Fort Wayne Urban Enterprise Associ… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

Nancy Townsend

Phone

2604222304

Tax Period

2024-01-01 to 2024-12-31

Fort Wayne Urban Enterprise Association Inc, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

SEED is dedicated to economic prosperity through equitable business growth and stable jobs for the Fort Wayne community.

Program Service Accomplishments

Program 1

Expenses: $1,318,021

During the 2024 fiscal year, the SEED trained thirty-three (33) local entrepreneurs through our BUILD program and awarded $268,730 to small business and social service organizations, supporting the creation of 48 new jobs. Participating businesses represented a range of sectors, including food service, personal service, and social services. SEED also subsidized rent for fourteen (14) early-stage businesses across five industries in our Urban Enterprise Center, which operated at 82.4% occupancy.

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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 $397,625

Program Service Revenue $906,656

Investment Income $34,847

Other Revenue $1,163

TOTAL REVENUE $1,340,291

Expense Breakdown

Grants Paid $625,038

Salaries & Benefits $188,972

Fundraising Expenses $0

Program Expenses $1,318,021

Other Expenses $582,061

TOTAL EXPENSES $1,396,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,340,291	$935,775	+0.4%
Expenses	$1,396,071	$777,458	+0.8%
Net Income	$-55,780	$158,317	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Dortch	Chairman	1.00	Officer Director	$0	$0	$0
Ellen Cutter	Vice Chairman	1.00	Officer Director	$0	$0	$0
Fernando Zapari	Treasurer	1.00	Officer Director	$0	$0	$0
Julie Garwood	Director	0.50	Director	$0	$0	$0
Daniel Baisden	Director	0.50	Director	$0	$0	$0
Jerry Henry	Director	0.50	Director	$0	$0	$0
Geoff Paddock Councilman	Director	0.50	Director	$0	$0	$0
Rohli Booker Councilwomen	Director	0.50	Director	$0	$0	$0
Jerry Starks	Director	0.50	Director	$0	$0	$0
Philip GiaQuinta State Rep	Director	0.50	Director	$0	$0	$0
Linda Walczak	Director	0.50	Director	$0	$0	$0
Rachel Guin	Director	0.50	Director	$0	$0	$0
Andrea Robinson	Executive Dir.	15.00	Officer	$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	$1,340,291	$1,396,071	$2,148,379	$-55,780
2023	$935,775	$777,458	$2,162,120	$158,317
2022	$831,361	$1,083,811	$2,152,067	$-252,450
2021	$998,460	$962,699	$2,205,287	$35,761
2020	$1,203,855	$1,240,722	$2,150,078	$-36,867
2019	$1,105,811	$1,147,883	$1,667,232	$-42,072

Fort Wayne Urban Enterprise Association Inc