THE BUSINESS CENTER FOR ENTREPRENEURSHIP AND SOCIA

EIN: 232972070 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$547,870
Total Expenses
$402,723
Total Assets
$1,096,524
Net Assets
$515,381
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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
2001
Legal Domicile
PA
Principal Officer
PAMELA RICH WHEELER
Phone
2152472473
Tax Period
2023-01-01 to 2023-12-31

THE BUSINESS CENTER FOR ENTREPRENEURSHIP AND SOCIA, founded in 2001, is a small nonprofit in the Education sector that reported $548K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 26% operating margin.

Mission

PROVIDES EDUCATION AND BUSINESS NETWORKING PROGRAMS NECESSARY TO STRENGTHEN THE BUSINESS FORMATION AND NECESSARY TO CONTRIBUTE TO IMPROVING NORTHWEST PHILADELPHIA S MINORITY ECOSYSTEMS

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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 $529,995
Program Service Revenue $10,050
Investment Income $2,051
Other Revenue $5,774
TOTAL REVENUE $547,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,709
Fundraising Expenses $83,948
Other Expenses $163,014
TOTAL EXPENSES $402,723

Year-over-Year Comparison

2023 2022 Change
Revenue $547,870 $429,198 +0.3%
Expenses $402,723 $402,292 +0.0%
Net Income $145,147 $26,906 +4.4%
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

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Governance

Voting Members
13
Independent Members
13
Employees
7
Volunteers
12

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
0
$0
Total Directors
12
$0
Key Employees
1
$128,806
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA RICH WHEELER EXECUTIVE DIRECTOR 40
Key Emp Highest
$128,806 $0 $128,806
RON WILLIFORD PRESIDENT 1
Director
$0 $0 $0
DON WILLIFORD BOARD MEMBER 1
Director
$0 $0 $0
RONALD NICHOLS BOARD MEMBER 1
Director
$0 $0 $0
KENYA THOMPSON BOARD MEMBER 1
Director
$0 $0 $0
JOHN KAHLER BOARD MEMBER 1
Director
$0 $0 $0
JANINE SCAFF BOARD MEMBER 1
Director
$0 $0 $0
BARBARA WILLIAMS BOARD MEMBER 1
Director
$0 $0 $0
KELLY GARRETT BURKS BOARD MEMBER 1
Director
$0 $0 $0
CAMILLE SIMPKINS BOARD MEMBER 1
Director
$0 $0 $0
WILL WILLIAMS BOARD MEMBERS 1
Director
$0 $0 $0
ANGIE BOWIE BOARD MEMBER 1
Director
$0 $0 $0
DR DOREEN LOURY BOARD MEMBER 1
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 No data No data No data No data
2023 $547,870 $402,723 $1,096,524 $145,147
2022 $429,198 $402,605 $668,831 $26,593
2021 $456,628 $203,932 $459,304 $252,696
2020 $252,283 $167,319 $185,108 $84,964
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