Believe In Me Empowerment Corporation (EIN 841707447) - 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

2000

Legal Domicile

Principal Officer

James Walker

Phone

2038091120

Tax Period

2024-07-01 to 2025-06-30

Believe In Me Empowerment Corporation, founded in 2000, is a community nonprofit in the Mental Health sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

Dedicated to improving the lives of children, young adults, and their families in disadvantaged areas of Greater New Haven County.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,491,919

Program Service Revenue $127,713

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,619,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $954,000

Fundraising Expenses $0

Other Expenses $709,747

TOTAL EXPENSES $1,663,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,619,632	$1,256,246	+0.3%
Expenses	$1,663,747	$1,216,516	+0.4%
Net Income	$-44,115	$39,730	-2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Briscoe	Member	N/A	Director	$0	$0	$0
Edward Joyner	Member	N/A	Director	$0	$0	$0
Pat Medor	Member	N/A	Director	$0	$0	$0
Bernetta Boateng	Member	N/A	Director	$0	$0	$0
Dot Martin	Member	N/A	Director	$0	$0	$0
Loretta Turner	Member	N/A	Director	$0	$0	$0
Sharon Jones	Member	N/A	Director	$0	$0	$0
Robin Higgins	Member	N/A	Director	$0	$0	$0
N/A	President	020.00	Officer	$0	$0	$0
N/A	Vice President	001.00	Officer	$0	$0	$0
Karen Bellamy	Secretary	001.00	Officer	$0	$0	$0
Emma Tavares	Treasurer	001.00	Officer	$0	$0	$0
James Walker	Executive Director	040.00	Officer Key Emp 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
2025	$1,619,632	$1,663,747	$366,894	$-44,115
2024	$1,232,920	$1,229,528	$446,228	$3,392
2023	$259,580	$259,580	$7,029	No data
2022	$136,540	$193,458	$337	$-56,918
2020	$467,261	$396,901	$44,347	$70,360

Believe In Me Empowerment Corporation