NAACP EMPOWERMENT PROGRAMS INC (EIN 131084135) - 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

1909

Legal Domicile

Principal Officer

DERRICK JOHNSON

Phone

4105805777

Tax Period

2024-01-01 to 2024-12-31

NAACP EMPOWERMENT PROGRAMS INC, founded in 1909, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $60.6M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $77.6M exceeded revenue, resulting in a 28% operating deficit.

Mission

DURING THE YEAR, EPI APPROVED THE PURCHASE A KEY MAN LIFE INSURANCE POLICY FOR ITS PRESIDENT, DERRICK JOHNSON, THAT IS OWNED BY THE PRESIDENT, HIMSELF. THE COST OF THE POLICY AND ITS RELATED TAXES IN THE AMOUNT OF $370,319 IS REFLECTED IN PART II, COLUMN B(III).

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,929,372

Program Service Revenue $2,895,447

Investment Income $2,381,338

Other Revenue $5,430,920

TOTAL REVENUE $60,637,077

Expense Breakdown

Grants Paid $8,551,996

Salaries & Benefits $22,162,685

Fundraising Expenses $5,835,180

Program Expenses $51,913,967

Other Expenses $46,381,279

TOTAL EXPENSES $77,569,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,637,077	$43,560,673	+0.4%
Expenses	$77,569,913	$60,261,869	+0.3%
Net Income	$-16,932,836	$-16,701,196	+0.0%

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

203

Volunteers

282

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

$1,707,144

Total Directors

Key Employees

$1,148,396

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON RUSSELL	CHAIRMAN	3.00	Officer Director	$0	$0	$0
KAREN BOYKIN-TOWNS	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JESSE TURNER JR	TREASURER	3.00	Officer Director	$0	$0	$0
YVONNE WHITE	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
ALPHONSO BRAGGS	ASSISTANT SECRETARY	3.00	Officer Director	$0	$0	$0
AKOSUA ALI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR AMOS BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL A CURRY ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DR HAZEL DUKES	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS KALAHAR	BOARD MEMBER	1.00	Director	$0	$0	$0
KYRA MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DWAYNE PROCTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN RICARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MADIE ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA SWEET-LOVE	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK JOHNSON	PRESIDENT AND CEO	40.00	Officer	$828,305	$62,613	$890,918
JANETTE MCCARTHY-WALLACE	GENERAL COUNSEL	40.00	Officer	$320,600	$44,314	$364,914
JUNKO KOBAYASHI	INTERIM CFO (THRU 07/2024)	40.00	Officer	$254,905	$41,686	$296,591
P BIANCA DOMALLY	CFO (AS OF 07/2024)	40.00	Officer	$131,733	$22,988	$154,721
DENESE CARROLL	COO/CTO	40.00	Key Emp	$396,373	$32,859	$429,232
ERIS SIMS	CHIEF OF STAFF	40.00	Key Emp	$331,188	$29,159	$360,347
YUMEKA RUSHING	CHIEF STRATEGY OFFICER	40.00	Key Emp	$330,233	$28,584	$358,817
ABA BLANKSON	CHIEF MARKETING OFFICER	40.00	Highest	$331,170	$41,783	$372,953
KYLE BOWSER	SENIOR VICE PRESIDENT	40.00	Highest	$311,181	$9,150	$320,331
JAMAL WATKINS	SENIOR VICE PRESIDENT	40.00	Highest	$247,445	$38,226	$285,671
PATRICE WILLOUGHBY	SENIOR VICE PRESIDENT	40.00	Highest	$243,241	$21,937	$265,178
HILARY SHELTON	SENIOR VICE PRESIDENT	40.00	Highest	$207,137	$56,322	$263,459

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	$60,637,077	$77,569,913	$89,516,233	$-16,932,836
2023	$43,560,673	$60,261,869	$95,795,169	$-16,701,196
2023	$43,560,673	$60,261,869	$95,795,169	$-16,701,196
2022	$51,161,643	$62,020,159	$106,452,290	$-10,858,516
2021	$103,738,054	$54,055,532	$113,174,751	$49,682,522
2020	$85,950,192	$39,493,840	$60,368,468	$46,456,352
2020	$85,950,192	$39,493,840	$60,368,468	$46,456,352
2020	$85,950,192	$39,493,840	$60,368,468	$46,456,352
2020	$86,769,060	$38,122,814	$61,536,103	$48,646,246
2019	$28,644,805	$31,327,243	$19,749,511	$-2,682,438
2019	$27,959,305	$30,410,953	$20,860,680	$-2,451,648
2018	$33,533,923	$31,676,500	$19,430,011	$1,857,423

NAACP EMPOWERMENT PROGRAMS INC