CENTER FOR ECONOMIC INCLUSION

EIN: 823563111 501(c)(3) Community Improvement

Saint Paul, MN

Total Revenue
$4,329,571
Total Expenses
$6,465,591
Total Assets
$7,738,892
Net Assets
$6,736,839
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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
2017
Legal Domicile
MN
Principal Officer
Tawanna Black
Phone
6123518200
Tax Period
2022-01-01 to 2022-12-31

CENTER FOR ECONOMIC INCLUSION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2022. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 49% operating deficit.

Mission

The Center for Economic Inclusion is an organization committed to strengthening the Minneapolis - Saint Paul region's civic infrastructure and collective capacity to disrupt systems and influence market forces to catalyze shared prosperity and advance an inclusive economy.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,346,675
Program Service Revenue $1,006,761
Investment Income $490
Other Revenue $-24,355
TOTAL REVENUE $4,329,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,399,361
Fundraising Expenses $104,640
Program Expenses $4,431,313
Other Expenses $3,020,718
TOTAL EXPENSES $6,465,591

Year-over-Year Comparison

2022 2021 Change
Revenue $4,329,571 $9,776,985 -0.6%
Expenses $6,465,591 $4,078,094 +0.6%
Net Income $-2,136,020 $5,698,891 -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
8
Independent Members
8
Employees
37
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
4
$487,210
Total Directors
12
$0
Key Employees
3
$584,354
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tawanna Black Founder and Chief Executive Officer 40
Officer
$350,600 $40,615 $391,215
Suzanne Kelly Chief of Staff 40.0
Key Emp
$178,600 $39,395 $217,995
Anthony Tolliver Sr Director of Workforce Innovation 40
Key Emp
$155,600 $36,399 $191,999
Andrea Ferstan VP of Systems Innovation 40
Key Emp
$158,564 $15,796 $174,360
Nathan Arnosti Director of Analytics 40
Highest
$116,411 $11,324 $127,735
Michele Pletcher VP of Finance and Operations 40
Officer
$88,350 $7,645 $95,995
William Barney Board Member 1
Director
$0 $0 $0
Repa Mekha Board Member 1
Director
$0 $0 $0
Adair Mosley Board Member 1
Director
$0 $0 $0
Joseph Nayquonabe Board Member 1
Director
$0 $0 $0
Toni Carter Board Member 1
Director
$0 $0 $0
Sam Yamoah Jr Board Member 1
Director
$0 $0 $0
Karen Hudson Board Member 1
Director
$0 $0 $0
Dionne Gumbs Board Member 1
Director
$0 $0 $0
Elliot Jaffee Board Member 1
Director
$0 $0 $0
Kimberly Randolph Board Member 1
Director
$0 $0 $0
Ro Adebiyi Board Chair 2
Officer Director
$0 $0 $0
Kenneth LaChance Treasurer 1
Officer 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
2022 $4,329,571 $6,465,591 $7,738,892 $-2,136,020
2021 $9,776,985 $4,078,094 $9,315,769 $5,698,891
2020 $3,184,549 $3,458,979 $3,798,554 $-274,430
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