CENTER FOR FINANCIAL EMPOWERMENT

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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

2005

Legal Domicile

Principal Officer

JENNIFER OLIVER

Phone

6269606888

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR FINANCIAL EMPOWERMENT, founded in 2005, is a small nonprofit in the Human Services sector that reported $409K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $369K left a modest 10% surplus.

Mission

Center for Financial Empowerment is a nonprofit 501(c)(3) organization whose mission is to break the cycle of generational poverty and create more stable communities through youth financial education.

Program Service Accomplishments

Program 1

Expenses: $84,739

FINANCIAL LITERACY WORKSHOPS AND INTERACTIVE EVENTS FOR UNDERSERVED HIGH SCHOOL YOUTH. CLASSES ON BASIC BUDGETING, SAVINGS, AND CREDIT MANAGEMENT.

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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 $402,614

Program Service Revenue $0

Investment Income $6,756

Other Revenue $0

TOTAL REVENUE $409,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,670

Fundraising Expenses $4,413

Program Expenses $84,739

Other Expenses $113,574

TOTAL EXPENSES $369,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,370	$375,700	+0.1%
Expenses	$369,244	$376,902	0.0%
Net Income	$40,126	$-1,202	-34.4%

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

N/A

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
M KENJI COLEMAN	Chairman	1.00	Officer Director	$0	$0	$0
LISA TORTI	Director	1.00	Director	$0	$0	$0
TIM FERREIRA	Director	2.00	Director	$0	$0	$0
PASCUAL GARRIDO	Secretary	1.00	Officer Director	$0	$0	$0
JENNIFER OLIVER	Treasurer	1.00	Officer Director	$0	$0	$0
ABBY ULM	PROG. DIRECTOR	40.00	Director	$0	$0	$0
MATTHEW SHANNON	Director	1.00	Director	$0	$0	$0
DIANA CERVANTES	Executive Dir.	1.00	Director	$0	$0	$0

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	$409,370	$369,244	$345,182	$40,126
2023	$375,700	$376,902	$316,508	$-1,202
2022	$345,330	$328,369	$324,337	$16,961
2021	$351,382	$297,214	$292,209	$54,168
2020	$160,115	$173,414	$191,442	$-13,299
2019	$205,094	$324,503	$204,741	$-119,409