ASSOCIATION OF BLACK PSYCHOLOGISTS

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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

1968

Legal Domicile

Principal Officer

SHARON BETHEA

Tax Period

2023-10-01 to 2024-09-30

ASSOCIATION OF BLACK PSYCHOLOGISTS, founded in 1968, is a small nonprofit in the Mental Health sector that reported $609K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $836K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES; PROMOTING AND ADVANCING THE PROFESSION OF AFRICAN PSYCHOLOGY; INFLUENCING AND AFFECTING SOCIAL CHANGE;AND DEVELOPINGPROGRAMS WHEREBY PSYCHOLOGISTS OF AFRICAN DESCENT CAN ASSIST IN SOLVING BLACK PROBLEMS.

Program Service Accomplishments

Program 1

Expenses: $528,201

NATIONAL CONVENTION THE NATIONAL CONVENTION PROVIDES AN OUTSTANDING EDUCATIONAL PROGRAM WHICH INCLUDES CONTINUING EDUCATION UNITS AND GENERAL PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ATTENDEES...

NATIONAL CONVENTION THE NATIONAL CONVENTION PROVIDES AN OUTSTANDING EDUCATIONAL PROGRAM WHICH INCLUDES CONTINUING EDUCATION UNITS AND GENERAL PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ATTENDEES. KEYNOTE SPEAKERS, GUEST PANELISTS AND GENERAL SESSIONS COVER A DIVERSE ARRAY OF TOPICS RELATED TO THE PRACTICE, RESEARCH AND PROFESSIONAL TRAINING RELATED TOTHE TOTAL WELL BEING OF OUR WORLD COMMUNITY. IN ADDITION TO SEVERAL PRESENTATIONS, THE ANNUAL BUSINESS AND COMMITTEE MEETINGS ARE HELD AND STUDENTS AND EARLY CAREER PROFESSIONALS HAVE THE OPPORTUNITIES TO BE MENTORED BY THE ASSOCIATIONS ELDERS AND SEASONED MEMBERS.

Program 2

Expenses: $194,590

PSYCH DISCOURSE AND JOURNAL PUBLICATIONEDUCATIONAL PUBLICATION ON MENTAL HEALTH.THE JOURNAL OF BLACK PSYCHOLOGY (JBP) PRESENTS THE MOST INNOVATIVE PEER-REVIEWED EMPIRICAL THEORETICAL AND...

PSYCH DISCOURSE AND JOURNAL PUBLICATIONEDUCATIONAL PUBLICATION ON MENTAL HEALTH.THE JOURNAL OF BLACK PSYCHOLOGY (JBP) PRESENTS THE MOST INNOVATIVE PEER-REVIEWED EMPIRICAL THEORETICAL AND METHODOLOGICAL RESEARCH ON THE BEHAVIOR AND EXPERIENCES OF BLACKS AND OTHER POPULATIONS FROM BLACK OR AFROCENTRIC PERSPECTIVES. THE JOURNAL OFFERS COMPLETE AND BALANCED COVERAGE OF THE LATEST ADVANCES TRHOUGH ORIGINAL ARTICLES AND SPECIAL FEATURES SUCH AS RESEARCH BRIEFS, ESSAYS, COMMENTARY, AND MEDIA REVIEWS. THE PSYCH DISCOURSE IS THE MONTHLY NEWS JOURNAL OF THE ASSOCIATION OF BLACK PSYCHOLOGISTS.

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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 $170,287

Program Service Revenue $300,005

Investment Income $7,005

Other Revenue $131,301

TOTAL REVENUE $608,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,016

Fundraising Expenses $0

Program Expenses $722,791

Other Expenses $579,072

TOTAL EXPENSES $836,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,598	$900,216	-0.3%
Expenses	$836,088	$911,574	-0.1%
Net Income	$-227,490	$-11,358	+19.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERMAINE ROBERTSON	SOUTHERN REGIONAL REPRESENTAT	10.00	Director	$0	$0	$0
TANIA LODGE	MIDWESTERN REGIONAL REPRESENT	10.00	Director	$0	$0	$0
ADEEBA DETERVILLE	GENERAL ASSEMBLY CHAIR	10.00	Director	$0	$0	$0
ZEEYON WALKER	WESTERN REGIONAL REPRESENTATI	10.00	Director	$0	$0	$0
ERYKA BOYD	EASTERN REGIONAL REPRESENTATI	10.00	Director	$0	$0	$0
JOANNE LEBURN	STUDENT CIRCLE CHAIR	10.00	Director	$0	$0	$0
SHARON BETHEA	PRESIDENT	25.00	Officer Director	$0	$0	$0
DEREK WILSON	PRESIDENT ELECT	25.00	Officer Director	$0	$0	$0
SHAWN JONES	SECRETARY	10.00	Officer Director	$0	$0	$0
RACHEL GAITER	TREASURER	10.00	Officer 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
2024	$608,598	$836,088	$557,083	$-227,490
2023	$900,216	$911,574	$732,767	$-11,358
2022	$717,756	$565,205	$739,817	$152,551
2021	$951,008	$610,154	$587,422	$340,854
2020	$411,349	$436,578	$239,715	$-25,229
2019	$524,429	$432,948	$267,878	$91,481
2018	$678,571	$761,388	$248,985	$-82,817