Builds wealth-building cooperatives for low-income, minority, and underserved communities in Nashville and the Southeast.
For fiscal year 2025 it reported $252K in revenue, $415K in expenses, and $221K in net assets.Pt I
Where the money goes · FY2025
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$415K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$163K
Where spending went · Part IX cols B–D
92%
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-65%
revenue over expenses, this year▼ -425% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$252K
FY2025▼ -53%
$531K$265K$0
FY2021FY2025
Expenses
$415K
FY2025▼ -2%
$425K$213K$0
FY2021FY2025
Total assets
$279K
FY2025▼ -28%
$388K$194K$0
FY2021FY2025
Total liabilities
$58K
FY2025▲ ×23
$58K$29K$0
FY2021FY2025
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$415K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$163K
Total assetsPt X · Ln 16$279K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III
Where the work happens
1 program service account for $382K of program spending, described in the organization's own filed words · FY2025.
01
Academy
Cooperative business development education and training. Introduction: Outreach services to introduce cooperative business concepts and models. Technical Assistance & Accelerator: Technical services and in-depth education and training on business development activities and tasks.
Rosemarie Henkel-Rieger’s $75K as Executive Co-Director
is at the 67th percentile of top reported officer pay among 1616 $100K–1M education nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Rosemarie Henkel-Rieger · Reported title Executive Co-director · Highest reported compensation $75K · Total expenses $415K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $222K · Total expenses $415K
54%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
92%
—
—
Overhead ratio
8%
—
—
Revenue growth
-53%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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