CAREER ACCELERATOR FUND CORPORATION (EIN 842524363) - 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

2019

Legal Domicile

Principal Officer

SCOTT A JONES

Phone

8559251150

Tax Period

2020-01-01 to 2020-12-31

CAREER ACCELERATOR FUND CORPORATION, founded in 2019, is a small nonprofit that reported $762K in total revenue in fiscal year 2020. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $633K, a strong 83% operating margin.

Mission

THE CAREER ACCELERATOR FUND CORPORATION (CAFC) IS AN INDIANA-BASED, NONPROFIT ORGANIZATION THAT SEEKS TO PROVIDE FINANCIAL ACCESS TO EDUCATION FOR STUDENTS FROM ALL WALKS OF LIFE. THE MODERN WORKFORCE NEEDS MORE DIVERSE AND INCLUSIVE EMPLOYEES, REQUIRING A MODERN FUNDING MECHANISM. THE CAFC IS A FUNDING CLEARINGHOUSE FOR STUDENT TUITION AND IS OPEN TO PARTNERING WITH EDUCATION ENTITIES THAT ARE INTERESTED IN LEVERAGING PISA FUNDS (PROGRESSIVE INCOME SHARE AGREEMENT) IN A WAY THAT BENEFITS STUDENTS, EMPLOYERS, AND STATES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $742,561

Program Service Revenue $19,650

Investment Income $0

Other Revenue $0

TOTAL REVENUE $762,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,878

Fundraising Expenses $0

Program Expenses $124,510

Other Expenses $95,628

TOTAL EXPENSES $129,506

Year-over-Year Comparison

	2020	2019	Change
Revenue	$762,211	$410,100	+0.9%
Expenses	$129,506	$72,131	+0.8%
Net Income	$632,705	$337,969	+0.9%

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

$355,562

Total Directors

$355,562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT A JONES	BOARD CHAIR	5.00	Officer Director	$0	$15,043	$355,562
THOMAS MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES T HILTUNEN	BOARD MEMBER	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
2020	$762,211	$129,506	$989,000	$632,705
2019	$410,100	$72,131	$338,000	$337,969

CAREER ACCELERATOR FUND CORPORATION