MBL Foundation Inc (EIN 770698911) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Floyd Miller II

Phone

8046497473

Tax Period

2022-07-01 to 2023-06-30

MBL Foundation Inc, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $264K in total revenue in fiscal year 2017. The organization ran a surplus of $63K, a strong 24% operating margin.

Mission

MBL Foundation, Inc. is the backbone for the development, support, and advancement of small, minority and women-owned businesses in the Richmond & Tri-cities areas.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $846,857

Program Service Revenue $115,334

Investment Income $6,643

Other Revenue $389

TOTAL REVENUE $969,223

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $39,446

Program Expenses $308,638

Other Expenses $373,663

TOTAL EXPENSES $376,163

Year-over-Year Comparison

	2022	2021	Change
Revenue	$969,223	$1,458,044	-0.3%
Expenses	$376,163	$707,031	-0.5%
Net Income	$593,060	$751,013	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scottessa Hurte	Board Chair	40.00	Officer Director	$0	$0	$0
Nickkol Lewis	Vice Chair	1.50	Officer Director	$0	$0	$0
Chris Layne	Treasurer	1.50	Officer Director	$0	$0	$0
David LeFebvre	Secretary	1.50	Officer Director	$0	$0	$0
Brittany Rawlinson	Vice Secretary	1.50	Director	$0	$0	$0
Gagan Marwaha	Director	1.50	Director	$0	$0	$0
Sharon Dabney-Wooldridge	Director	1.50	Director	$0	$0	$0
Connie Hom	Director	1.50	Director	$0	$0	$0
Jeff Conley	Director	1.50	Director	$0	$0	$0
William Carter	Director	1.50	Director	$0	$0	$0
Greg Hofbauer	Director	1.50	Director	$0	$0	$0
Kevin Kenny	Director	1.50	Director	$0	$0	$0
Floyd E Miller	President	40.00	Director Key Emp	$0	$0	$0
Tanya Battle	Director	1.50	Director	$0	$0	$0
Kathryn Dolan	Director	1.50	Director	$0	$0	$0
Patrick McFadden	Director	1.50	Director	$0	$0	$0
Lisa Speller	Director	1.50	Director	$0	$0	$0
Mac Livingston	Director	1.50	Director	$0	$0	$0
Wendy Burchard	Director	1.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$969,223	$376,163	$1,000,747	$593,060
2022	$1,458,044	$707,031	$1,204,782	$751,013
2021	$1,400,528	$585,732	$829,862	$814,796
2020	$586,816	$181,036	$310,376	$405,780
2019	$319,433	$120,241	$65,809	$199,192
2018	$263,881	$201,293	$14,130	$62,588

MBL Foundation Inc