NORTH CENTRAL MINORITY SUPPLIER DEV

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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

1994

Legal Domicile

Principal Officer

CAROLYN MOSBY

Phone

4142452147

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL MINORITY SUPPLIER DEV, founded in 1994, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $936K, a strong 45% operating margin.

Mission

NCMSDC'S MISSION IS TO PROVIDE BUSINESS DEVELOPMENT SERVICES TO CORPORATE MEMBERS AND CERTIFIED MBES TO ENHANCE RELATIONSHIPS AND MAXIMIZE BUSINESS OPPORTUITIES

Program Service Accomplishments

Program 1

Expenses: $770,935 Revenue: $210,240

MBDA SUPPOORTS AND PROMOTES THE GROWTH OF COMPETITIVE MINORITY BUSINESS ENTERPRISES.

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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 $1,881,650

Program Service Revenue $210,240

Investment Income $1,438

Other Revenue $-6,691

TOTAL REVENUE $2,086,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,487

Fundraising Expenses $12,680

Program Expenses $770,935

Other Expenses $754,858

TOTAL EXPENSES $1,150,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,086,637	$944,500	+1.2%
Expenses	$1,150,345	$947,526	+0.2%
Net Income	$936,292	$-3,026	-310.4%

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

$166,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA JOHNSON	BOARD CHAIR	1.00	Director	$0	$0	$0
LORENZO BELL	VICE CHAIR	1.00	Director	$0	$0	$0
NATALIE MCGRADY	VICE CHAIR	1.00	Director	$0	$0	$0
EDNA ABERNATHY	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN MOSBY	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
JESUS C SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TOBLER	DIRECTOR	1.00	Director	$0	$0	$0
DARREN HARMON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JAY PARKER	DIRECTOR	1.00	Director	$0	$0	$0
PREMA PATIL	DIRECTOR	1.00	Director	$0	$0	$0
ADONICA RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
JON SEGAL	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON PATEL	DIRECTOR	1.00	Director	$0	$0	$0
MINOO SEIFODDINI	DIRECTOR	1.00	Director	$0	$0	$0
DAMANI SHORT	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA PIERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MITCHELL	DIRECTOR	0.00	Director	$0	$0	$0
HEATHER OLSON	FORMER PRESIDENT/CEO	40.00	Officer	$148,741	$17,569	$166,310
CAROLYN MOSBY	PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$2,086,637	$1,150,345	$1,577,513	$936,292
2023	$1,186,059	$1,179,965	$933,604	$6,094
2022	$944,500	$947,526	$658,383	$-3,026
2021	$853,566	$726,850	$671,160	$126,716
2020	$703,090	$561,188	$477,144	$141,902
2019	$664,183	$632,107	$305,292	$32,076
2018	$754,956	$607,164	$220,653	$147,792