THE BLACK COLLEGE SCHOLARSHIP FUND… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

ALAN HAYMON

Phone

6179643632

Tax Period

2023-01-01 to 2023-12-31

THE BLACK COLLEGE SCHOLARSHIP FUND INC C/O DL BIBBY, founded in 2002, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2023. Revenue surged 492% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 6186% operating deficit.

Mission

TO PROVIDE ACADEMIC SCHOLARSHIPS TO AMERICAN UNDERGRADUATE AND GRADUATE COLLEGE STUDENTS OF AFRICAN DESCENT

Program Service Accomplishments

Program 1

Expenses: $99,000

PROVIDING ACADEMIC SCHOLARSHIPS AND ASSISTANCE TO AMERICAN UNDERGRADUATE AND GRADUATE COLLEGE STUDENTS OF AFRICAN DESCENT

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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 $1,427

Program Service Revenue $0

Investment Income $194

Other Revenue $0

TOTAL REVENUE $1,621

Expense Breakdown

Grants Paid $99,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,000

Other Expenses $2,891

TOTAL EXPENSES $101,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,621	$274	+4.9%
Expenses	$101,891	$6,310	+15.1%
Net Income	$-100,270	$-6,036	+15.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN HAYMON	DIRECTOR	0.50	Officer Director	$0	$0	$0
DL BIBBY	DIRECTOR	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$1,621	$101,891	$211,576	$-100,270
2022	$274	$6,310	$311,846	$-6,036
2021	$264	$10,035	$317,882	$-9,771
2020	$1,780	$17,890	$327,653	$-16,110
2019	$1,298	$39,492	$343,763	$-38,194
2018	$242	$48,890	$381,957	$-48,648

THE BLACK COLLEGE SCHOLARSHIP FUND INC C/O DL BIBBY