NATIONAL MINORITY SUPPLIER DEVELOP… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

SAHRA HALPERN

Phone

2122437360

Tax Period

2023-01-01 to 2023-12-31

NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL BUSINESS CONSORTIUM FUND INC, founded in 1987, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $362K, a strong 18% operating margin.

Mission

THE BUSINESS CONSORTIUM FUND (BCF) PROVIDES ACCESS TO CAPITAL TO NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC) CERTIFIED MINORITY BUSINESS ENTREPRENEURS (MBE) UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS. A NUMBER OF FINANCING PROGRAMS ARE AVAILABLE THROUGH THE BCF, INCLUDING: CONTRACT, ACCOUNTS RECEIVABLE AND EQUIPMENT FINANCING, WORKING CAPITAL LOANS, TERM LOANS AND EQUITY BASED FUNDING.

Program Service Accomplishments

Program 1

Expenses: $818,652 Revenue: $517,977

A NONPROFIT LENDER THAT PROVIDES FINANCING TO CERTIFIED MINORITY-OWNED BUSINESSES THAT ENGAGE IN BUSINESS-RELATED ACTIVITY WITH CORPORATE MEMBERS OF THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL...

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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 $1,409,150

Program Service Revenue $517,977

Investment Income $95,661

Other Revenue $0

TOTAL REVENUE $2,022,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,191,572

Fundraising Expenses $285,091

Program Expenses $818,652

Other Expenses $469,408

TOTAL EXPENSES $1,660,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,022,788	$1,566,911	+0.3%
Expenses	$1,660,980	$1,318,677	+0.3%
Net Income	$361,808	$248,234	+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

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

$756,523

Total Directors

$419,613

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAHRA HALPERN	PRESIDENT	40.00	Officer Director	$299,650	$67,955	$367,605
JEFFREY UNDERWEISER	SECRETARY	2.00	Officer Director	$52,008	$0	$52,008
NATALIE MCGRADY	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CLIFFORD BAILEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KRIS OSWOLD	IMMEDIATE PAST CHAIR (TO NOV '23)	2.00	Officer Director	$0	$0	$0
JENNIFER POWERS	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN S ADAMS	DIRECTOR	2.00	Officer Director	$0	$0	$0
TED ARCHER	DIRECTOR (FROM AUG '23)	2.00	Director	$0	$0	$0
TODD BRANTLEY	DIRECTOR (FROM AUG '23)	2.00	Director	$0	$0	$0
JOHANNE CHAN	DIRECTOR	2.00	Director	$0	$0	$0
TERRENCE CLARK	DIRECTOR (FROM AUG '23)	2.00	Director	$0	$0	$0
THOMAS C FITZGERALD	DIRECTOR	2.00	Director	$0	$0	$0
LASHONDA FUSELIER	DIRECTOR	2.00	Director	$0	$0	$0
KALA GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
FERNANDO HERNANDEZ	DIRECTOR (TO AUG '23)	2.00	Director	$0	$0	$0
STACEY KEY	DIRECTOR (TO AUG '23)	2.00	Director	$0	$0	$0
NANCY MCGUIRE	DIRECTOR	2.00	Director	$0	$0	$0
YING MCGUIRE	DIRECTOR	2.00	Director	$0	$0	$0
TAMEKA PORTE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE ROBINSON	DIRECTOR (FROM AUG '23)	2.00	Director	$0	$0	$0
SOCORRO T VALLEJO	VP/CONTROLLER	40.00	Officer	$143,278	$26,525	$169,803
RUBEN RODRIGUEZ	VP, CHIEF LENDING OFFICER	40.00	Officer	$124,342	$42,765	$167,107
CAMELLIA LOOJUNE	DIRECTOR, SMALL BUSINESS LENDING	40.00	Highest	$122,369	$37,425	$159,794

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	No data	No data	No data	No data
2023	$2,022,788	$1,660,980	$8,066,076	$361,808
2022	$1,566,911	$1,318,677	$5,426,269	$248,234
2021	$1,649,138	$941,554	$4,404,623	$707,584
2020	$621,310	$922,131	$3,852,414	$-300,821
2019	$378,962	$825,099	$4,240,506	$-446,137
2018	$434,021	$801,734	$4,809,423	$-367,713

NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL BUSINESS CONSORTIUM FUND INC