URBAN ENTERPRISE ASSN OF HAMMOND I… - 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

1984

Legal Domicile

Principal Officer

AFRICA TARVER

Phone

2198536512

Tax Period

2021-01-01 to 2021-12-31

URBAN ENTERPRISE ASSN OF HAMMOND INC, founded in 1984, is a small nonprofit that reported $412K in total revenue in fiscal year 2021. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $715K exceeded revenue, resulting in a 73% operating deficit.

Mission

THE ORGANIZATION WAS FORMED ON BEHALF OF THE CITY OF HAMMOND TO FACILITATE ECONOMIC DEVELOPMENT AND FOSTER COMMUNITY DEVELOPMENT. PROGRAMS ARE DESIGNED TO FIGHT DECAY OF THE CITY AND HELP ELIMINATE UBRAN BLIGHT IN THE CITY OF HAMMOND.

Program Service Accomplishments

Program 1

Expenses: $341,981 Revenue: $12,096

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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 (2021)

Revenue Breakdown

Contributions & Grants $396,279

Program Service Revenue $0

Investment Income $3,636

Other Revenue $12,096

TOTAL REVENUE $412,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,757

Fundraising Expenses $0

Program Expenses $341,981

Other Expenses $679,778

TOTAL EXPENSES $714,535

Year-over-Year Comparison

	2021	2020	Change
Revenue	$412,011	$521,050	-0.2%
Expenses	$714,535	$526,512	+0.4%
Net Income	$-302,524	$-5,462	+54.4%

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

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
LAVETTA SPARKS-WADE	DIRECTOR	2.00	Director	$0	$0	$0
CATHLINE MAREK	TREASURER	2.00	Officer Director	$0	$0	$0
AFRICA TARVER	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANNE ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
DAN SPITALE	DIRECTOR	2.00	Director	$0	$0	$0
DANA BOOTH	DIRECTOR	2.00	Director	$0	$0	$0
KELLIE TAILLON	DIRECTOR	2.00	Director	$0	$0	$0
MATT MUTA	DIRECTOR	2.00	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
2021	$412,011	$714,535	$2,138,981	$-302,524
2020	$521,050	$526,512	$2,539,977	$-5,462
2019	$796,278	$1,125,933	$2,848,317	$-329,655
2018	$1,016,426	$647,845	$2,939,520	$368,581

URBAN ENTERPRISE ASSN OF HAMMOND INC