SOUTH BEND BLACK EMPOWERMENT FUND … - Form 990 Financial Data

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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

Principal Officer

JORDAN GIGER

Phone

7652478412

Tax Period

2022-01-01 to 2022-12-31

SOUTH BEND BLACK EMPOWERMENT FUND INC, founded in 2020, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $4K in total revenue in fiscal year 2022. Expenses of $31K exceeded revenue, resulting in a 619% operating deficit.

Mission

SEEK TO CREATE SOCIAL ECONOMIC ENVIRONMENTAL POLITICAL LEGAL JUSTICE FOR ALL PEOPLE OF THE AFRICAN DIASPORA IN NORTHERN INDIANA SOUTHERN MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $31,129

CREATE SOCIAL ECONOMIC, ENVIRONMENTAL POLITICAL LEGAL JUSTICE FOR ALL PEOPLE OF THE AFRICAN DIASPORA IN NORTHERN INDIANA AND SOUTHERN MICHIGNA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,120

Other Revenue $1,207

TOTAL REVENUE $4,327

Expense Breakdown

Grants Paid $3,135

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,129

Other Expenses $27,994

TOTAL EXPENSES $31,129

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,327	$4,521	0.0%
Expenses	$31,129	$100,081	-0.7%
Net Income	$-26,802	$-95,560	-0.7%

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
JORDEN GIGER	PRESIDENT	010.00	Officer	$0	$0	$0
EMMANUEL CANNADY	TREASURER	010.00	Officer	$0	$0	$0
KATHERYN REDDING	SECRETARY	020.00	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
2022	$4,327	$31,129	$476,374	$-26,802
2021	$4,521	$100,081	$518,876	$-95,560
2020	$640,680	$41,944	$598,736	$598,736

SOUTH BEND BLACK EMPOWERMENT FUND INC