Dallas Fort Worth Minority Supplier Development Council Inc

EIN: 751522447 501(c)(3)

Dallas, TX

Total Revenue
$2,332,793
Total Expenses
$2,444,125
Total Assets
$2,178,892
Net Assets
$1,356,913
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
TX
Principal Officer
Margo J Posey J POSEY
Phone
2146300747
Tax Period
2023-01-01 to 2023-12-31

Dallas Fort Worth Minority Supplier Development Council Inc, founded in 1973, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

The mission of the Dallas/Fort Worth Minority Supplier Development Council is to encourage and facilitate procurement and business opportunities between Buying-Entities corporations and public sector agencies and certified Minority Business Enterprises MBEs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,303,327
Program Service Revenue $0
Investment Income $19,482
Other Revenue $1,009,984
TOTAL REVENUE $2,332,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $987,899
Fundraising Expenses $159,764
Program Expenses $2,149,790
Other Expenses $1,456,226
TOTAL EXPENSES $2,444,125

Year-over-Year Comparison

2023 2022 Change
Revenue $2,332,793 $2,853,363 -0.2%
Expenses $2,444,125 $2,597,625 -0.1%
Net Income $-111,332 $255,738 -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

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
8
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
11
$210,510
Total Directors
24
$210,510
Key Employees
3
$376,097
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Margo J Posey President 060.00
Officer Director Key Emp Highest
$210,510 $0 $210,510
Andrew D Nash Director of Operations 045.00
Key Emp
$114,627 $0 $114,627
Edwin Cruz Certification Manager 040.00
Key Emp
$50,960 $0 $50,960
Pamela Nelson Director/Local MBEIC 003.00
Officer Director
$0 $0 $0
Bruce D Collins Chairperson 001.00
Officer Director
$0 $0 $0
Don McKneely Director/Historian 002.00
Officer Director
$0 $0 $0
Evelyn Molina Director 004.00
Director
$0 $0 $0
Brandon Rakestraw Director/Treasurer 005.00
Officer Director
$0 $0 $0
Terri Quinton Director/National MBEIC Chair Emeritus 005.00
Officer Director
$0 $0 $0
BonnieCclinton Chair Emeritus 005.00
Officer Director
$0 $0 $0
Rob Simpson Director/2nd Vice Chair 005.00
Officer Director
$0 $0 $0
Monica Menzel Treasurer 005.00
Officer Director
$0 $0 $0
Heather Herndon Wright Director 001.00
Director
$0 $0 $0
Tony Marino Director 005.00
Officer Director
$0 $0 $0
Monica Schoenemann Director 001.00
Director
$0 $0 $0
Jeni Rajbhandari Director/1st Vice Chair 005.00
Officer Director
$0 $0 $0
Rachel Kutz Director 001.00
Director
$0 $0 $0
Greg Cody Director 001.00
Director
$0 $0 $0
Yareli Esteban Director 001.00
Director
$0 $0 $0
Milton Quinn Director 001.00
Director
$0 $0 $0
Kallie Malmgren Director 001.00
Director
$0 $0 $0
Jason Lynch Director 001.00
Director
$0 $0 $0
Ashley Duffie Director 001.00
Director
$0 $0 $0
Pamela Bryant Secretary 004.00
Director
$0 $0 $0
Reena Batra Director 001.00
Director
$0 $0 $0
Shelly Lomonaco Director 001.00
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
2024 No data No data No data No data
2023 $2,332,793 $2,444,125 $2,178,892 $-111,332
2022 $2,853,363 $2,597,625 $2,291,747 $255,738
2021 $2,035,236 $1,979,996 $2,296,676 $55,240
2020 $1,867,439 $1,737,719 $2,008,534 $129,720
2019 $1,909,224 $1,949,609 $1,579,060 $-40,385
2018 $1,813,627 $1,661,715 $1,453,036 $151,912
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