Community Improvement
(S43Z)
IRS Verified
DX Registered
990 on File
WESTERN REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL
Financial strength (30%)
44/100
Reliability (20%)
55/100
Effectiveness (25%)
60/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Western Regional Minority Supplier Diversity Council (WRMSDC) addresses income disparities for people of color, helping to restore communities of color economically by empowering minority business enterprises (MBEs) to create inter-generational wealth and living-wage jobs. WRMSDC advances business opportunities for MBEs in Northern California, Nevada, and Hawaii and connects them with major corporations and their buyers, supporting the growth of minority-owned businesses.
Financial Overview — FY 2023
$2.9M
Total Revenue
$3.0M
Total Expenses
$2.0M
Net Assets
13
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
36.8%
Fundraising Efficiency
138.4%
Operating Reserve
7.90x
Liability-to-Asset
15.0%
Revenue Diversification
74.8%
Executive Compensation
$479K
Compared with Peers
FY 2023
Compared with 2,193 similar organizations
(United States, Community Improvement, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
36.8% | 85.1% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
55.1% | 11.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.1% | 0.2% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
138.4% | 138.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.9 mo | 10.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
15.0% | 21.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
74.8% | 91.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-0.4% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
20.1% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-4.4% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $2.9M | $3.0M | $2.0M | 36.8% | 13 |
| 2022 | $2.9M | $2.5M | $2.1M | 41.3% | 10 |
| 2021 | $3.9M | $1.7M | N/A | — | 9 |
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