Black Caucus Foundation of Michigan (EIN 382739884) - 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

1987

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

Black Caucus Foundation of Michigan, founded in 1987, is a small nonprofit in the Public & Societal Benefit sector that reported $610K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $536K left a modest 12% surplus.

Mission

To provide non-partisan educational research, public policy development, and analysis of various issues of social and economic importance of Michigans black communities.

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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 $609,746

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $609,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,738

Fundraising Expenses $0

Program Expenses $442,001

Other Expenses $271,082

TOTAL EXPENSES $535,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,746	$342,840	+0.8%
Expenses	$535,820	$439,171	+0.2%
Net Income	$73,926	$-96,331	-1.8%

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

N/A

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

$27,500

Total Directors

Key Employees

$110,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Stallworth	Operations & Training Executi	40.00	Key Emp	$110,000	$0	$110,000
Keith Stallworth	Chairman	40.00	Officer	$20,000	$0	$20,000
Shirley Sorrell	Treasurer	20.00	Officer	$7,500	$0	$7,500
Marshall Bullock	President	2.00	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	$609,746	$535,820	$246,908	$73,926
2023	$342,840	$439,171	$171,134	$-96,331
2022	$479,578	$377,840	$256,506	$101,738
2022	$479,578	$377,840	$256,506	$101,738
2021	$245,564	$265,005	$224,191	$-19,441
2020	$520,325	$327,590	$251,257	$192,735
2019	$322,720	$349,739	$63,285	$-27,019
2018	$463,201	$410,713	$360,449	$52,488

Black Caucus Foundation of Michigan