Piedmont Business Capital (EIN 561872877) - 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

1993

Legal Domicile

Principal Officer

Michael McKinney

Phone

3362569350

Tax Period

2024-01-01 to 2024-12-31

Piedmont Business Capital, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $446K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 134% operating deficit.

Mission

To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved business

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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 $316,750

Program Service Revenue $563

Investment Income $128,803

Other Revenue $0

TOTAL REVENUE $446,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $439,463

Fundraising Expenses $0

Program Expenses $30,353

Other Expenses $603,201

TOTAL EXPENSES $1,042,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$446,116	$2,396,117	-0.8%
Expenses	$1,042,664	$784,881	+0.3%
Net Income	$-596,548	$1,611,236	-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

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

$132,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael McKinney	Executive Director CEO	40.00	Officer	$132,440	$0	$132,440
Karl Robinson	Chairman	0.00	Officer	$0	$0	$0
Erestine Guidry	Vice Chairman	0.00	Officer	$0	$0	$0
Reginald McCaskill	Board Member	0.00	Officer	$0	$0	$0
Taiwo Jaiyeoba	Board Member	0.00	Officer	$0	$0	$0
Cathy Knowles	Secretary	0.00	Officer	$0	$0	$0
Carlvena Foster	Board Member	0.00	Officer	$0	$0	$0
Jose Sandoval	Treasurer	0.00	Officer	$0	$0	$0
Mitch Gibson	Board Member	0.00	Officer	$0	$0	$0
David Lane	Board Member	0.00	Officer	$0	$0	$0
Larry Davis	Board Member	0.00	Officer	$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	$446,116	$1,042,664	$2,776,686	$-596,548
2023	$2,396,117	$784,881	$4,469,257	$1,611,236
2022	$3,154,236	$759,769	$5,820,535	$2,394,467
2021	$1,839,047	$757,997	$3,626,382	$1,081,050
2020	$1,376,415	$700,275	$2,859,898	$676,140
2019	$736,835	$474,930	$1,096,941	$261,905

Piedmont Business Capital