$17,619	$685,779	$39,022
2023	$71,123	$11,884	$557,021	$59,239
2021	$112,399	$16,148	$490,353	$96,251
2020	$60,648	$206,290	$347,333	$-145,642
2019	$78,516	$195,359	$470,479	$-116,843
2018	$103,798	$23,155	$581,067	$80,643

CDC FOUNDATION