Adelante Center for Entrepreneurship (EIN 833751315) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Kenneth Barber

Tax Period

2021-01-01 to 2021-12-31

Adelante Center for Entrepreneurship, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $251K in total revenue in fiscal year 2021. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 28% operating margin.

Mission

The Adelante Centers mission is to create wealth in distressed communities through entrepreneurship, living-wage job creation, and community development. We focus exclusively on developing programs and projects that benefit Lake County and the surrounding areas.

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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 (2021)

Revenue Breakdown

Contributions & Grants $250,871

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,928

Fundraising Expenses $7,563

Program Expenses $96,318

Other Expenses $101,289

TOTAL EXPENSES $181,217

Year-over-Year Comparison

	2021	2020	Change
Revenue	$250,871	$139,189	+0.8%
Expenses	$181,217	$163,430	+0.1%
Net Income	$69,654	$-24,241	-3.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Topiltzen Gomez	Director	2.00	Director	$0	$0	$0
Derek Barber	Director	0.00	Director	$0	$0	$0
Michael Meehan	Chairman	0.00	Officer Director	$0	$0	$0
Dr Myla Patterson-Smith	Treasurer	2.00	Officer Director	$0	$0	$0
James Miller	Secretary	2.00	Officer Director	$0	$0	$0
Kenneth Barber	Executive Director	0.00	Officer Highest	$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
2021	$250,871	$181,217	$94,606	$69,654

Adelante Center for Entrepreneurship