THE ENRICHMENT CENTER AN AFFILIATE… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

AMY STEVENS

Phone

3367770076

Tax Period

2023-07-01 to 2024-06-30

THE ENRICHMENT CENTER AN AFFILIATED CHAPTER OF THE ARC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

TO PROVIDE SERVICES THAT ASSIST INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN BECOMING AS INDEPENDENT AND SELF-SUFFICIENT AS POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $1,942,232 Revenue: $2,582,302

THE ENRICHMENT CENTER PROVIDES A WIDE RANGE OF SERVICES THAT HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO BECOME MORE INDEPENDENT AND SELF-SUFFICIENT. THEIR PROGRAMS ARE DESIGNED TO EMPOWER...

THE ENRICHMENT CENTER PROVIDES A WIDE RANGE OF SERVICES THAT HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO BECOME MORE INDEPENDENT AND SELF-SUFFICIENT. THEIR PROGRAMS ARE DESIGNED TO EMPOWER AND SUPPORT THESE INDIVIDUALS IN THEIR DAILY LIVING, VOCATIONAL AND INDEPENDENT LIVING SKILLS TRAINING. THROUGH THEIR ARTS-BASED FOCUS, THEY EVEN OFFER OPPORTUNITIES TO EARN INCOME THROUGH THE SALE OF ARTWORK AND PERFORMANCES. THE ENRICHMENT CENTER ALSO EMPHASIZES COMMUNITY INCLUSION, WHICH INCLUDES PERFORMANCES OPEN TO THE PUBLIC, JOBS, VOLUNTEER WORK, AND VARIOUS COMMUNITY EXHIBITS. ADDITIONALLY, THEY PROVIDE ONE-ON-ONE SUPPORT SERVICES THAT ARE TAILORED TO MEET INDIVIDUAL GOALS SET FORTH IN THEIR SERVICE PLANS. WHETHER ENGAGING IN THE PROGRAM OR GOING INTO THE COMMUNITY, THE ENRICHMENT CENTER IS COMMITTED TO HELPING INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES ACHIEVE THEIR GOALS AND LIVE THEIR BEST LIVES. DURING THE 2023-2024 FISCAL YEAR, WE EXPERIENCED STABILITY IN OPERATIONS. NATIONWIDE STAFFING ISSUE WAS A MAIN FACTOR THAT IMPACTED THE PROGRAM. THE ORGANIZATION WAS ABLE TO BENEFIT FROM THE FEDERAL EMPLOYEE RETENTION TAX CREDIT THAT WAS RECEIVED BY TEC IN 2024. THIS PUT TEC OVER THE ANTICIPATED REVENUE OF YEAR'S PAST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,421,288

Program Service Revenue $2,582,302

Investment Income $83,476

Other Revenue $148,244

TOTAL REVENUE $4,235,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,079,840

Fundraising Expenses $117,922

Program Expenses $1,942,232

Other Expenses $913,992

TOTAL EXPENSES $2,993,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,235,310	$2,784,745	+0.5%
Expenses	$2,993,832	$2,829,874	+0.1%
Net Income	$1,241,478	$-45,129	-28.5%

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

102

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

$137,447

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY STEVENS	EXECUTIVE DI	40.00	Officer	$133,436	$4,011	$137,447
JESSICA BROWN	DIRECTOR	0.01	Director	$0	$0	$0
ELLEN GREGG	DIRECTOR	0.19	Director	$0	$0	$0
JOHN ZAKON	DIRECTOR	0.06	Director	$0	$0	$0
COURTNEY HONEYCUTT	DIRECTOR	0.23	Director	$0	$0	$0
LATASHA BARR-LEWIS	DIRECTOR	0.08	Director	$0	$0	$0
ERIKA MIELKE	DIRECTOR	0.15	Director	$0	$0	$0
DR SEN SANCHALA	DIRECTOR	0.23	Director	$0	$0	$0
DR CHARLES RICE	DIRECTOR	2.12	Director	$0	$0	$0
CINDY SCHROEDER	DIRECTOR	0.42	Director	$0	$0	$0
BRENT STEPHENS	DIRECTOR	0.23	Director	$0	$0	$0
NANCY YOUNG	PRESIDENT	0.58	Officer Director	$0	$0	$0
CARRIE LOFTIN	VICE PRESIDE	0.42	Officer Director	$0	$0	$0
JOE ALDRIDGE	TREASURER	0.48	Officer Director	$0	$0	$0
LAURIE SMITH	PAST PRESIDE	0.44	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
2025	No data	No data	No data	No data
2024	$4,235,310	$2,993,832	$6,225,372	$1,241,478
2023	$2,784,745	$2,829,874	$4,871,603	$-45,129
2022	$2,664,027	$2,507,238	$4,832,998	$156,789
2021	$2,800,475	$2,225,334	$4,709,091	$575,141

THE ENRICHMENT CENTER AN AFFILIATED CHAPTER OF THE ARC