MENTOR ECONOMIC ASSISTANCE CORP (EIN 341424682) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

KELLY CONRAD

Phone

4409745740

Tax Period

2023-10-01 to 2024-09-30

MENTOR ECONOMIC ASSISTANCE CORP, founded in 1982, is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $81K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO ASSIST AND PROMOTE THE EMPLOYMENT OF INDIVIDUALS AND SMALL BUSINESSES AROUND THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,676

Investment Income $15,514

Other Revenue $0

TOTAL REVENUE $48,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,251

Fundraising Expenses $0

Program Expenses $3,445

Other Expenses $67,145

TOTAL EXPENSES $81,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,190	$41,965	+0.1%
Expenses	$81,396	$88,143	-0.1%
Net Income	$-33,206	$-46,178	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FOSNAUGHT	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS YOUNG IV	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN ALBERT	TREASURER	1.00	Officer Director	$0	$0	$0
NATE BELL	SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHON RUPLE	MEMBER	1.00	Director	$0	$0	$0
KENNETH FILIPIAK	MEMBER	1.00	Director	$0	$0	$0
JIM GRAY	MEMBER	1.00	Director	$0	$0	$0
JOSHUA STRICKLAND	MEMBER	1.00	Director	$0	$0	$0
JUSTIN SINGER	MEMBER	1.00	Director	$0	$0	$0
JULIE BURDEN-LINDNER	MEMBER	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	$48,190	$81,396	$469,109	$-33,206
2023	$41,965	$88,143	$497,403	$-46,178
2022	$36,305	$44,559	$543,581	$-8,254
2021	$57,043	$62,799	$551,835	$-5,756
2020	$49,876	$44,171	$559,401	$5,705
2019	$56,425	$18,018	$553,696	$38,407
2018	$76,506	$51,869	$515,646	$24,637

MENTOR ECONOMIC ASSISTANCE CORP