FOUNDATION FOR EDUCATION & ECONOMIC DEVELOPMENT INC (EIN 570902377) - 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

1988

Legal Domicile

Phone

6013550410

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR EDUCATION & ECONOMIC DEVELOPMENT INC, founded in 1988, is a micro nonprofit in the Public & Societal Benefit sector that reported $3K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $4K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE EDUCATIONAL SEMINARS

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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 $3,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,869

TOTAL EXPENSES $3,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,000	$1,994	+0.5%
Expenses	$3,869	$7,499	-0.5%
Net Income	$-869	$-5,505	-0.8%

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
BARBARA BLACKMON	MEMBER AT LA	N/A	Officer Director	$0	$0	$0
N/A	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
SAMPSON JACKSON II	CHAIRMAN	N/A	Officer Director	$0	$0	$0
EDWARD BLACKMON JR	FOUNDER	N/A	Officer Director	$0	$0	$0
KABIR KARRIEM	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
CARL L MICKENS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ORLANDO PADEN	TREASURER	N/A	Officer Director	$0	$0	$0
WILLIE SIMMONS	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
RUFUS E STRAUGHTER	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ANGELA TURNER-FORD	SECRETARY	N/A	Officer Director	$0	$0	$0
PERCY W WATSON	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
SONYA WILLIAMS-BARNES	BOARD MEMBER	N/A	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
2024	No data	No data	No data	No data
2023	$3,000	$3,869	$51,286	$-869
2022	$1,994	$7,499	$52,155	$-5,505
2021	$6,500	$13,401	$57,660	$-6,901
2020	$81,400	$49,499	$64,561	$31,901
2019	$104,315	$110,207	$32,660	$-5,892

FOUNDATION FOR EDUCATION & ECONOMIC DEVELOPMENT INC