Economic Empowerment Center

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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

Principal Officer

Daniel A Padilla

Phone

4025021069

Tax Period

2023-01-01 to 2023-12-31

Economic Empowerment Center, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 61% operating margin.

Mission

The mission is to give people a path to financial stability and improved financial health by offering financial education and low-cost loans with favorable terms to residents and small businesses in Omaha, who otherwise would have difficulty accessing loans from traditional lenders.

Program Service Accomplishments

Program 1

Expenses: $829,160 Revenue: $2,347,697

Give people a path to financial stability and improved financial health by offering low-cost loans with longer repayment terms to residents and small businesses in Omaha, who have difficulty in...

Give people a path to financial stability and improved financial health by offering low-cost loans with longer repayment terms to residents and small businesses in Omaha, who have difficulty in accessing loans from traditional lenders. This is accomplished by providing financial coaching and helping people transition away from payday and other predatory lenders with the ultimate goal being to help people achieve long-term financial health.

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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 $2,159,580

Program Service Revenue $150,542

Investment Income $37,575

Other Revenue $0

TOTAL REVENUE $2,347,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $659,282

Fundraising Expenses $8,384

Program Expenses $829,160

Other Expenses $179,031

TOTAL EXPENSES $912,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,347,697	$1,638,241	+0.4%
Expenses	$912,991	$1,354,265	-0.3%
Net Income	$1,434,706	$283,976	+4.1%

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

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

$200,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Padilla	Executive Director	050.00	Officer Highest	$146,227	$2,302	$148,529
Rhonda Byers	Director of Finance	040.00	Officer	$51,548	$647	$52,195
Madeline Moyer	Board Chair	002.00	Director	$0	$0	$0
Sarah Podany	Board Secretary	002.00	Director	$0	$0	$0
OJ Spooner	Board Treasurer	002.00	Director	$0	$0	$0
John Bourne	Director	001.00	Director	$0	$0	$0
Jason Hagan	Director	001.00	Director	$0	$0	$0
Johnny Nesbit	Director	001.00	Director	$0	$0	$0
Robia Qasimyar	Director	001.00	Director	$0	$0	$0
Aisha Conner	Director	001.00	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	$2,347,697	$912,991	$5,579,406	$1,434,706
2022	$1,638,241	$1,354,265	$4,035,071	$283,976
2021	$11,872,061	$10,837,834	$3,751,095	$1,034,227
2020	$10,010,054	$8,411,002	$2,716,868	$1,599,052
2019	$1,727,597	$688,953	$1,117,817	$1,038,644