ECONOMIC OPPORTUNITY FOUNDATION 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

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.

Program Service Accomplishments

Program 1

Expenses: $489,869

DIRECT CUSTOMER SERVICES - EOF RECEIVES DIRECT FUNDING PRIMARILY FROM THE FEDERAL COMMUNITY SERVICES BLOCK GRANT (CSBG FUNDS PASSED THROUGH THE STATE) TO PROVIDE DIRECT SERVICES TO ELIGIBLE...

DIRECT CUSTOMER SERVICES - EOF RECEIVES DIRECT FUNDING PRIMARILY FROM THE FEDERAL COMMUNITY SERVICES BLOCK GRANT (CSBG FUNDS PASSED THROUGH THE STATE) TO PROVIDE DIRECT SERVICES TO ELIGIBLE LOW-INCOME CUSTOMERS. SERVICES PROVIDED DURING THE AGENCY'S FISCAL YEAR ENDING MARCH 31, 2025 INCLUDED: 1) EMERGENCY ASSISTANCE - WHICH HELPS FAMILIES OBTAIN NEEDED SUPPORTS, SUCH AS UTILITY AND RENT ASSISTANCE AND MORTGAGE DEFAULT COUNSELING/DIRECT ASSISTANCE TO ADDRESS EMERGENCY SITUATIONS. 2) EMPLOYMENT SERVICES AND SUPPORTS WHICH HELPS UNEMPLOYED INDIVIDUALS WITH JOB PREPARATION AND PLACEMENT ASSISTANCE AS WELL AS EMPLOYMENT SUPORTS SUCH AS ASSISTANCE WITH TRANSPORTATION NEEDS, WORK TOOLS, UNIFORMS, WORK BOOTS, 3) CASE MANAGEMENT SERVICES - WHICH HELPS LOW- INCOME INDIVIDUALS AND/OR FAMILIES WORK ON ECONOMIC SELF-SUFFICIENCY AND GOAL ACHIEVEMENT, 4) SENIOR COMMODITY DISTRIBUTION - WHICH PROVIDES FOOD FROM THE SEVEN FOOD GROUPS TO ELDERLY AND DISABLED INDIVIDUALS, AND 5) HOUSING SERVICES - WHICH HELPS LOW-INCOME INDIVIDUALS ADDRESS CURRENT HOMELESSNESS OR HELPS THOSE AT RISK OF BECOMING HOMELESS. DURING THE 2024 FISCAL YEAR ENDING MARCH 31, 2025 - EOF SERVED FOUR AND HUNDRED FIFTY-THREE INDIVIDUALS.

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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