Expanding Black Business

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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

Mary Houghton

Phone

3125436110

Tax Period

2023-01-01 to 2023-12-31

Expanding Black Business, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 73% operating margin.

Mission

Expanding Black Business NFP is a not-for-profit organization established to document and disseminate best practices in lending to black businesses within network and broadly; with a goal of dramatically increasing lending to black-owned businesses across the nation. The organization is supported primarily by contributions from the public.

Program Service Accomplishments

Program 1

Expenses: $13,749 Revenue: $89,988

In 2022, the Board of the organization met three times to share best practices and funding opportunities for organizations prioritizing lending to Black owned small businesses and invested $8,000,000 in the Black Vision Fund of which $500,000 was equity and $7.5 million was long term unsecured debt. The Black Vision Fund is a debt fund for the CDFIs who are members of the EBBC network that is long term, unsecured and low-cost.

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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 $60,000

Program Service Revenue $0

Investment Income $83,272

Other Revenue $89,988

TOTAL REVENUE $233,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,749

Other Expenses $61,934

TOTAL EXPENSES $61,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,260	$187,892	+0.2%
Expenses	$61,934	$274,416	-0.8%
Net Income	$171,326	$-86,524	-3.0%

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

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
Bill Bynum	Chairman	1.00	Officer Director	$0	$0	$0
Mary Houghton	President	1.00	Officer Director	$0	$0	$0
Brian Argrett	Treasurer	1.00	Officer Director	$0	$0	$0
Alfredo Martel	Director	1.00	Director	$0	$0	$0
Connie Evans	Director	1.00	Director	$0	$0	$0
Dan Betancourt	Director	1.00	Director	$0	$0	$0
Ellis Carr	Director	1.00	Director	$0	$0	$0
Inez Long	Director	1.00	Director	$0	$0	$0
Kurt Chilcott	Director	1.00	Director	$0	$0	$0
Lee Winslett	Director	1.00	Director	$0	$0	$0
Saurabh Narain	Director	1.00	Director	$0	$0	$0
Victor Elmore	Director	1.00	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	$233,260	$61,934	$10,151,005	$171,326
2022	$187,892	$274,416	$9,968,394	$-86,524
2021	$31,063	$117,704	$10,055,312	$-86,641
2020	$13,649,834	$3,521,900	$10,146,056	$10,127,934