East Point Community and Economic Development Corporation Inc (EIN 474258760) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Michael Spann

Phone

4047680078

Tax Period

2023-10-01 to 2024-09-30

East Point Community and Economic Development Corporation Inc, founded in 2015, is a micro nonprofit in the Employment sector that reported $68K in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $87K exceeded revenue, resulting in a 27% operating deficit.

Mission

The East Point Community and Economic Development Corporation was formed for the purpose of enhancing the lives of east point residents through community-based problem solving and neighborhood-oriented strategies that promote self-reliance and self-sufficiency.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $55,000

Program Service Revenue $13,480

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,143

Fundraising Expenses $0

Program Expenses $64,617

Other Expenses $64,617

TOTAL EXPENSES $86,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,480	$37,675	+0.8%
Expenses	$86,760	$73,761	+0.2%
Net Income	$-18,280	$-36,086	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Dr Colbert Lovett	Chairman	1.00	Officer Director	$0	$0	$0
Michael Spann	President	1.00	Officer 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	$68,480	$86,760	$497,627	$-18,280
2023	$37,675	$73,761	$515,881	$-36,086
2022	$76,083	$125,637	$551,967	$-49,554

East Point Community and Economic Development Corporation Inc