ECONOMIC OPPORTUNITY FOUNDATION INC (EIN 486120518) - 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

1965

Legal Domicile

Principal Officer

RITA D ADAMS

Phone

9133717800

Tax Period

2024-04-01 to 2025-03-31

ECONOMIC OPPORTUNITY FOUNDATION INC, founded in 1965, is a small nonprofit in the Human Services sector that reported $520K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $594K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ECONOMIC OPPORTUNITY FOUNDATION IS A NON-FOR-PROFIT COMMUNITY ACTION AGENCY WHOSE MISSION IS TO MOBILIZE NECESSARY RESOURCES TO ADDRESS THE CAUSES AND CONDITIONS OF POVERTY IN WYANDOTTE COUNTY TO ASSIST LOW-INCOME RESIDENTS IN MOVING TOWARDS SELF-SUFFICIENCY.

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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 $519,442

Program Service Revenue $0

Investment Income $132

Other Revenue $0

TOTAL REVENUE $519,574

Expense Breakdown

Grants Paid $166,501

Salaries & Benefits $285,500

Fundraising Expenses $17,429

Program Expenses $489,869

Other Expenses $142,035

TOTAL EXPENSES $594,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,574	$650,221	-0.2%
Expenses	$594,036	$653,144	-0.1%
Net Income	$-74,462	$-2,923	+24.5%

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

$80,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MABION	BOARD PRESIDENT	4.00	Director	$0	$0	$0
SCOTT MACKEY	BOARD TREASURER	1.00	Director	$0	$0	$0
ONDRA PENN	BOARD SECRETARY	1.00	Director	$0	$0	$0
DENISE AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
HENRY HANK CHAMBERLAIN	TRUSTEE	1.00	Director	$0	$0	$0
SENATOR DAVID HAYLEY	TRUSTEE	1.00	Director	$0	$0	$0
CHANELLE MCKINLEY	TRUSTEE	1.00	Director	$0	$0	$0
JACQUES BARBER	VICE PRESIDENT	1.00	Director	$0	$0	$0
CHARLANN CRISS	TRUSTEE	1.00	Director	$0	$0	$0
RITA D ADAMS	EXECUTIVE DIRECTOR	40.00	Officer	$80,456	$0	$80,456

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	$519,574	$594,036	$319,730	$-74,462
2024	$650,221	$653,144	$353,347	$-2,923
2023	$930,580	$763,246	$367,147	$167,334
2022	$864,482	$823,843	$208,373	$40,639
2021	$747,633	$765,465	$229,403	$-17,832
2020	$527,485	$534,822	$136,450	$-7,337
2019	$476,395	$465,500	$141,554	$10,895

ECONOMIC OPPORTUNITY FOUNDATION INC