SOCIETY FOR HISTORY AND RACIAL EQU… - 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

2003

Legal Domicile

Principal Officer

CHIANTE' LYMON-HAMILTON

Phone

2693819775

Tax Period

2023-01-01 to 2023-12-31

SOCIETY FOR HISTORY AND RACIAL EQUITY, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2023. Revenue surged 309% from the prior year, signaling strong growth momentum. The organization ran a surplus of $279K, a strong 58% operating margin.

Mission

TO RESEARCH AND DOCUMENT AFRICAN AMERICAN HISTORY AND PROMOTE RACIAL EQUITY

Program Service Accomplishments

Program 1

Expenses: $65,963 Revenue: $2,555

THE SUMMIT ON RACISM AND YOUTH SUMMIT ARE ANNUAL EVENTS THAT ARE OPEN TO THE PUBLIC. THE YOUTH SUMMIT WAS MODERATED BY FORMER STUDENT INTERNS OF SHARE. OUR PANELISTS WERE FROM FOUR LOCAL HIGH SCHOOLS IN THE SOUTHWEST REGION. THE PANEL FOCUSED ON UNADDRESSED RACISM IN THE CURRICULUM AND CLASSROOMS. STUDENTS WERE ABLE TO SPEAK OUT ABOUT STEREOTYPES AND MYTHS THAT ARE SPOKEN ABOUT IN THE SOUTHWEST REGION, SCHOOL DISTRICTS ABOUT STUDENTS OF COLOR, AND HOW WE AS A COMMUNITY CAN COMBAT THAT. THIS CONVERSATION WAS A WAY TO HELP STUDENTS REFLECT ON THE IMPACTS OF RACISM AND PUBLICLY SPEAK TO THE GAPS AND DISPARITIES IN THE SCHOOL SYSTEM. THE SUMMIT ON RACISM WAS FORMATTED INTO SIX SESSIONS. SPEAKERS WERE ASKED TO FOCUS ON KEY SPECIALTY AREAS: RACIAL EQUITY IN HOUSING, FINANCIAL LITERACY, ECONOMIC DEVELOPMENT, CULTURAL COMPETENCIES, AND MOBILIZATION AND ACTION STEPS TO ELIMINATING RACISM IN KALAMAZOO. THE CONVERSATIONS WERE DESIGNED TO BUILD AWARENESS OF RACIAL DISPARITIES AND PROVIDE OPPORTUNITIES FOR CONTINUED DISCUSSION, NETWORKING, AND BUILDING COMMUNITY PARTNERSHIPS.

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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 $457,181

Program Service Revenue $2,555

Investment Income $7,193

Other Revenue $10,579

TOTAL REVENUE $477,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,888

Fundraising Expenses $17,818

Program Expenses $65,963

Other Expenses $82,389

TOTAL EXPENSES $198,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$477,508	$116,818	+3.1%
Expenses	$198,277	$163,926	+0.2%
Net Income	$279,231	$-47,108	-6.9%

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

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

$72,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIANTE' LYMON-HAMILTON	EXECUTIVE DI	40.00	Officer	$69,400	$3,088	$72,488
TRICE BATSON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DR KRISTINA WADE	TREASURER	2.00	Officer Director	$0	$0	$0
SISTER SUE MCCRERY ENDED	TREASURER	2.00	Officer Director	$0	$0	$0
SUE ELLEN CHRISTIAN-ISAKSEN ENDED	SECRETARY	2.00	Officer Director	$0	$0	$0
ALBERTINE TINA WADE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNA DONNELLY DALES	BOARD MEMBER	1.00	Director	$0	$0	$0
SHASHANTA JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIANNA JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB WALLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMIN FINCH	BOARD MEMBER	1.00	Director	$0	$0	$0
BYRON FOSTER ENDED	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDY MCCORKLE ENDED	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN HOAG ENDED	BOARD MEMBER	1.00	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
2023	$477,508	$198,277	$612,670	$279,231
2022	$116,818	$163,926	$330,178	$-47,108
2021	$379,398	$131,486	$415,846	$247,912
2020	$205,864	$131,807	$167,201	$74,057

SOCIETY FOR HISTORY AND RACIAL EQUITY