CEC FOUNDATION (EIN 813895701) - 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

CYNTHIA EMMANUELS

Phone

8023302814

Tax Period

2023-01-01 to 2023-12-31

CEC FOUNDATION, founded in 2016, is a small nonprofit in the Religion sector that reported $575K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $3.1M represent 64 months of operating reserves.

Mission

BRINGING MESSAGE OF HOPE, COMFORT AND ENCOURAGEMENT TO PEOPLE THROUGH SHARING OF THE GOSPEL OF CHRIST AND CHARITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $574,291

Program Service Revenue $0

Investment Income $417

Other Revenue $0

TOTAL REVENUE $574,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $619,820

Other Expenses $619,820

TOTAL EXPENSES $619,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$574,708	$944,562	-0.4%
Expenses	$619,820	$590,943	+0.0%
Net Income	$-45,112	$353,619	-1.1%

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

N/A

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
ELIZABETH O OKPOMOR	DIRECTOR	20	Director	$0	$0	$0
CYNTHIA NNEKA EMMANUELS	DIRECTOR	20	Director	$0	$0	$0
CHIDI EMMANUEL EZIMAKO	DIRECTOR	20	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
2024	No data	No data	No data	No data
2023	$574,708	$619,820	$3,071,450	$-45,112
2022	$944,562	$590,943	$3,116,562	$353,619
2021	$1,378,709	$1,225,475	$2,762,943	$153,234
2020	$1,351,468	$139,249	$1,647,024	$1,212,219
2019	$528,304	$755,931	$434,805	$-227,627
2018	$1,037,392	$1,416,018	$655,903	$-378,626

CEC FOUNDATION