Black Psychiatrists of America Inc

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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

1977

Legal Domicile

Phone

2028279978

Tax Period

2024-01-01 to 2024-12-31

Black Psychiatrists of America Inc, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $397K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $474K exceeded revenue, resulting in a 19% operating deficit.

Mission

ADDRESS UNMET MENTAL HEALTH NEEDS OF BLACK PATIENTS AND PSYCHIATRISTS WHOSE PROFESSIONAL ISSUES WERE NOT ADDRESSED BY RELEVANT ORGANIZATIONS

Program Service Accomplishments

Program 1

Expenses: $306,296 Revenue: $181,086

Hosting educational events including the Spring Symposium and Fall Conference

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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 (2024)

Revenue Breakdown

Contributions & Grants $366,964

Program Service Revenue $29,944

Investment Income $0

Other Revenue $0

TOTAL REVENUE $396,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $306,296

Other Expenses $473,938

TOTAL EXPENSES $473,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,908	$318,524	+0.2%
Expenses	$473,938	$310,497	+0.5%
Net Income	$-77,030	$8,027	-10.6%

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

N/A

Employees

N/A

Volunteers

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
Stephen McLeod-Bryant	President	10.00		$0	$0	$0
Samuel Williams	Treasurer	10.00		$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	$396,908	$473,938	$80,114	$-77,030
2023	$318,524	$310,497	$69,067	$8,027
2022	$212,473	$184,560	$59,437	$27,913