FFTC PARTNERS FOR EMPOWERING COMMUNITIES

EIN: 922022464 501(c)(3) Community Improvement

CHARLOTTE, NC

Total Revenue
$19,334,130
Total Expenses
$12,149,321
Total Assets
$7,905,622
Net Assets
$7,847,197
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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
NC
Principal Officer
ALYSSA FEDERICO
Phone
7049734500
Tax Period
2023-01-01 to 2023-12-31

FFTC PARTNERS FOR EMPOWERING COMMUNITIES, founded in 2022, is a mid-sized nonprofit in the Community Improvement sector that reported $19.3M in total revenue in fiscal year 2023. The organization ran a surplus of $7.2M, a strong 37% operating margin.

Mission

TO CARRY OUT GRANT-MAKING AND RELATED PROGRAMS TO FOSTER ECONOMIC DEVELOPMENT OPPORTUNITIES AND GREATER SOCIAL AND ECONOMIC MOBILITY FOR LOW INCOME AND MINORITY COMMUNITIES IN THE GREATER CHARLOTTE METROPOLITAN AREA.

Program Service Accomplishments

Program 1
Expenses: $11,286,325

BEYOND OPEN SMALL BUSINESS GRANT PROGRAM. TO ADMINISTER GRANTS TO CHARLOTTE METRO AREA SMALL BUSINESSES PRIMARILY WITHIN LOW INCOME COMMUNITIES. GRANTS ARE DIRECTED TO DIVERSE SMALL BUSINESSES AND...

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BEYOND OPEN SMALL BUSINESS GRANT PROGRAM. TO ADMINISTER GRANTS TO CHARLOTTE METRO AREA SMALL BUSINESSES PRIMARILY WITHIN LOW INCOME COMMUNITIES. GRANTS ARE DIRECTED TO DIVERSE SMALL BUSINESSES AND THE SMALL BUSINESS ECOSYSTEM TO HELP BUILD ECONOMIC MOBILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,334,130
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $19,334,130

Expense Breakdown

Grants Paid $10,589,032
Salaries & Benefits $0
Fundraising Expenses $61,007
Program Expenses $11,286,325
Other Expenses $1,560,289
TOTAL EXPENSES $12,149,321

Year-over-Year Comparison

2023 2022 Change
Revenue $19,334,130 N/A N/A
Expenses $12,149,321 N/A N/A
Net Income $7,184,809 $0 N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$1,830,943
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEWELL HOOVER CHAIR 0.50
Officer Director
$0 $0 $0
TONYA S BLACKMON DIRECTOR 0.50
Director
$0 $0 $0
LUCIA ZAPATA GRIFFITH DIRECTOR 0.50
Director
$0 $0 $0
DOUGLAS BENSON SECRETARY 0.50
Officer
$0 $46,391 $422,326
ALYSSA FEDERICO TREASURER 0.50
Officer
$0 $47,013 $384,568
FEDERICO RIOS ASSISTANT SECRETARY 0.50
Officer
$0 $15,770 $176,007
LAURA SMITH PRESIDENT 0.50
Officer
$0 $76,494 $848,042
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 $19,334,130 $12,149,321 $7,905,622 $7,184,809
2022 No data No data No data No data
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