Multi-Ethnic Business Association (EIN 844858996) - 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

2020

Legal Domicile

Phone

5098381881

Tax Period

2024-01-01 to 2024-12-31

Multi-Ethnic Business Association, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $643K, a strong 43% operating margin.

Mission

Our mission is to educate, advocate, and support multi-ethnic businesses in Eastern Washington

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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 $1,485,991

Program Service Revenue $0

Investment Income $177

Other Revenue $500

TOTAL REVENUE $1,486,668

Expense Breakdown

Grants Paid $141,479

Salaries & Benefits $411,884

Fundraising Expenses $0

Program Expenses $792,886

Other Expenses $289,906

TOTAL EXPENSES $843,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,486,668	$2,362,298	-0.4%
Expenses	$843,269	$2,209,266	-0.6%
Net Income	$643,399	$153,032	+3.2%

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

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
Marvin Reguindin	Executive Director	40.00		$95,981	$0	$95,981
Sanya Ala	Director of Gov Affairs	40.00		$95,981	$0	$95,981
Francis Adewale	President	2.00	Director	$0	$0	$0
Kerra Bower	Director	0.50	Director	$0	$0	$0
Ronny Oliver	Director	0.50	Director	$0	$0	$0
Robin Kelly	Treasurer	0.50	Director	$0	$0	$0
Devika Gates	Secretary	0.50	Director	$0	$0	$0
Raymond Reyes	Director	0.50	Director	$0	$0	$0
Michael Spencer	Vice President	0.50	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	$1,486,668	$843,269	$1,012,406	$643,399
2023	$2,362,298	$2,209,266	$304,887	$153,032
2022	$311,336	$267,710	$145,783	$43,626
2021	$234,302	$210,637	$92,744	$23,665

Multi-Ethnic Business Association