BELIEVERS UNITED FOR PROGRESS (EIN 352292442) - 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

2007

Legal Domicile

Principal Officer

Kasib Abdullah

Phone

9193818519

Tax Period

2022-01-01 to 2022-12-31

BELIEVERS UNITED FOR PROGRESS, founded in 2007, is a small nonprofit in the Human Services sector that reported $316K in total revenue in fiscal year 2022. Expenses of $447K exceeded revenue, resulting in a 41% operating deficit.

Mission

Believers United for Progress' mission is to facilitate the reconstruction of a self-sufficient community. Our tools are respect, love and faith in all humanity. The goal of the organization is to use social interaction, food/meal accessibility and engagement for the progress of all people.

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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 (2022)

Revenue Breakdown

Contributions & Grants $314,803

Program Service Revenue $0

Investment Income $14

Other Revenue $957

TOTAL REVENUE $315,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,552

Fundraising Expenses $9,227

Program Expenses $421,586

Other Expenses $327,048

TOTAL EXPENSES $446,600

Year-over-Year Comparison

	2022	2021	Change
Revenue	$315,774	$302,183	+0.0%
Expenses	$446,600	$386,929	+0.2%
Net Income	$-130,826	$-84,746	+0.5%

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

$28,427

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kasib Abdllah	Executive Director	40	Officer	$28,427	$0	$28,427
Abdul Waheed	Board Chair	4	Director	$0	$0	$0
Gwendolyn Carroll	Board Vice Chair	3	Director	$0	$0	$0
Rene Daughtry	Board Secretary	4	Director	$0	$0	$0
Nyesha Robinson	Board Treasurer	4	Director	$0	$0	$0
Paul Harris	Board Member	3	Director	$0	$0	$0
Kia Campbell	Board Member	3	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
2022	$315,774	$446,600	$95,682	$-130,826
2021	$302,183	$386,929	$234,518	$-84,746
2020	$304,401	$347,129	$3,464	$-42,728

BELIEVERS UNITED FOR PROGRESS