FFTC PARTNERS FOR EMPOWERING COMMUNITIES (EIN 922022464) - 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

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.

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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 $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

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

$1,830,943

Total Directors

Key Employees

Highest Compensated

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

FFTC PARTNERS FOR EMPOWERING COMMUNITIES