Detroit, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Center For Community Based Enterprise INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2021. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $46K, a strong 17% operating margin.
THE CENTER FOR COMMUNITY BASED ENTERPRISE IS A NON-PROFIT ORGANIZATION WORKING TO CREATE LIVING-WAGE JOBS THROUGH WORKER-OWNERSHIP IN ALL OF ITS FORMS. WE PROVIDE LEGAL HELP, TECHNICAL ASSISTANCE, EDUCATION, AND COLLABORATION TO INDIVIDUALS.
We have served over 30 businesses in FY 2022. These businesses have received technical assistance on worker ownership development, education through consultations, webinars, case studies, and C2BE...
We have served over 30 businesses in FY 2022. These businesses have received technical assistance on worker ownership development, education through consultations, webinars, case studies, and C2BE collateral. Over 60 percent are minority-owned (women, BIPOC-owned, LGTQ-IA.)Achieved the First c2be scaling opportunity of succession planning and transitioning traditional businesses to worker owned enterprise by helping business owners sell the business to its employees.I have included businesses (This includes the LEAP partnership). Also, this number contains companies we served through any of our three conversion stages. Lastly, out of the 91 businesses served, 57 or 63% are minority or SEDI-owned businesses. Signed first contract with quasi-governmental agency (Lansing Economic Area Partnership); and, first contract sourced from federal funds (ARPA; we received contract; LEAP received direct funds).Awarded Equal Justice Alliance of Michigan Membership (which brings fellows to the C2BE tyo assist with external organizing goals ; and unrestricted $$ resources; .) Full year of consecutive c2bes newsletters and communication with communityBrought on new third party finance team, CFACTs, to assess financial and accounting infrastructure and make recommendations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $268,298 | $224,050 | +0.2% |
| Expenses | $222,126 | $323,504 | -0.3% |
| Net Income | $46,172 | $-99,454 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SARAH CRAFT | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JUWON HARRIS | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DELPHIA SIMMONS | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| VINCENT TILFORD | SECRETARY | 5.00 |
Director
|
$0 | $0 | $0 |
| JUDITH WILLIAMS | CO-CHAIR | 5.00 |
Director
|
$0 | $0 | $0 |
| STEVE DUBB | CO-CHAIR | 5.00 |
Officer
|
$0 | $0 | $0 |
| ALICIA FARRIS | TREASURER | 5.00 |
Officer
|
$0 | $0 | $0 |
| HASSAN BAZZI | DIRECTOR | 5.00 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $268,298 | $222,126 | $430,669 | $46,172 |
| 2021 | $224,050 | $323,504 | $412,641 | $-99,454 |
| 2020 | $380,925 | $323,746 | $356,863 | $57,179 |
| 2019 | $106,950 | $368,863 | $286,196 | $-261,913 |
| 2018 | $578,960 | $321,255 | $559,488 | $257,705 |
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