Skills Development INC FY2024 filing

Hannibal, MO · Public charity (501(c)(3)) · Employment

✓ Tax-deductible
Revenue
$1.0M
+0.1% vs prior year
Spent
$451K
To programs
81%
Net assets
$2.0M
By yearFY2021–FY2025
Revenue
$1.0M
FY2024+0.1%
Revenue by fiscal year
FY2021$391K
FY2022$587K
FY2023$1.0M
FY2024$1.0M
FY2025$1.0M
Expenses
$451K
FY2024▲ +7%
Expenses by fiscal year
FY2021$385K
FY2022$401K
FY2023$420K
FY2024$451K
FY2025$480K
Net assets
$2.0M
FY2024▲ +38%
Net assets by fiscal year
FY2021$692K
FY2022$879K
FY2023$1.5M
FY2024$2.0M
FY2025$2.6M

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSkills Development INC
EINHdr · item D43-1182992
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1980
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CHannibal, MO
NTEE classificationIRS BMFEmployment (J99Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$367K
Management & general19%$85K
Total functional expensesLn 25$451K

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
50.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+55%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.0M
FY2024▲ +38%
Total assets by fiscal year
FY2021$692K
FY2022$879K
FY2023$1.5M
FY2024$2.0M
FY2025$2.6M
Total liabilities
$766
FY2024▼ -20%
Total liabilities by fiscal year
FY2021$0
FY2022$0
FY2023$955
FY2024$766
FY2025$939
Revenue less expensesPt I · Ln 19$554K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$2.0M
Total liabilitiesLn 26$766
Total net assetsLn 32$2.0M
Months of cash on handcomputed50.4

Statement of Revenue

Part VIII
Program service revenue$969K · 96%
Investment income$35K · 3%
Program service revenue96%$969K
Investment income3%$35K
Contributions & grants$1K
Other revenue$123
Total revenueLn 12$1.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $451K
50.4 months
Where the money goes
Program services
Program services $367K · Total expenses $451K
81%
Management & General
Management & general $85K · Total expenses $451K
19%
Fundraising
Fundraising $0 · Total expenses $451K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $358
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $1.0M
0.1%
Government reliance
Government grants — · Total revenue $1.0M
—
Earned-income share
Program service revenue $969K · Total revenue $1.0M
96%
Investment reliance
Investment income $35K · Total revenue $1.0M
+3%
Program self-sufficiency
Program service revenue $969K · Total expenses $451K
215%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1.0M
+0.1%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $451K
+55%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
—
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lisa Harmann · Reported title DIRECTOR · Highest reported compensation $68K · Total expenses $451K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $355K · Total expenses $451K
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Revenue growth 0.1%——
Legal fee ratio 0.2%——
Accounting fee ratio 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$67,612Pt VII · Sec A
Co-Assistant Director
$40,757Pt VII · Sec A
Co-Assistant Director
$30,080Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Lisa Harmann’s $72K as Director is at the 10th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023
Lisa Harmann$72,414$67,612$65,173
Lyndy Larson$48,109$40,757$33,537
Marcus T McGruder$38,513——
Dionne M Leapley$24,383$30,080—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides services to help people with disabilities develop skills and live more independently.

Provided by the organization

This section is blank until Skills Development INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $367K of program spending, described in the organization's own filed words · FY2023.
01

Programs provide training and opportunities to work on daily living personal care, self-help, social, leisure, and community integration skills for the individuals who attend. Clients are supported by enhancing their quality of life according to their needs and expectations.

$367Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.0M$480K+3% 990 PDF
FY2024 Viewing $1.0M$451K+0.1% 990 PDF
FY2023 $1.0M$420K+71% 990 PDF
FY2022 $587K$401K+50% 990 PDF
FY2021 $391K$385K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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