SOUTHEAST CENTER FOR COOPERATIVE D… - Form 990 Financial Data

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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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST CENTER FOR COOPERATIVE DEVELOPMENT, founded in 2018, is a small nonprofit in the Education sector that reported $495K in total revenue in fiscal year 2023. The organization ran a surplus of $182K, a strong 37% operating margin.

Mission

Our primary purpose is to help build a more equitable economy by increasing the economic opportunities and benefits available to the excluded through the development of wealth-building cooperatives which are owned and controlled by the low-income minority and or underserved communities in Metro Nashville in Tennessee and in the Southeastern U.S. We give priority to developing the power and capacity of the marginalized.

Program Service Accomplishments

Program 1

Expenses: $262,128 Revenue: $0

Academy: cooperative business development education and training. Intro: outreach services to introduce cooperative business concept and models. Technical Assistance & Accelerator: technical services and deep dive education and training of business development activities and tasks. Resources: provide clients resources to aid business development and operational competencies.

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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 $493,947

Program Service Revenue $0

Investment Income $0

Other Revenue $1,040

TOTAL REVENUE $494,987

Expense Breakdown

Grants Paid $19,759

Salaries & Benefits $155,282

Fundraising Expenses $2,400

Program Expenses $262,128

Other Expenses $135,678

TOTAL EXPENSES $313,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,987	N/A	N/A
Expenses	$313,119	N/A	N/A
Net Income	$181,868	N/A	N/A

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

$141,460

Total Directors