Black Connect 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

2019

Legal Domicile

Principal Officer

Angela Majete

Phone

8134055918

Tax Period

2022-01-01 to 2022-12-31

Black Connect Inc, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $194K in total revenue in fiscal year 2022. The organization ran a surplus of $136K, a strong 70% operating margin.

Mission

Black Connect is committed to eliminating the racial wealth gap in America by increasing the number and success rate of Black-owned businesses.

Program Service Accomplishments

Program 1

Expenses: $58,524 Revenue: $194,193

We were able to award business grants to two tech entrepreneurs through our annual pitch competition, initiative FeverPitch. We increased the number of our partnering law firms and we were able to...

We were able to award business grants to two tech entrepreneurs through our annual pitch competition, initiative FeverPitch. We increased the number of our partnering law firms and we were able to expand our legal services program to include legal webinars and provide in-person legal assistance through our Business Development Day initiative. We increased the number of professionals who serve as volunteers in our business mentoring program. We were able to earmark funds for our order fulfillment program which helps entrepreneurs and small business owners purchase inventory and fill large orders.

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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 (2022)

Revenue Breakdown

Contributions & Grants $194,193

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,524

Other Expenses $58,524

TOTAL EXPENSES $58,524

Year-over-Year Comparison

	2022	2021	Change
Revenue	$194,193	N/A	N/A
Expenses	$58,524	N/A	N/A
Net Income	$135,669	N/A	N/A

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

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
Angela Majette	Chairperson	35.00	Officer Director	$0	$0	$0
Marshawn Dickson Jr	Director	15.00	Officer	$0	$0	$0
Rodney Lemay	Director	5.00		$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
2022	$194,193	$58,524	$176,319	$135,669