SIXTH ECONOMIC EMPOWERMENT DEVELOPMENT INC (EIN 562473756) - 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

2016

Legal Domicile

Principal Officer

GLENN WILLIAMS

Phone

4124508081

Tax Period

2022-01-01 to 2022-12-31

SIXTH ECONOMIC EMPOWERMENT DEVELOPMENT INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $470K in total revenue in fiscal year 2022. Expenses of $423K left a modest 10% surplus.

Mission

SEEDS MISSION IS TO ASSIST WITH HOUSING FOR LOW INCOME RENTERS AND TURN THEM INTO POTENTIAL HOMEOWNERS BY TEACHING THE VALUE OF HOMEOWNERSHIP AND COMMUNITY RESPONSIBILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,200

Program Service Revenue $460,890

Investment Income $269

Other Revenue $7,919

TOTAL REVENUE $470,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $423,478

Other Expenses $423,478

TOTAL EXPENSES $423,478

Year-over-Year Comparison

	2022	2021	Change
Revenue	$470,278	$484,186	0.0%
Expenses	$423,478	$354,420	+0.2%
Net Income	$46,800	$129,766	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVIA BENNETT	BOARD MEMBER	2.00	Director	$0	$0	$0
ROY ELDER	BOARD MEMBER	2.00	Director	$0	$0	$0
ARTHUR HARRIS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MONIQUE MCINTOSH	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA MUNGIN-PAIGE	BOARD MEMBER	2.00	Director	$0	$0	$0
BEVERLY RALSTON	SECRETARY	2.00	Officer Director	$0	$0	$0
DR CHRISTINE WHITE TAYLOR	TREASURER	2.00	Officer Director	$0	$0	$0
DELBERT TYLER	BOARD MEMBER	2.00	Director	$0	$0	$0
GLENN WILLIAMS	PRESIDENT	2.00	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
2022	$470,278	$423,478	$2,626,821	$46,800
2021	$484,186	$354,420	$2,638,075	$129,766
2020	$157,304	$280,703	$2,607,501	$-123,399

SIXTH ECONOMIC EMPOWERMENT DEVELOPMENT INC