Economic Empowerment Center (EIN 832198837) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

To give people a path to financial stability and improved financial health by financial education and low-cost loans to residents small businesses in Omaha who wouldnt be able to obtain loans from traditional lenders.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Economic Empowerment Center