FLAGSHIP ENTERPRISE CAPITAL INC (EIN 813693405) - 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

2016

Legal Domicile

Principal Officer

ADAM HOEKSEMA

Phone

7656220800

Tax Period

2024-06-01 to 2025-05-31

FLAGSHIP ENTERPRISE CAPITAL INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $753K in total revenue in fiscal year 2024. The organization ran a surplus of $374K, a strong 50% operating margin.

Mission

A MISSION DRIVEN FINANCIAL INSTITUTION THAT HELPS PROVIDE FINANCIAL SERVICES TO MEET THE NEEDS OF ECONOMICALLY DISADVANTAGED BUSINESSES AND INDIVIDUALS IN UNDERSERVED COMMUNITIES.

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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 $611,136

Program Service Revenue $9,364

Investment Income $132,407

Other Revenue $0

TOTAL REVENUE $752,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,792

Fundraising Expenses $0

Program Expenses $304,472

Other Expenses $326,364

TOTAL EXPENSES $379,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$752,907	$767,074	0.0%
Expenses	$379,156	$475,903	-0.2%
Net Income	$373,751	$291,171	+0.3%

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

$9,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA ALDER	CHAIRMAN	1.50	Officer Director	$0	$0	$0
WILLIAM BIRDSONG	DIRECTOR	0.50	Director	$0	$0	$0
ANNETTE PHILLIPS	DIRECTOR	0.50	Director	$0	$0	$0
MATHEW FOLEY	DIRECTOR	0.50	Director	$0	$0	$0
JADIRA HOPTRY	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE ROLAND	DIRECTOR	0.50	Director	$0	$0	$0
ADAM HOEKSEMA	CEO	0.00	Officer	$0	$0	$0
JESSIE REYNOLDS	EXECUTIVE DIRECTOR	40.00	Officer	$9,382	$0	$9,382

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	$752,907	$379,156	$2,146,263	$373,751
2024	$767,074	$475,903	$1,931,090	$291,171
2023	$440,616	$360,424	$1,640,945	$80,192
2022	$739,498	$288,971	$1,621,789	$450,527
2021	$444,245	$190,480	$1,325,147	$253,765
2020	$265,207	$64,972	$735,678	$200,235
2019	$191,562	$42,027	$539,461	$149,535

FLAGSHIP ENTERPRISE CAPITAL INC