DUDLEY ECONOMIC EMPOWERMENT PARTNERS INC (EIN 043292135) - 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

1994

Legal Domicile

Principal Officer

PETER HUNT

Phone

6174458887

Tax Period

2023-10-01 to 2024-09-30

DUDLEY ECONOMIC EMPOWERMENT PARTNERS INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $106K in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $681K exceeded revenue, resulting in a 544% operating deficit.

Mission

THE PRIMARY MISSION OF DEEP IS TO PROMOTE ECONOMIC DEVELOPMENT; TO IDENTIFY AND ALLEVIATE STRUCTURAL CAUSES OF BUSINESS DECLINE; TO INVEST IN THE COMMUNITY BY PURCHASING AND HOLDING STRATEGIC PROPERTY FOR DEVELOPMENT; TO GUIDE ECONOMIC DEVELOPMENT PROCESSES AS A TRUSTEE OF THE COMMUNITY RESIDENTS; AND TO DO ALL ACTS PERMITTED UNDER THE PROVISIONS OF CHAPTER 180 OF THE GENERAL LAWS OF MASS. AND SECTION 501 (C)(3) OF THE IRS CODE.

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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 $243,949

Other Revenue $-138,199

TOTAL REVENUE $105,750

Expense Breakdown

Grants Paid $495,000

Salaries & Benefits $0

Fundraising Expenses $12,000

Program Expenses $546,169

Other Expenses $186,242

TOTAL EXPENSES $681,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,750	$49,847	+1.1%
Expenses	$681,242	$1,305,411	-0.5%
Net Income	$-575,492	$-1,255,564	-0.5%

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

$114,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL GOGOLIN	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA FORDE	CO-PRESIDENT	0.50	Officer Director	$0	$0	$0
AMENYONAH BOSSMAN	DIRECTOR	0.50	Director	$0	$0	$0
BROOKE WOODSON	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES BORSTEL	OUTGOING DIRECTOR	0.50	Director	$0	$0	$0
DAVID HARRIS	CLERK	0.50	Officer Director	$0	$0	$0
EDWARD RANSOM	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN O'CONNOR	DIRECTOR	0.50	Director	$0	$0	$0
FRANK BURT	OUTGOING DIRECTOR	0.50	Director	$0	$0	$0
JEANINE ARMITSTEAD	OUTGOING DIRECTOR	0.50	Director	$0	$0	$0
JILL LACEY GRIFFIN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN WOLFF	DIRECTOR	0.50	Director	$0	$0	$0
KENNETH WILLIS	CO-PRESIDENT	0.50	Officer Director	$0	$0	$0
LEROY BROWNE	OUTGOING DIRECTOR	0.50	Director	$0	$0	$0
LIEM TRAN	TREASURER	0.50	Officer Director	$0	$0	$0
MATT GROSSHANDLER	DIRECTOR	0.50	Director	$0	$0	$0
MELINDA GIOVENGO	DIRECTOR	0.50	Director	$0	$0	$0
MELVIN VIEIRA JR	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT HARRINGTON	DIRECTOR	0.50	Director	$0	$0	$0
SHAUN LEONARD	DIRECTOR	0.50	Director	$0	$0	$0
SHELLEY WEBSTER	DIRECTOR	0.50	Director	$0	$0	$0
STEVE EUSTIS	DIRECTOR	0.50	Director	$0	$0	$0
TOM GOEMAAT	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS WATSON	DIRECTOR	0.50	Director	$0	$0	$0
TROY DEPEZIA	DIRECTOR	0.50	Director	$0	$0	$0
DANYSON FRAGOSO TAVARES	EXECUTIVE DIRECTOR	0.50	Officer	$0	$23,723	$114,687
JOHN WILLIAMS	INTERIM EXEC. DIR. (UNTIL 03/2024)	0.50	Officer	$0	$0	$0
BRIAN MCPHERSON	EXECUTIVE DIRECTOR (UNTIL 9/2023)	0.50		$0	$482	$168,728

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	$105,750	$681,242	$6,243,300	$-575,492
2023	$49,847	$1,305,411	$6,188,752	$-1,255,564
2022	$144,458	$349,790	$6,817,613	$-205,332
2021	$5,951,780	$624,027	$7,834,919	$5,327,753
2020	$860,291	$951,292	$5,736,014	$-91,001
2019	$1,057,403	$852,555	$6,248,991	$204,848
2018	$880,860	$1,010,593	$6,218,176	$-129,733

DUDLEY ECONOMIC EMPOWERMENT PARTNERS INC