Side Hustle Economy Co

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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

ANTHONY MURDOCK

Phone

3172254378

Tax Period

2022-07-01 to 2023-06-30

Side Hustle Economy Co, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $126K in total revenue in fiscal year 2022. Revenue surged 145% from the prior year, signaling strong growth momentum.

Mission

Empowered black side hustlers to achieve their entrepreneurial dreams through exposure and education. Provided resources with software and other physical equipment to address business development needs.

Program Service Accomplishments

Program 1

Expenses: $114,340

Provided aspiring and existing entrepreneur with resources to support entrepreneurial development. Held various educational events to both inform and inspire.

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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 $125,960

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,960

Expense Breakdown

Grants Paid $18,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,340

Other Expenses $106,289

TOTAL EXPENSES $124,939

Year-over-Year Comparison

	2022	2021	Change
Revenue	$125,960	$51,434	+1.4%
Expenses	$124,939	$51,168	+1.4%
Net Income	$1,021	$266	+2.8%

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
CAMERON HARRIS	Chair	2.000	Officer Director	$0	$0	$0
STACIA MURPHY	Board Member	2.000	Director	$0	$0	$0
BIANCA WRIGHT	Board Member	2.000	Director	$0	$0	$0
VINCENT ASH JR	Board Member	2.000	Director	$0	$0	$0
MAURICE SCOTT	Board Member	2.000	Director	$0	$0	$0
ANTHONY MURDOCK	Executive Director	40.00	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	$125,960	$124,939	$766	$1,021