FLINT AREA ENTERPRISE COMMUNITY INC

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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

Principal Officer

WILTON BENNETT

Phone

8107667426

Tax Period

2020-07-01 to 2021-03-31

FLINT AREA ENTERPRISE COMMUNITY INC, founded in 1997, is a micro nonprofit that reported $3K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 1108% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS OF THE CITY OF FLINT BY ENCOURAGING NEIGHBORHOOD STABILIZATION THROUGH THE CREATION OF SAFE, HEALTHY, AND DESIRABLE NEIGHBORHOODS SUPPORTED BY QUALITY COMMUNITY SERVICES, PROMOTION OF A GROWING AND DIVERSE ECONOMY, ONE THAT SPURS INNOVATION AND SMALL BUSINESS DEVELOPMENT, AND PREPARATION OF THE WORKFORCE, BOTH FOR TODAY'S JOBS AND THOSE OF THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $198 Revenue: $2,704

NONE

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,748

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198

Other Expenses $33,198

TOTAL EXPENSES $33,198

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,748	$79,599	-1.0%
Expenses	$33,198	$99,074	-0.7%
Net Income	$-30,450	$-19,475	+0.6%

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

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
WILTON BENNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY LORAH HAMMOND	DIRECTOR	0.00	Director	$0	$0	$0
ELAINE TIPTON	TREASURER	0.00	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	$2,748	$33,198	No data	$-30,450
2020	$79,599	$99,074	$1,079,739	$-19,475
2019	$77,690	$96,010	$1,098,213	$-18,320
2018	$22,559	$37,838	$1,116,533	$-15,279