Society of Human Engagement and Business CENTER

EIN: 880722736 501(c)(3) Education

East Hartford, CT

Total Revenue
$919,000
Total Expenses
$785,808
Total Assets
$650,935
Net Assets
$676,992
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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
CT
Phone
8604781004
Tax Period
2024-01-01 to 2024-12-31

Society of Human Engagement and Business CENTER, founded in 2022, is a small nonprofit in the Education sector that reported $919K in total revenue in fiscal year 2024. Expenses of $786K left a modest 14% surplus.

Mission

to provide education and financial resources to minority business

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $919,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $919,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,078
Fundraising Expenses $0
Program Expenses $785,808
Other Expenses $363,730
TOTAL EXPENSES $785,808

Year-over-Year Comparison

2024 2023 Change
Revenue $919,000 $938,250 0.0%
Expenses $785,808 $1,655,893 -0.5%
Net Income $133,192 $-717,643 -1.2%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maurice Morgan II Vice President 0.00
Officer
$0 $0 $0
Chavonnique Wilkinson-Davis Secretary 0.00
Officer
$0 $0 $0
Michael Bagley Treasurer 0.00
Officer
$0 $0 $0
Shirley Harrell Member Director 0.00
Officer
$0 $0 $0
Sonserae Cicero President 0.00
Highest
$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 $919,000 $785,808 $650,935 $133,192
2023 $938,250 $303,893 $368,477 $634,357
2023 $938,250 $303,893 $368,477 $634,357
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