Center on Business and Poverty Inc (EIN 205282816) - 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

2006

Legal Domicile

Phone

4015244093

Tax Period

2024-01-01 to 2024-12-31

Center on Business and Poverty Inc, founded in 2006, is a small nonprofit in the Education sector that reported $254K in total revenue in fiscal year 2023.

Mission

To alleviate poverty through teaching financial literacy promoting employee ownership and working with and training company executives to enbrace those values along with creating jobs in low-income communities. We were established to address the needs of low and moderate income individuals and to support business practices of participatory capitalism.

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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 $44,900

Program Service Revenue $531,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $576,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,924

Fundraising Expenses $0

Program Expenses $355,861

Other Expenses $388,186

TOTAL EXPENSES $475,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$576,208	$254,252	+1.3%
Expenses	$475,110	$263,854	+0.8%
Net Income	$101,098	$-9,602	-11.5%

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

$88,428

Total Directors

$88,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Hoffmire	Chairman	30.00	Officer Director	$1,504	$0	$1,504
Thomas Harms	Treasurer	20.00	Officer Director	$20,000	$10,236	$30,236
Shelley Hoffmire	Secretary	20.00	Officer Director	$50,000	$0	$50,000
Len Janski	Director	20.00	Officer Director	$0	$6,688	$6,688
Ijeoma Agboti-Obatoyinbo	Director	0.20	Director	$0	$0	$0
Tara Sabre Collier	Director	0.20	Director	$0	$0	$0
Frank Cumberbatch	Director	0.60	Director	$0	$0	$0
Imruwa Demissie	Director	0.20	Director	$0	$0	$0
Isi Gbandi	Director	0.20	Director	$0	$0	$0
Carmen Porco	Director	0.50	Director	$0	$0	$0
Geetha Tharmaratnam	Director	0.20	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	$576,208	$475,110	$118,811	$101,098
2023	$254,252	$263,854	$-42,287	$-9,602

Center on Business and Poverty Inc