Resilnc

Nonprofit profile at a glance

EIN
851335751
IRS 990-EZ coverage
2020–2022
Forms available
Form 990-EZ 2022, Form 990-N 2021
Location
Greensboro, NC, USA
Phone
8034206489
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Minority Rights

Official website

Reported finances

Revenue
$141,450
Expenses
$150,247
Assets
$48,645
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • BRITTANY BENNETT WESTON (EXECUTIVE DIRECTOR)

People named in this filing

  • WILSON LESTER (CHAIR)
  • TALIB GRAVES-MANNS (SECRETARY)
  • TARA KENCHEN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Resilnc improves the ecosystem of data, advice, and funding available to black entrepreneurs in North Carolina.

What it reported doing in 2022

Analyze the challenges for african american and women owned businesses particularly amid the ongoing pandemic, which has already shuddered close to half of the minority-owned businesses in operation prior to covid-19. The businesses in the resilnc survey of 200-plus black businesses in North Carolina have gross revenues ranging from less than $100,000 to more than $10 million.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.1%; rating input score 82
  • Program expense ratio: 77.3%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -6.2%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 45.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 150% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 46.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 44.9% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 82.1% of revenue deployed · 77.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $116K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.