Black Arts & Culture Alliance of Chicago (EIN 364206772) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

Luther Goins

Phone

7737399452

Tax Period

2024-01-01 to 2024-12-31

Black Arts & Culture Alliance of Chicago, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $309K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 27% operating margin.

Mission

The mission of the Black Arts & Culture Alliance of Chicago is to collectively advance Black excellence in the work of the Black arts and culture sector.

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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 $305,708

Program Service Revenue $3,631

Investment Income $0

Other Revenue $0

TOTAL REVENUE $309,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,264

Fundraising Expenses $47,835

Program Expenses $132,498

Other Expenses $123,123

TOTAL EXPENSES $226,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,339	$241,211	+0.3%
Expenses	$226,387	$251,349	-0.1%
Net Income	$82,952	$-10,138	-9.2%

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

$61,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlique Rolle	Fmr Exe Dir.	40.00	Officer	$61,257	$0	$61,257
Jackie Taylor	President	5.00	Officer Director	$0	$0	$0
Sydney Chatman	Vice President	5.00	Officer Director	$0	$0	$0
Chuck Smith	Director	5.00	Director	$0	$0	$0
Cheryl Lynne Bruce	Director	5.00	Director	$0	$0	$0
Troy O Pryor	Director	5.00	Director	$0	$0	$0
Luther Goins	Executive Dir.	40.00	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
2024	$309,339	$226,387	$353,911	$82,952
2023	$241,211	$251,349	$268,838	$-10,138
2022	$232,027	$125,403	$278,976	$106,624

Black Arts & Culture Alliance of Chicago