Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)George Floyd Community Benevolence Fund, founded in 2022, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $31 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $455K exceeded revenue, resulting in a 1467587% operating deficit.
As part of the Settlement regarding George Floyd's death, the Fund received $500,000 from the City of Minneapolis to make grants primarily to businesses, community organizations, and 501(c)(3) organizations near where Mr Floyd was murdered.
The Ward 8 Community Benevolence Fund, previously known as The George Floyd Community Benevolence Fund, was founded by a one-time payment of $500,000 that was paid by the City of Minneapolis as part...
The Ward 8 Community Benevolence Fund, previously known as The George Floyd Community Benevolence Fund, was founded by a one-time payment of $500,000 that was paid by the City of Minneapolis as part of the $27 Million Dollar payment for the death of George Floyd. The purpose of the Fund was to give effect to the settlement, which included a desired goal of benefitting businesses that served the community where George Floyd was murdered, many of which were severely impacted in the wake of COVID 19 and George's murder. The Foundation issued $449,801.63 in grants in 2023, which included making grants to 16 different entities. Those grants were made to a variety of entities, included assistance with mental health counseling at a local Boys & Girls Club, a social-justice minded photography gallery in George Floyd Square, and a local car detailing business.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $31 | $500,001 | -1.0% |
| Expenses | $454,983 | $4,754 | +94.7% |
| Net Income | $-454,952 | $495,247 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jennifer McGuffin | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Terrence Floyd | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Uzoma Obasi | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Uzodima Frank Abu-Onu | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Roxie Washington | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Lisa Brabbit | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ben Crump | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Scott Redd | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey Storms | President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $31 | $454,983 | $40,295 | $-454,952 |
| 2022 | $500,001 | $4,754 | $495,247 | $495,247 |
Compare George Floyd Community Benevolence Fund with other nonprofits in Minnesota and across the country.