INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC (EIN 364305164) - 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

1999

Legal Domicile

Principal Officer

NICOLE HARRINGTON

Phone

2166447953

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 5% surplus.

Mission

ORGANIZED TO ESTABLISH AND PROVIDE FINANCIAL ASSISTANCE, MENTORS AND ROLE MODELS FOR BLACK HIGH SCHOOL AND COLLEGE STUDENTS TO PURSUE STUDIES IN ACTUARIAL SCIENCE AND TO ENCOURAGE PARTICIPATION OF ITS MEMBERS IN ACTIVITIES OF ACTUARIAL ORGANIZATIONS.

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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 $989,606

Program Service Revenue $139,206

Investment Income $118,625

Other Revenue $0

TOTAL REVENUE $1,247,437

Expense Breakdown

Grants Paid $211,700

Salaries & Benefits $217,928

Fundraising Expenses $27,617

Program Expenses $1,017,605

Other Expenses $760,036

TOTAL EXPENSES $1,189,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,247,437	$1,710,351	-0.3%
Expenses	$1,189,664	$1,244,030	0.0%
Net Income	$57,773	$466,321	-0.9%

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

150

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

$157,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN NEWSOME	DIRECTOR	2.00	Director	$0	$0	$0
DWAYNE HUSBANDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
GLORIA GILLIAM	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN ABROKWAH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MONIQUE HACKER	DIRECTOR	2.00	Director	$0	$0	$0
TENESIA MCGRUDER	DIRECTOR	2.00	Director	$0	$0	$0
MAAMBO MUJALA	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE HARRINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
ANTHONY WEATHERSPOON	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DALESA BRADY	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN APPLEWHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE WEAVER	INTERIM EXECUTIVE DIRECTOR	50.00	Officer	$45,885	$0	$45,885
JEFFREY BROWN	EXECUTIVE DIRECTOR	50.00	Officer	$103,000	$8,700	$111,700

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	$1,247,437	$1,189,664	$2,797,749	$57,773
2023	$1,710,351	$1,244,030	$2,736,516	$466,321
2022	$1,451,479	$1,127,900	$2,280,711	$323,579
2021	$1,198,491	$549,213	$1,943,130	$649,278
2020	$909,310	$365,719	$1,295,356	$543,591
2019	$723,864	$536,748	$745,462	$187,116
2018	$578,137	$534,954	$557,495	$43,183

INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC