The Center for Economic Opportunity and Belonging

EIN: 922067566 501(c)(3) Community Improvement

Salt Lake City, UT

Total Revenue
$792,630
Total Expenses
$387,218
Total Assets
$730,572
Net Assets
$696,120
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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
2023
Legal Domicile
UT
Principal Officer
Ze Min Xiao
Phone
8019535770
Tax Period
2024-07-01 to 2025-06-30

The Center for Economic Opportunity and Belonging, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $793K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $405K, a strong 51% operating margin.

Mission

Our mission is to engage with communities and catalyze private, public, and philanthropic partnerships to remedy opportunity gaps in economic opportunity, education, health, and housing in Utah.

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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 $792,630
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $792,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $271,841
Fundraising Expenses $8,658
Program Expenses $356,288
Other Expenses $115,377
TOTAL EXPENSES $387,218

Year-over-Year Comparison

2024 2023 Change
Revenue $792,630 $732,597 +0.1%
Expenses $387,218 $561,263 -0.3%
Net Income $405,412 $171,334 +1.4%
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
7
Independent Members
7
Employees
4
Volunteers
7

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
$96,201
Total Directors
7
$0
Key Employees
1
$96,201
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ze Min Xiao President & CEO 40.00
Officer Key Emp Highest
$96,201 $0 $96,201
Michael Gallegos Chair 2.00
Officer Director
$0 $0 $0
Jenny Mayer-Glenn Vice Chair 1.00
Officer Director
$0 $0 $0
Benjamin Brown Treasurer 1.00
Officer Director
$0 $0 $0
Byron Russell Secretary 1.00
Officer Director
$0 $0 $0
Nubia Pena Director 1.00
Director
$0 $0 $0
Deneiva Knight Director 1.00
Director
$0 $0 $0
Natalie El-Deiry Director 1.00
Director
$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
2025 $792,630 $387,218 $730,572 $405,412
2024 $732,597 $561,263 $293,776 $171,334
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