SMALL BUSINESS EMPOWERMENT CENTER

EIN: 800563561 501(c)(3) Community Improvement

Saint Louis, MO

Total Revenue
$3,228,294
Total Expenses
$3,567,171
Total Assets
$1,622,330
Net Assets
$1,272,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MO
Principal Officer
Kevin Wilson
Phone
3146210816
Tax Period
2025-01-01 to 2025-12-31

SMALL BUSINESS EMPOWERMENT CENTER, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2025. Expenses of $3.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

The Small Business Empowerment Center (SBEC) is uniquely qualified to assist small businesses in the distressed areas of St. Louis County and St. Louis City. For 15 years the SBEC has worked in the Empowerment Zone (EZ) to help residents and entrepreneurs start and grow businesses in the urban core. The EZ was a federally designated distressed area that gave economic development incentives - such as tax credits, loans and bonds to help relieve poverty in certain geographic regions of the country.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,223,745
Program Service Revenue $4,300
Investment Income $24
Other Revenue $225
TOTAL REVENUE $3,228,294

Expense Breakdown

Grants Paid $982,000
Salaries & Benefits $987,628
Fundraising Expenses $0
Program Expenses $3,095,260
Other Expenses $1,597,543
TOTAL EXPENSES $3,567,171

Year-over-Year Comparison

2025 2024 Change
Revenue $3,228,294 $3,153,711 +0.0%
Expenses $3,567,171 $2,282,840 +0.6%
Net Income $-338,877 $870,871 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
11
Volunteers
9

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
4
$247,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Wilson Program Director 40
Officer
$235,000 $12,000 $247,000
Reginald Scott Director 1
Director
$0 $0 $0
Michelle Stuckey Director 1
Director
$0 $0 $0
Denise Phillips Director 1
Director
$0 $0 $0
Craig Higgins Director 1
Director
$0 $0 $0
John Henderson Secretary 1
Director
$0 $0 $0
Cheryl Walker Director 1
Director
$0 $0 $0
Alan Richter Chairman 1
Officer
$0 $0 $0
Mitchell Washington Treasurer 1
Officer
$0 $0 $0
Joe Frank Vice Chairman 1
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
2025 $3,228,294 $3,567,171 $1,622,330 $-338,877
2024 $3,153,711 $2,282,840 $1,659,778 $870,871
2023 $2,537,924 $1,442,437 $1,848,082 $1,095,487
2022 $910,054 $941,106 $720,015 $-31,052
2021 $618,461 $584,644 $676,649 $33,817
2020 $920,365 $523,908 $640,564 $396,457
2019 $337,706 $296,320 $244,596 $41,386
2018 $232,966 $349,529 $202,721 $-116,563
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