Civic Intelligence

Skills Development Services Inc.

990 • Fiscal year 2020 • EIN 62-0673796

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

704 South Washington StreetTullahoma, TN 37388

(931) 455-5107

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.18x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.18x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

58th percentile

7.5%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

78th percentile

24%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

5.5%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$10,349,243

Up $1,983,364 (+24%) from 2019

Net Assets

Up

$8,493,087

Up $783,106 (+10%) from 2019

Liabilities

Up

$1,856,156

Up $1,200,258 (+183%) from 2019

Revenue

Up

$10,265,981

Up $531,928 (+5.5%) from 2019

Expenses

Up

$9,491,632

Up $1,013,500 (+12%) from 2019

Net Income

Down

$774,349

Down $481,572 (-38%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $4,764,419Liabilities 2010: $282,686Net Assets 2010: $4,481,7332010Assets 2011: $5,166,829Liabilities 2011: $398,964Net Assets 2011: $4,767,8652011Assets 2012: $5,486,904Liabilities 2012: $434,614Net Assets 2012: $5,052,2902012Assets 2013: $5,628,830Liabilities 2013: $483,621Net Assets 2013: $5,145,2092013Assets 2014: $5,896,255Liabilities 2014: $473,417Net Assets 2014: $5,422,8382014Assets 2015: $6,097,259Liabilities 2015: $349,433Net Assets 2015: $5,747,8262015Assets 2016: $6,186,949Liabilities 2016: $399,388Net Assets 2016: $5,787,5612016Assets 2017: $5,808,372Liabilities 2017: $528,002Net Assets 2017: $5,280,3702017Assets 2018: $6,949,738Liabilities 2018: $586,379Net Assets 2018: $6,363,3592018Assets 2019: $8,365,879Liabilities 2019: $655,898Net Assets 2019: $7,709,9812019Assets 2020: $10,349,243Liabilities 2020: $1,856,156Net Assets 2020: $8,493,0872020Assets 2021: $10,842,233Liabilities 2021: $413,576Net Assets 2021: $10,428,6572021Assets 2022: $11,959,077Liabilities 2022: $499,218Net Assets 2022: $11,459,8592022Assets 2023: $13,531,553Liabilities 2023: $534,589Net Assets 2023: $12,996,9642023Assets 2024: $15,013,074Liabilities 2024: $600,909Net Assets 2024: $14,412,1652024Assets 2025: $15,744,393Liabilities 2025: $591,609Net Assets 2025: $15,152,7842025

Highlighted filing

2020

Assets$10,349,243
Liabilities$1,856,156
Net Assets$8,493,087

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,295,8682010Revenue 2011: $4,651,883Expenses 2011: $4,414,788Net Income 2011: $237,0952011Expenses 2012: $4,609,3682012Expenses 2013: $4,764,4352013Revenue 2014: $4,938,902Expenses 2014: $4,652,733Net Income 2014: $286,1692014Revenue 2015: $5,312,215Expenses 2015: $5,020,415Net Income 2015: $291,8002015Revenue 2016: $5,691,354Expenses 2016: $5,710,234Net Income 2016: -$18,8802016Revenue 2017: $6,124,570Expenses 2017: $6,705,131Net Income 2017: -$580,5612017Revenue 2018: $7,783,776Expenses 2018: $7,464,102Net Income 2018: $319,6742018Revenue 2019: $9,734,053Expenses 2019: $8,478,132Net Income 2019: $1,255,9212019Revenue 2020: $10,265,981Expenses 2020: $9,491,632Net Income 2020: $774,3492020Revenue 2021: $11,161,443Expenses 2021: $9,521,984Net Income 2021: $1,639,4592021Revenue 2022: $11,135,237Expenses 2022: $9,891,849Net Income 2022: $1,243,3882022Revenue 2023: $11,869,913Expenses 2023: $10,440,111Net Income 2023: $1,429,8022023Revenue 2024: $11,941,805Expenses 2024: $10,615,700Net Income 2024: $1,326,1052024Revenue 2025: $11,395,773Expenses 2025: $10,837,197Net Income 2025: $558,5762025

Highlighted filing

2020

Revenue$10,265,981
Expenses$9,491,632
Net Income$774,349
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.0
Gross Receipts
$10,265,981
Mission and Program Overview

Mission

Day training for mentally handicapped adults and residential housing for mentally handicapped adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,096,099$5,829,739▲ $1,733,640
Land, Buildings, and Equipment, Net$1,984,762$2,012,437▲ $27,675
Pledges and Grants Receivable$2,006,136$1,934,209▼ $71,927
Cash and Non-Interest-Bearing Accounts$179,660$496,517▲ $316,857
Prepaid Expenses and Deferred Charges$19,875$18,625▼ $1,250
Accounts Receivable$28,819$13,649▼ $15,170
Total Assets$8,365,879$10,349,243▲ $1,983,364
Other Assets Total$50,528$44,067▼ $6,461
Liabilities
Other Liabilities$624,347$1,844,246▲ $1,219,899
Accounts Payable and Accrued Expenses$31,551$11,910▼ $19,641
Total Liabilities$655,898$1,856,156▲ $1,200,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,709,981$8,493,087▲ $783,106
Total Net Assets Fund Balance$7,709,981$8,493,087▲ $783,106
Total Liabilities and Net Assets / Fund Balance$8,365,879$10,349,243▲ $1,983,364

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,212,553$1,302,136$2,514,689
Equipment$605,544$1,502,756$2,108,300
Land$194,340-$194,340
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cheryl KingChairperson
Jinson KnottDirector
John EatonDirector
Mark BrowningDirector
Mary Cathryn PerryDirector
Rickie TealDirector
Sue LarmoyeuxDirector
Charlotte FrazineSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$9,476,173
Program Service Revenue
$701,626
Investment Income
$71,702
Other Revenue
$16,480
All Other Contributions
$1,181
Change in Net Assets
$774,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,265,981
Total Revenue per Audited Statements
$10,265,981
Total Revenue per Form 990
$10,265,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,710,031
Other Expenses$1,779,083
Grants and Similar Amounts Paid$2,518
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,912,824$497,498-$6,410,322
Other Employee Benefits$1,284,096$15,613-$1,299,709
Depreciation Depletion$263,791$9,231-$273,022
Occupancy$241,697$11,960-$253,657
All Other Expenses$181,520$17,792-$199,312
Other Expenses$153,358$4,716-$158,074
Insurance$71,571$62,186-$133,757
Conferences and Meetings$1,027$4,653-$5,680
Travel$1,973$2,278-$4,251
Grants to Domestic Individuals$2,518--$2,518
Office Expenses$1,757$161-$1,918
Interest$1--$1
Total Functional Expenses$8,651,478$840,154$0$9,491,632

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,491,633
Expenses per Audited Statements$9,491,632
Total Expenses per Form 990$9,491,632
Expenses Not Reported on Form 990$1
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$1,465,105
Accrued Payroll & Liabilities$379,141
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Personnel policy 302 states that employees have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. Employees are instructed to contact their supervisor or their administrative team for more information or questions about conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

Board of directors review

Form 990, Page 6, Part VI, Line 15B

Board of directors review

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Skills Development Services Inc
EIN
62-0673796
Phone
9314555107
Address
704 SOUTH WASHINGTON STREET, TULLAHOMA, TN 37388

Signing Officer

Name
Cheryl King
Title
Chairperson
Phone
9314555107
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl King
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
308

Preparer

Firm
Housholder Artman Pllc
Address
115 N JACKSON ST, TULLAHOMA, TN 37388-3523
Preparer
Linda L Bean
Phone
9314554248
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Difference in book/tax gain 0 book / tax depreciation difference -1 book/tax depreciation difference 0 book/tax gain difference 0 total -1

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Difference in book/tax gain 0

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 1

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IRS990ScheduleA/PublicSupportPY170Pct00.99450
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01502756
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08651478
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0655898
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IRS990/TravelGrp/ProgramServicesAmt01973
IRS990/TravelGrp/TotalAmt04251
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037330
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14
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ReturnHeader/Filer/EIN0620673796
ReturnHeader/Filer/PhoneNum09314555107
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TULLAHOMA
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.7$0.59$15.2$11.4$10.8$0.56
2024Detailed filing. Detailed filing data is available for this year.$15.0$0.60$14.4$11.9$10.6$1.33
2023Detailed filing. Detailed filing data is available for this year.$13.5$0.53$13.0$11.9$10.4$1.43
2022Detailed filing. Detailed filing data is available for this year.$12.0$0.50$11.5$11.1$9.89$1.24
2021Detailed filing. Detailed filing data is available for this year.$10.8$0.41$10.4$11.2$9.52$1.64
2020Detailed filing. Detailed filing data is available for this year.$10.3$1.86$8.49$10.3$9.49$0.77
2019Detailed filing. Detailed filing data is available for this year.$8.37$0.66$7.71$9.73$8.48$1.26
2018Detailed filing. Detailed filing data is available for this year.$6.95$0.59$6.36$7.78$7.46$0.32
2017Detailed filing. Detailed filing data is available for this year.$5.81$0.53$5.28$6.12$6.71$0.58
2016Detailed filing. Detailed filing data is available for this year.$6.19$0.40$5.79$5.69$5.71$0.02
2015Detailed filing. Detailed filing data is available for this year.$6.10$0.35$5.75$5.31$5.02$0.29
2014Detailed filing. Detailed filing data is available for this year.$5.90$0.47$5.42$4.94$4.65$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.63$0.48$5.15$4.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.43$5.05$4.61
2011Summary only. Only limited summary data is available for this year.$5.17$0.40$4.77$4.65$4.41$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.28$4.48$4.30