Neighborhood Self Employment Initiative Inc

EIN: 352028160 501(c)(3) Community Improvement

Indianapolis, IN

Total Revenue
$1,712,079
Total Expenses
$1,781,747
Total Assets
$7,563,755
Net Assets
$2,826,905
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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
1997
Legal Domicile
IN
Phone
3174642258
Tax Period
2023-01-01 to 2023-12-31

Neighborhood Self Employment Initiative Inc, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO HELP INDIVIDUALS GROW AND LAUNCH THEIR OWN BUSINESS THROUGH FREE ONE-TO-ONE COACHING, WORKSHOPS AND ACCESS TO CAPITAL IN CENTRAL INDIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,429,436
Program Service Revenue $275,509
Investment Income $0
Other Revenue $7,134
TOTAL REVENUE $1,712,079

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,016,956
Fundraising Expenses $0
Program Expenses $1,426,973
Other Expenses $764,791
TOTAL EXPENSES $1,781,747

Year-over-Year Comparison

2023 2022 Change
Revenue $1,712,079 $848,057 +1.0%
Expenses $1,781,747 $1,230,756 +0.4%
Net Income $-69,668 $-382,699 -0.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
11
Volunteers
30

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
$22,630
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIR 2.0
Officer Director
$0 $0 $0
N/A BOARD CHAIR 2.0
Officer Director
$0 $0 $0
N/A SECRETARY 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 40.0
Officer
$21,791 $839 $22,630
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 No data No data No data No data
2023 $1,712,079 $1,781,747 $7,563,755 $-69,668
2022 $848,057 $1,230,756 $8,162,575 $-382,699
2021 $1,342,321 $1,695,916 $9,845,719 $-353,595
2020 $18,484,528 $15,511,256 $10,832,458 $2,973,272
2019 $1,054,653 $1,079,484 $2,720,983 $-24,831
2018 $908,721 $1,025,580 $2,669,821 $-116,859
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