COMMUNITY ENGAGEMENT & OPPORTUNITY… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

SCOTT TURNER

Phone

2149860042

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY ENGAGEMENT & OPPORTUNITY COUNCIL, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $760K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 22% operating margin.

Mission

AT COMMUNITY ENGAGEMENT & OPPORTUNITY COUNCIL (CEOC), OUR MISSION IS TO REVITALIZE COMMUNITIES IN AMERICA BY WAY OF SPORTS, MENTORSHIP, AND ECONOMIC OPPORTUNITY. OUR EFFORTS TO STRENGTHEN COMMUNITIES INCLUDE PROVIDING ESSENTIAL RESOURCES FOR THOSE WHO NEED IMMEDIATE RELIEF AS WELL AS PROVIDING ACCESS TO SUSTAINABLE OPPORTUNITIES THAT WILL IMPACT GENERATIONS TO COME.

Program Service Accomplishments

Program 1

Expenses: $111,460

CEOC'S FIRST TASTE OF IMPROVING CHILDHOOD LITERACY CAME FROM A PARTNERSHIP WITH BRIDGEBUILDERS, WHERE THE ORGANIZATION RENOVATED THE EXISTING LITERACY LAB TO CREATE A SAFE AND INSPIRING SPACE FOR...

CEOC'S FIRST TASTE OF IMPROVING CHILDHOOD LITERACY CAME FROM A PARTNERSHIP WITH BRIDGEBUILDERS, WHERE THE ORGANIZATION RENOVATED THE EXISTING LITERACY LAB TO CREATE A SAFE AND INSPIRING SPACE FOR KIDS TO READ AFTER SCHOOL. UPON SEEING THE MARKED IMPROVEMENT IN LITERACY, CEOC DECIDED TO BUILD A SCALABLE, FAITH-BASED LEARNING PROGRAM AIMED AT SERVING OUR NATION'S MOST VULNERABLE YOUTH. IN FEBRUARY 2023, WE OPENED DOORS TO OUR 1ST LEARNING LAB AT NEW LIFE COMMUNITY CHURCH (LITTLE ELM) FOR KINDERGARTEN - 5TH GRADE STUDENTS. THIS PROGRAM IS DESIGNED TO DEVELOP, ENHANCE, AND SUSTAIN THE FIVE FOUNDATIONAL READING SKILLS: PHONEMIC AWARENESS ~ PHONICS ~ FLUENCY ~ VOCABULARY ~ READING COMPREHENSION.

Program 2

Expenses: $100,000

CEOC PARTNERED WITH ONE OF DFW'S MOST INFLUENTIAL CHURCHES TO IMPACT THE UNDERSERVED COMMUNITIES SURROUNDING PRESTONWOOD BAPTIST CHURCH'S PLANO CAMPUS IN SEPTEMBER 2023, OPENING THE DOORS TO OUR 2ND LEARNING LAB. THIS ALLOWED US TO PROVIDE A SUPPLEMENTAL READING PROGRAM THAT NOT ONLY IMPROVES LITERACY BUT BOOSTS THE CONFIDENCE OF THE CHILDREN YET AGAIN. THIS IS CRITICAL FOR US BECAUSE: - 70% OF LOW-INCOME 4TH GRADE STUDENTS CANNOT READ AT GRADE LEVEL (THE NATIONAL LITERACY INSTITUTE) - 130 MILLION ADULTS IN THE US ARE ILLITERATE (THE NATIONAL LITERACY INSTITUTE) - SCHOOL DROPOUTS COST 240 BILLION EACH YEAR IN SOCIAL SERVICE EXPENDITURES AND LOST TAX REVENUE (THE NATIONAL LITERACY INSTITUTE) WITH THE OPENING OF BOTH LABS, WE WERE ABLE TO MAKE A GENERATION IMPACT BY PROVIDING MORE THAN 180 SUPPLEMENTAL HOURS OF READING TO OVER 30 CHILDREN IN 2023. FUTURE INITIATIVES OUR GOAL IS TO OPEN 2-3 LABS OVER THE NEXT 12 TO 18 MONTHS. THIS WILL ALLOW US TO SERVE 60 STUDENTS PER SESSION THROUGHOUT OUR PROGRAM IN VARIOUS STRATEGIC AREAS IN DFW.

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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 $749,545

Program Service Revenue $0

Investment Income $0

Other Revenue $10,175

TOTAL REVENUE $759,720

Expense Breakdown

Grants Paid $236,460

Salaries & Benefits $0

Fundraising Expenses $68,146

Program Expenses $523,233

Other Expenses $354,919

TOTAL EXPENSES $591,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$759,720	$445,183	+0.7%
Expenses	$591,379	$185,620	+2.2%
Net Income	$168,341	$259,563	-0.4%

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

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
SCOTT TURNER	PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDA YACCARINO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TONY EWING	VICE CHAIR/T	5.00	Officer Director	$0	$0	$0
ALFONSO COSTA JR	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM DONOFRIO	STRATEGICPAR	1.00	Officer	$0	$0	$0
DAVID MANSDOERFER	OPERATIONS	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	$759,720	$591,379	$678,179	$168,341
2022	$445,183	$185,620	$509,838	$259,563
2021	$364,945	$114,670	$250,275	$250,275

COMMUNITY ENGAGEMENT & OPPORTUNITY COUNCIL