Asset Building Network Inc (EIN 760693640) - 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

1999

Legal Domicile

Principal Officer

Glory Udoh

Phone

7137763925

Tax Period

2020-01-01 to 2020-12-31

Asset Building Network Inc, founded in 1999, is a small nonprofit in the Human Services sector that reported $290K in total revenue in fiscal year 2020. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 43% operating deficit.

Mission

Build and restore individuals and families to achieve self-sufficiency through the provision of Case Management Services, Supportive Housing, Employment, Money Management

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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 (2020)

Revenue Breakdown

Contributions & Grants $246,471

Program Service Revenue $43,633

Investment Income $0

Other Revenue $0

TOTAL REVENUE $290,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,974

Fundraising Expenses $0

Program Expenses $383,166

Other Expenses $143,346

TOTAL EXPENSES $415,320

Year-over-Year Comparison

	2020	2019	Change
Revenue	$290,104	$589,683	-0.5%
Expenses	$415,320	$561,152	-0.3%
Net Income	$-125,216	$28,531	-5.4%

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

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

$96,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Hogan	Board Chairman	1.00	Director	$0	$0	$0
Enobong Udofia	Board Secretary	1.00	Director	$0	$0	$0
Glory Udoh M ED	Exec Dir	40.00	Officer	$96,500	$0	$96,500
Robert Jackson	Member	1.00	Director	$0	$0	$0
Chris Hudson	Board Chairman Emeritus	1.00	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
2020	$290,104	$415,320	$36,694	$-125,216
2019	$589,683	$561,152	No data	$28,531
2018	$322,006	$377,772	$34,324	$-55,766

Asset Building Network Inc