MINORITY BUSINESS INSTITUTE INC

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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

2010

Legal Domicile

Principal Officer

DAVID CAYEMITTE

Phone

6094560818

Tax Period

2024-07-01 to 2025-06-30

MINORITY BUSINESS INSTITUTE INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $636K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $916K exceeded revenue, resulting in a 44% operating deficit.

Mission

THROUGH EDUCATION AND ADVOCACY, THE MINORITY BUSINESS INSTITUTE MISSION IS TO ASSIST THE MINORITY CONTRACTOR POPULATION TO DEVELOP SOCIO-ECONOMIC PARITY BY ADDRESSING BUSINESS ISSUES THAT CREATE BARRIERS TO SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $697,457 Revenue: $369,681

MBDI PROGRAMS HELP BUILD THE MANAGERIAL, OPERATIONAL AND FINANCIAL FUNCTIONS OF MINORITY AND WOMEN OWNED CONTRACTING FIRMS TO PREPARE THEM TO GET BONDED AND PERMANENTLY INCREASE THEIR OPPORTUNITIES...

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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 $13,000

Program Service Revenue $369,681

Investment Income $0

Other Revenue $253,707

TOTAL REVENUE $636,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,034

Fundraising Expenses $202,327

Program Expenses $697,457

Other Expenses $391,325

TOTAL EXPENSES $916,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,388	$1,330,830	-0.5%
Expenses	$916,359	$773,349	+0.2%
Net Income	$-279,971	$557,481	-1.5%

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

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

$246,468

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CAYEMITTE	CEO	40.00	Officer Director	$150,000	$0	$150,000
LIZ DUNCAN-GILMOUR	EXECUTIVE DI	40.00	Officer	$51,468	$0	$51,468
TODD MIDDLEBROOK	EXECUTIVE DI	40.00	Officer	$45,000	$0	$45,000
CHRISTOPHER BLACK	MEMBER AT LA	2.00	Director	$0	$0	$0
KATE BOLDUC	MEMBER AT LA	2.00	Director	$0	$0	$0
JACK CALLAHAN	TREASURER	2.00	Officer Director	$0	$0	$0
ROHAN DEFREITAS	MEMBER AT LA	2.00	Director	$0	$0	$0
JOSEPH JINGOLI	MEMBER AT LA	2.00	Director	$0	$0	$0
JEFFREY LATTMANN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDRE O'REGGIO	CHAIR	2.00	Officer Director	$0	$0	$0
RALPH PULVER	MEMBER AT LA	2.00	Director	$0	$0	$0
LISA TEPPER	MEMBER AT LA	2.00	Director	$0	$0	$0
KENNETH THEOBALDS	MEMBER AT LA	2.00	Director	$0	$0	$0
DENISE THOMPSON	MEMBER AT LA	2.00	Officer 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
2025	$636,388	$916,359	$119,759	$-279,971
2024	$1,330,830	$773,349	$396,881	$557,481
2023	$659,592	$584,260	$135,940	$75,332
2022	$17,000	$29,958	$2,209	$-12,958
2021	$3,000	$22,398	$335	$-19,398
2020	$22,661	$95,721	$3,249	$-73,060
2019	$191,279	$97,850	$7,576	$93,429
2018	$21,691	$28,531	$1,494	$-6,840