Economic Empowerment Trust Fund

EIN: 383865038 501(c)(3) Human Services

Boston, MA

Total Revenue
$710,743
Total Expenses
$699,937
Total Assets
$1,074,749
Net Assets
$1,074,749
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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
2011
Legal Domicile
MA
Tax Period
2023-07-01 to 2024-06-30

Economic Empowerment Trust Fund, founded in 2011, is a small nonprofit in the Human Services sector that reported $711K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

Charitable, Literary & Educational

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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 $710,000
Program Service Revenue $0
Investment Income $743
Other Revenue $0
TOTAL REVENUE $710,743

Expense Breakdown

Grants Paid $531,140
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $678,623
Other Expenses $168,797
TOTAL EXPENSES $699,937

Year-over-Year Comparison

2023 2022 Change
Revenue $710,743 $915,462 -0.2%
Expenses $699,937 $73,292 +8.5%
Net Income $10,806 $842,170 -1.0%
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
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Various See Attached Board Directors 0.00
Director
$0 $0 $0
Deborah B Goldberg Treasurer and Receiver-Genera 0.00
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
2025 No data No data No data No data
2024 $710,743 $699,937 $1,074,749 $10,806
2023 $915,462 $73,292 $1,063,943 $842,170
2021 $350,310 $485,444 $140,758 $-135,134
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