CLEVELAND EMPOWERMENT FOUNDATION (EIN 843873463) - 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

CARLA KIRKLAND

Phone

6012594670

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND EMPOWERMENT FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $342K in total revenue in fiscal year 2024.

Mission

THE CLEVELAND EMPOWERMENT FOUNDATION'S MISSION IS TO TAKE A HOLISTIC APPROACH TO DEVELOPING WELL-ROUNDED INDIVIDUALS BY PROVIDING EDUCATIONAL TRAINING, PROFESSIONAL DEVELOPMENT, JOB-TRAINING, COUNSELING, PHYSICAL FITNESS/DIET AND NUTRITIONAL TRAINING, AND LEADERSHIP AND LIFE SKILLS TRAINING TO LOW INCOME AT-RISK INDIVIDUALS AND GROUPS OF THE STATE OF MISSISSIPPI THAT BETTER PREPARE THEM FOR LIFE AND A GLOBAL SOCIETY.

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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 $342,173

Program Service Revenue $0

Investment Income $0

Other Revenue $160

TOTAL REVENUE $342,333

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $77,822

Fundraising Expenses $0

Program Expenses $342,333

Other Expenses $214,511

TOTAL EXPENSES $342,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,333	$332,100	+0.0%
Expenses	$342,333	$332,100	+0.0%
Net Income	$0	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

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

$580,853

Total Directors

$700,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA KIRKLAND	DIRECTOR, CH	3.00	Officer Director	$0	$36,203	$450,086
LEROY STOKES	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
TRECINA GREEN	SECRETARY/TR	8.00	Officer Director	$15,491	$0	$130,767
KARLA MCCULLOUGH	DIRECTOR	N/A	Director	$0	$0	$0
CHANTAE J CLEVELAND	DIRECTOR	3.00	Director	$0	$0	$119,500

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	$342,333	$342,333	$494	No data
2023	$332,100	$332,100	$99,047	No data
2022	$345,819	$345,819	$74,050	No data

CLEVELAND EMPOWERMENT FOUNDATION