ERASE RACISM INC (EIN 651218069) - 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

2003

Legal Domicile

Principal Officer

ELAINE GROSS

Phone

5169214863

Tax Period

2024-01-01 to 2024-12-31

ERASE RACISM INC, founded in 2003, is a small nonprofit in the Civil Rights & Advocacy sector that reported $651K in total revenue in fiscal year 2024. Expenses of $934K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO EXPOSE FORMS OF RACIAL DISCRIMINATION, ADVOCATE FOR LAWS AND POLICIES THAT ELIMINATE RACIAL DISPARITIES, INCREASE UNDERSTANDING OF HOW STRUCTURAL RACISM AND SEGREGATION IMPACT OUR COMMUNITIES AND REGION, AND ENGAGE THE PUBLIC IN FOSTERING EQUITY AND INCLUSION.

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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 $605,356

Program Service Revenue $45,483

Investment Income $224

Other Revenue $0

TOTAL REVENUE $651,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $474,719

Fundraising Expenses $128,639

Program Expenses $682,559

Other Expenses $459,439

TOTAL EXPENSES $934,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$651,063	$657,388	0.0%
Expenses	$934,158	$833,464	+0.1%
Net Income	$-283,095	$-176,076	+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

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

$335,319

Total Directors

$188,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG WOLFSON	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
FREDERICK K BREWINGTON	BOARD MEMBER	2.00	Director	$0	$0	$0
PROF HOWARD A GLICKSTEIN	BOARD MEMBER	4.00	Director	$0	$0	$0
CHRISTINA VARGAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD PICHARDO	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DR LORNA E LEWIS	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
KALPANA BHANDARKAR	CO-CHAIR	10.00	Officer Director	$0	$0	$0
LAURA HARDING	PRESIDENT	10.00	Officer Director	$160,990	$27,048	$188,038
ELAINE GROSS	PRESIDENT EMERITA	1.00	Director	$0	$0	$0
DIA BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN FURST	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGE ROGATZ	SECRETARY	6.00	Officer Director	$0	$0	$0
ROBERTA SCHRODER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTIN SCHWARTZ	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL TONNA	BOARD MEMBER	1.00	Director	$0	$0	$0
WILMA TOOTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERLEY CHERENFANT	CONTROLLER	35.00	Officer	$114,931	$32,350	$147,281

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	$651,063	$934,158	$228,795	$-283,095
2023	$657,388	$833,464	$425,622	$-176,076
2022	$448,369	$673,516	$568,051	$-225,147
2021	$763,703	$657,333	$751,208	$106,370
2020	$838,675	$626,552	$682,569	$212,123
2019	$692,070	$703,133	$289,914	$-11,063
2018	$628,373	$717,847	$284,472	$-89,474

ERASE RACISM INC