ACRES HOME CHAMBER FOR BUSINESS AND ECONOMIC DEVELOPMENT INC (EIN 760439238) - 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

1994

Legal Domicile

Principal Officer

WARREN FITZGERALD MUHAMMA

Phone

8324337916

Tax Period

2023-01-01 to 2023-12-31

ACRES HOME CHAMBER FOR BUSINESS AND ECONOMIC DEVELOPMENT INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $161K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $219K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE MISSION OF OUR ORGANIZATION IS TO SERVE THE COMMUNITY BY PROVIDING BUSINESS DEVELOPMENT THROUGH EDUCATION; ASSIST THE COMMUNITY AND FURTHER ITS GROWTH BY PROMOTING, SUPPORTING, AND ENCOURAGING EDUCATION AND ENTREPRENEURSHIP.

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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 $160,935

Program Service Revenue $29,440

Investment Income $13

Other Revenue $-29,180

TOTAL REVENUE $161,208

Expense Breakdown

Grants Paid $25

Salaries & Benefits $25,836

Fundraising Expenses $0

Program Expenses $143,327

Other Expenses $192,719

TOTAL EXPENSES $218,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,208	$100,447	+0.6%
Expenses	$218,580	$169,261	+0.3%
Net Income	$-57,372	$-68,814	-0.2%

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

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN FITZGERALD MUHAMMAD	CHAIRMAN & CEO	25.00	Officer Director	$24,000	$0	$24,000
PAMELA JONES	BOARD MEMBER	3.00	Director	$0	$0	$0
REVERAND JAMAIL JOHNSON	BOARD MEMBER	3.00	Director	$0	$0	$0
DEMETRIUS WALKER	BOARD MEMBER	3.00	Director	$0	$0	$0
GWENDOLYN KATHY MITCHELL	BOARD MEMBER	3.00	Director	$0	$0	$0
CARVANA CLOUD	BOARD MEMBER	3.00	Director	$0	$0	$0
GEJUAN COLE	BOARD MEMBER	3.00	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
2023	$161,208	$218,580	$903,639	$-57,372
2022	$100,447	$169,261	$949,545	$-68,814
2021	$103,598	$156,461	$1,035,801	$-52,863
2020	$141,984	$127,906	$1,040,963	$14,078
2019	$185,324	$232,629	$1,002,647	$-47,305
2018	$164,600	$203,417	$1,051,318	$-38,817
2017	$158,851	$212,479	$1,075,300	$-53,628

ACRES HOME CHAMBER FOR BUSINESS AND ECONOMIC DEVELOPMENT INC