UPSTATE MINORITY ECONOMIC ALLIANCE INC

EIN: 811046358 Community Improvement

SYRACUSE, NY

Total Revenue
$87,190
Total Expenses
$195,521
Total Assets
$73,003
Net Assets
$-8,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
SHEENA SOLOMON
Phone
3154701975
Tax Period
2024-01-01 to 2024-12-31

UPSTATE MINORITY ECONOMIC ALLIANCE INC, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $87K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 124% operating deficit.

Mission

OUR MISSION IS TO ESTABLISH A SMALL, COOPERATIVE COMMUNITY IN UPSTATE & CENTRAL NEW YORK WHERE THE MOST DRIVEN INDIVIDUALS CAN NETWORK, ACQUIRE AND SHARE PRICELESS TALENTS, AND DEVELOP BOTH PERSONALLY AND PROFESSIONALLY. AS A RESULT, WE AIM TO CONTRIBUTE TO THE ENORMOUS UNREALIZED POTENTIAL OF OUR REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $72,534
Program Service Revenue $25,477
Investment Income $0
Other Revenue $-10,821
TOTAL REVENUE $87,190

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,726
Fundraising Expenses $0
Other Expenses $83,795
TOTAL EXPENSES $195,521

Year-over-Year Comparison

2024 2023 Change
Revenue $87,190 $198,924 -0.6%
Expenses $195,521 $203,796 0.0%
Net Income $-108,331 $-4,872 +21.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
13

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
6
$73,724
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JALYN CLIFFORD DIRECTOR/SECRETARY THRU JUNE 2024 1.00
Officer Director
$0 $0 $0
BISHOP RONALD DEWBERRY DIRECTOR THRU JUNE 2024 1.00
Director
$0 $0 $0
SHEENA SOLOMON PRESIDENT 1.00
Officer Director
$0 $0 $0
HASAN STEPHENS DIRECTOR THRU JUNE 2024 1.00
Director
$0 $0 $0
NATASHA M NEWBURY TREASURER 1.00
Officer Director
$0 $0 $0
LAURA CUEVA DIRECTOR THRU MARCH 2024 1.00
Director
$0 $0 $0
WINDELL GRAY DIRECTOR 1.00
Director
$0 $0 $0
DR EMAD RAHIM DIRECTOR 1.00
Director
$0 $0 $0
LAIZA SEMIDEY DIRECTOR/ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TAI SHAW DIRECTOR THRU DEC 2024 1.00
Director
$0 $0 $0
TAMIKA OTIS DIRECTOR 1.00
Director
$0 $0 $0
MELODY SMITH-JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ME'SHAE BROOKS-ROLLING EXECUTIVE DIRECTOR THRU JULY 2024 40.00
Officer
$55,005 $2,750 $57,755
JAMAR CLARKE EXECUTIVE DIRECTOR 40.00
Officer
$15,969 $0 $15,969
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 $87,190 $195,521 $73,003 $-108,331
2023 $198,924 $203,796 $134,321 $-4,872
2022 $230,518 $214,361 $185,648 $16,157
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