URBAN CORE COLLECTIVE (EIN 465227869) - 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

2014

Principal Officer

VENEESE CHANDLER

Phone

5863227772

Tax Period

2024-01-01 to 2024-12-31

URBAN CORE COLLECTIVE, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO SUPPORT MEMBER ORGANIZATIONS THAT WORK TO IMPROVE SERVICES TO THE COMMUNITY OF COLOR IN GRAND RAPIDS, MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,199,467

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,199,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,601,728

Other Expenses $1,800,257

TOTAL EXPENSES $1,800,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,199,467	$2,514,249	-0.5%
Expenses	$1,800,257	$1,165,436	+0.5%
Net Income	$-600,790	$1,348,813	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BROWN	DIRECTOR	1.00	Director	$0	$0	$0
VENEESE CHANDLER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SONJA FORTE	DIRECTOR	1.00	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
2024	$1,199,467	$1,800,257	$1,638,585	$-600,790
2023	$2,514,249	$1,165,436	$2,184,605	$1,348,813
2022	$1,495,600	$1,226,157	$782,746	$269,443
2021	$892,347	$622,344	$555,526	$270,003
2020	$570,907	$623,589	$191,707	$-52,682
2019	$487,409	$453,548	$244,389	$33,861
2018	$493,891	$319,088	$213,219	$174,803

URBAN CORE COLLECTIVE