GREATER ENGLEWOOD COMMUNITY DEV CORP (EIN 770627605) - 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

2004

Legal Domicile

Principal Officer

KIMBERLY JONES

Phone

7736512400

Tax Period

2024-01-01 to 2024-12-31

GREATER ENGLEWOOD COMMUNITY DEV CORP, founded in 2004, is a small nonprofit that reported $429K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $827K exceeded revenue, resulting in a 93% operating deficit.

Mission

GECDCs mission to rebrand, rebuild, revitalize Greater Englewood and beyond, through Entrepreneurship, Employment and Economic Empowerment by collaborating with community, partners and key stake holders.

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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 $274,291

Program Service Revenue $146,984

Investment Income $0

Other Revenue $7,942

TOTAL REVENUE $429,217

Expense Breakdown

Grants Paid $262,750

Salaries & Benefits $345,736

Fundraising Expenses $0

Program Expenses $496,858

Other Expenses $218,028

TOTAL EXPENSES $826,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,217	$1,091,533	-0.6%
Expenses	$826,514	$779,608	+0.1%
Net Income	$-397,297	$311,925	-2.3%

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

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
JOHN GHOLAR	CHAIRMAN	000.25	Officer Director	$0	$0	$0
RONALD NEAL	TREASURER	000.25	Officer Director	$0	$0	$0
KEVIN LITTLE	SECRETARY	000.25	Officer Director	$0	$0	$0
SHAWN MCGEE	DIRECTOR	000.25	Director	$0	$0	$0
DERRICK WARREN	EXECUTIVE DIRECTOR	040.00	Officer	$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	$429,217	$826,514	$465,621	$-397,297
2023	$1,091,533	$779,608	$964,983	$311,925
2022	$433,881	$569,085	$538,628	$-135,204
2021	$580,192	$586,052	$686,505	$-5,860
2020	$726,435	$613,969	$721,051	$112,466
2019	$508,306	$507,650	$558,292	$656
2018	$503,880	$468,183	$557,104	$35,697

GREATER ENGLEWOOD COMMUNITY DEV CORP