NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL BUSINESS CONSORTIUM FUND INC

EIN: 133407599 501(c)(3)

NEW YORK, NY

Total Revenue
$2,022,788
Total Expenses
$1,660,980
Total Assets
$8,066,076
Net Assets
$4,244,141
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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
NY
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

TO PROVIDE ACCESS TO CAPITAL TO NMSDC COUNCIL CERTIFIED MINORITY BUSINESS ENTRPRENEURS UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS.

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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%)

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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

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Governance

Voting Members
17
Independent Members
15
Employees
8
Volunteers
18

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
9
$756,523
Total Directors
20
$419,613
Key Employees
0
$0
Highest Compensated
1
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
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