EXECUTIVE CENTER FOR ECONOMIC & ED… - 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

Phone

2522278098

Tax Period

2021-01-01 to 2021-12-31

EXECUTIVE CENTER FOR ECONOMIC & EDUCATIONAL DEVELOPMENT INC, founded in 2001, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2021. Expenses of $395K exceeded revenue, resulting in a 70% operating deficit.

Mission

to heop improve the economic and special conditions in underserved limited resource communities in the 10 persistent poverty counties in eastern north Carolina by increasing home ownership foster entrepreneurship activiites and eliminating food insecurity.

Program Service Accomplishments

Program 1

Expenses: $202,980 Revenue: $9,593

PROGRAM: food box express community agriculture csa serving over 38,000 snap and low-income participants food boxes are delivered directly to the clients. mid-east senior food box program fees paid.

Program 2

Expenses: $11,569 Revenue: $0

PROGRAM: access connect mobile farmers market operations 5 months per year during the growing season serving the food deserts. the adverage daily participantion is 75 customers.

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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 (2021)

Revenue Breakdown

Contributions & Grants $44,188

Program Service Revenue $188,784

Investment Income $0

Other Revenue $0

TOTAL REVENUE $232,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,564

Other Expenses $395,104

TOTAL EXPENSES $395,104

Year-over-Year Comparison

	2021	2020	Change
Revenue	$232,972	N/A	N/A
Expenses	$395,104	N/A	N/A
Net Income	$-162,132	$0	N/A

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

N/A

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

$38,599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	executive director	40.00	Director	$38,599	$0	$38,599
N/A	chairman	4.00	Director	$0	$0	$0
N/A	secretary treasurer	6.00	Director	$0	$0	$0
N/A	member	4.00	Director	$0	$0	$0
N/A	member	4.00	Director	$0	$0	$0
N/A	member	4.00	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
2021	$232,972	$395,104	$148,556	$-162,132

EXECUTIVE CENTER FOR ECONOMIC & EDUCATIONAL DEVELOPMENT INC