Financial Alliance for Women Inc

EIN: 274697912 Community Improvement

Brooklyn, NY

Total Revenue
$2,133,928
Total Expenses
$1,756,765
Total Assets
$1,715,030
Net Assets
$1,003,615
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
Inez Murray
Phone
9176483512
Tax Period
2024-01-01 to 2024-12-31

Financial Alliance for Women Inc, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $377K, a strong 18% operating margin.

Mission

Financial Alliance for Women propels the growth of women in business and womens wealth creation, while generating superior business outcomes for our member financial institutions.

Program Service Accomplishments

Program 1

Research and Knowledge - collates the results, research, experience and advice of member banks with successful Womens Market programs, as well as conducts market intelligence research on the female...

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Research and Knowledge - collates the results, research, experience and advice of member banks with successful Womens Market programs, as well as conducts market intelligence research on the female economy.

Program 2

Peer Learning and Networking - offers members the opportunity to learn practical wisdom from the real-world experiences other members have on what it takes to build a profitable Womens Market program.

Program 3

Communications and Advocacy - the goal of the Alliances Communications and Advocacy service offering is to position the Alliance as a technical and thought leader in the financial inclusion space by...

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Communications and Advocacy - the goal of the Alliances Communications and Advocacy service offering is to position the Alliance as a technical and thought leader in the financial inclusion space by reaching its member banks, potential member banks, policymakers, the media, womens organizations, and the informed public with timely, reliable, actionable, and thought-provoking information, delivered across multiple channels.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,896,681
Program Service Revenue $237,247
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,133,928

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $521,335
Fundraising Expenses $28,941
Other Expenses $1,210,430
TOTAL EXPENSES $1,756,765

Year-over-Year Comparison

2024 2023 Change
Revenue $2,133,928 $910,407 +1.3%
Expenses $1,756,765 $1,561,045 +0.1%
Net Income $377,163 $-650,638 -1.6%
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

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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
15
Independent Members
14
Employees
4
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
4
$297,057
Total Directors
15
$297,057
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Inez Murray Executive Director 40.00
Officer Director Highest
$280,356 $16,701 $297,057
Tessa Ruben Knowledge Manager 40.00
Highest
$108,177 $5,996 $114,173
Allision Rose Chair 1.00
Officer Director
$0 $0 $0
Steven Puig Treasurer 1.00
Officer Director
$0 $0 $0
Paul Jenkins Secretary 1.00
Officer Director
$0 $0 $0
Rachael Freeman Director 1.00
Director
$0 $0 $0
K Shelly Porges Director 1.00
Director
$0 $0 $0
Selim Hussain Director 1.00
Director
$0 $0 $0
Ulrike Decoene Director 1.00
Director
$0 $0 $0
Christine Parker Director 1.00
Director
$0 $0 $0
Rachel Robboy Director 1.00
Director
$0 $0 $0
Aishah Ahmed Director 1.00
Director
$0 $0 $0
Sam Cooper-Gray Director 1.00
Director
$0 $0 $0
Nadia Al Saeed Director 1.00
Director
$0 $0 $0
Florence Boupda Director 1.00
Director
$0 $0 $0
Martin Powell Director 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 $2,133,928 $1,756,765 $1,715,030 $377,163
2023 $910,407 $1,561,045 $917,760 $-650,638
2022 $2,147,872 $1,469,515 $1,545,605 $678,357
2021 $1,127,007 $1,292,214 $1,009,594 $-165,207
2020 $983,312 $1,193,374 $999,028 $-210,062
2018 $950,536 $1,219,615 $881,754 $-269,079
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