ECONOMIC OPPORTUNITY CENTER (EIN 851198854) - 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

2021

Legal Domicile

Principal Officer

DON OGLESBY

Phone

8645464635

Tax Period

2023-01-01 to 2023-12-31

ECONOMIC OPPORTUNITY CENTER, founded in 2021, is a small nonprofit in the Human Services sector that reported $328K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 18% operating margin.

Mission

THE OPPORTUNITY CENTER SEEKS TO MITIGATE THE SKILLS GAP THAT EXISTS BETWEEN THE WORKFORCE AND EMPLOYERS, AS WELL AS PREPARE THE WORKFORCE AND GROWING ENTREPRENEURS TO PARTICIPATE IN THE LOCAL ECONOMIC SYSTEMS, WHILE CREATING NEW SYSTEMS THAT PROMOTE SOCIAL ENTERPRISE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $328,190

Investment Income $0

Other Revenue $0

TOTAL REVENUE $328,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,644

Fundraising Expenses $0

Program Expenses $229,198

Other Expenses $198,002

TOTAL EXPENSES $269,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,190	$252,679	+0.3%
Expenses	$269,646	$200,655	+0.3%
Net Income	$58,544	$52,024	+0.1%

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

N/A

Independent Members

N/A

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
DOROTHEA BERNIQUE	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
BERNIE MAZYCK	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CEDRIC MUHAMMAD	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JENNIE STEPHENS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DON OGLESBY	PRESIDENT AN	1.00	Officer	$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	$328,190	$269,646	$52,589	$58,544
2022	$252,679	$200,655	$102,156	$52,024
2021	$253,359	$7,607	$233,329	$245,752

ECONOMIC OPPORTUNITY CENTER