National Bankers Community Allianc… - 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

2021

Legal Domicile

Principal Officer

Nicole Elam

Tax Period

2023-01-01 to 2023-12-31

National Bankers Community Alliance Inc, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

Its mission is to help the National Bankers Association eliminate the racial wealth gap in the United States by providing, free of charge resources and services to individuals, small businesses, and nonprofits owned and operated by people of color and low- and moderate-income persons.

Program Service Accomplishments

Program 1

Expenses: $1,263,955

MDI ConnectTech - NBCA in collaboration with the Alliance for Innovative Regulation (AIR) and with support from Citi Foundation's Community Finance Innovation Fund, MDI ConnectTech assists...

MDI ConnectTech - NBCA in collaboration with the Alliance for Innovative Regulation (AIR) and with support from Citi Foundation's Community Finance Innovation Fund, MDI ConnectTech assists minority-owned and operated banks in their journey towards modernization and digital transformation. This program enables MDIs to develop and integrate technology solutions to streamline operations, expand their customer base, and enhance engagement through digital channels.

Program 2

Expenses: $250,000

Our Money Matters (OMM) is a free online tool designed to develop, support, and scale access to financial education and sound financial practices for members of under-served communities.

Program 3

Expenses: $236,206

Financial Wellness - The Our Money Matters (OMM) Financial Wellness Digital Platform represents an opportunity to connect the work of MDIs in delivering financial products and services to underserved communities. Developed by HBCU Community Development Action Coalition (HBCU CDAC), the OMM Initiative and its digital platform empowers and supports participants in communities and educational settings to acquire knowledge, build habits, and access financial literacy education and personal finance tools and resources. The OMM/NBCA Pilot Initiative ("the Pilot") connected financial wellness programming to financial product and service delivery that addresses the racial wealth gap.

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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 $1,577,736

Program Service Revenue $0

Investment Income $11,823

Other Revenue $134,500

TOTAL REVENUE $1,724,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,455,120

Fundraising Expenses $0

Program Expenses $2,096,801

Other Expenses $892,148

TOTAL EXPENSES $2,347,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,724,059	$11,723,574	-0.9%
Expenses	$2,347,268	$639,836	+2.7%
Net Income	$-623,209	$11,083,738	-1.1%

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

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

$372,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Elam	Executive Dir.	20.00	Officer	$66,575	$0	$372,538
Michelle Davis	Chief Oper.Officer	25.00		$24,808	$0	$50,770
Robert James II	Chairman	1.00	Officer Director	$0	$0	$0
Patrick Cooper	Vice Chair	1.00	Officer Director	$0	$0	$0
Aron Betru	Secretary	1.00	Officer Director	$0	$0	$0
Evelyn Smalls	Treasurer	1.00	Officer Director	$0	$0	$0
Travis Kiyota	At-Large	1.00	Director	$0	$0	$0
James Ballentine	At-Large	1.00	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	No data	No data	No data	No data
2023	$1,724,059	$2,347,268	$11,522,199	$-623,209
2022	$11,723,574	$639,836	$12,159,570	$11,083,738

National Bankers Community Alliance Inc