BLACK WOMEN LAWYERS ASSOCIATION SCHOLARSHIP FUND

EIN: 363961241 501(c)(3) Community Improvement

CHICAGO, IL

Total Revenue
$61,949
Total Expenses
$94,762
Total Assets
$20,887
Net Assets
$20,887
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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
1994
Legal Domicile
IL
Phone
3125542088
Tax Period
2024-06-01 to 2025-05-31

BLACK WOMEN LAWYERS ASSOCIATION SCHOLARSHIP FUND, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $62K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $95K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO SOLICIT AND RAISE MONEY TO SUPPORT THE ACTIVITIES AND PURPOSES OF THE SCHOLARSHIP FUND

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $61,837
Program Service Revenue $0
Investment Income $0
Other Revenue $112
TOTAL REVENUE $61,949

Expense Breakdown

Grants Paid $84,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,932
Other Expenses $10,512
TOTAL EXPENSES $94,762

Year-over-Year Comparison

2024 2023 Change
Revenue $61,949 $71,581 -0.1%
Expenses $94,762 $34,973 +1.7%
Net Income $-32,813 $36,608 -1.9%
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

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Governance

Voting Members
16
Independent Members
N/A
Employees
N/A
Volunteers
16

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
16
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAN AKALAONU PRESIDENT 5.00
Officer
$0 $0 $0
NATANYA POPE-SOHEL VICE PRESIDENT 5.00
Officer
$0 $0 $0
ALEXANDRA ROGERS TREASURER 5.00
Officer
$0 $0 $0
KAMEELAH POINTER CORRESPONDING SECRETARY 5.00
Officer
$0 $0 $0
LELONI ENGLISH RECORDING SECRETARY 5.00
Officer
$0 $0 $0
KINA ARNOLD PARLIAMENTARIAN 5.00
Officer
$0 $0 $0
WEEYA YOUNG EX-OFFICIO 5.00
Officer
$0 $0 $0
MERILI SEALE BOARD MEMBER 5.00
Officer
$0 $0 $0
DEB IMAFIDON BOARD MEMBER 5.00
Officer
$0 $0 $0
MARISKA RICHARDS BOARD MEMBER 5.00
Officer
$0 $0 $0
JASMINE FANNELL CHAIR 5.00
Officer
$0 $0 $0
NATALIE ELLIS BOARD MEMBER 5.00
Officer
$0 $0 $0
KINA ARNOLD BOARD MEMBER 5.00
Officer
$0 $0 $0
SHANNON STOKES BOARD MEMBER 5.00
Officer
$0 $0 $0
ELSA ANDRIANIFAHANANA BOARD MEMBER 5.00
Officer
$0 $0 $0
ASHLEE GERMANY BOARD MEMBER 5.00
Officer
$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
2025 $61,949 $94,762 $20,887 $-32,813
2024 $71,581 $34,973 $56,973 $36,608
2023 $78,728 $88,409 $20,365 $-9,681
2022 $85,586 $60,830 $48,947 $24,756
2021 $70,919 $45,304 $63,104 $25,615
2020 $60,043 $20,167 $40,757 $39,876
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