George Floyd Community Benevolence Fund (EIN 871734939) - 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

2022

Legal Domicile

Principal Officer

Jeffrey Storms

Phone

6124557055

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $0

Investment Income $31

Other Revenue $0

TOTAL REVENUE $31

Expense Breakdown

Grants Paid $449,802

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $449,802

Other Expenses $5,181

TOTAL EXPENSES $454,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31	$500,001	-1.0%
Expenses	$454,983	$4,754	+94.7%
Net Income	$-454,952	$495,247	-1.9%

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
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

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
2023	$31	$454,983	$40,295	$-454,952
2022	$500,001	$4,754	$495,247	$495,247

George Floyd Community Benevolence Fund