MICHIGAN BLACK EXPO INC (EIN 383297241) - 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

1995

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN BLACK EXPO INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $411K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO FOSTER ENLIGHTENMENT IN AFRICAN AMERICAN AFFAIRS & PROMOTE THEIR CELEBRATION IN THE STATE OF MICHIGAN AS WELL AS TO BRING METROPOLITAN GRAND RAPIDS AND WEST MICHIGAN INTO THE NATIONAL SPOTLIGHT OF ETHNIC AMERICA THROUGH ADVOCACY,EDUCATION,& RESEARCH TO ACHIEVE POSITIVE OUTCOME

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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 $410,498

Program Service Revenue $0

Investment Income $473

Other Revenue $0

TOTAL REVENUE $410,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $436,690

Other Expenses $436,690

TOTAL EXPENSES $436,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,971	$368,418	+0.1%
Expenses	$436,690	$171,046	+1.6%
Net Income	$-25,719	$197,372	-1.1%

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

N/A

Employees

N/A

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

$107,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NED ANDREE	CHAIRMAN	0.00	Officer	$57,213	$0	$57,213
RUDOLPH R TREECE III	PRESIDENT	50.00	Officer	$49,918	$0	$49,918
TAALIB EL AMIN	PAST CHAIRMAN	24.00	Officer	$0	$0	$0
KOJO QUARTEY	VICE CHAIRMAN	24.00	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
2023	$410,971	$436,690	$340,192	$-25,719
2022	$368,418	$171,046	$334,438	$197,372

MICHIGAN BLACK EXPO INC