BLACK GIRLS CODE INC (EIN 454930539) - 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

2012

Legal Domicile

Principal Officer

CHRIS FOGELMAN

Phone

5103980880

Tax Period

2024-01-01 to 2024-12-31

BLACK GIRLS CODE INC, founded in 2012, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $12.8M exceeded revenue, resulting in a 192% operating deficit.

Mission

TO EMPOWER TALENT THROUGH HIGH-IMPACT PROGRAMS THAT BUILD SKILLS, CONFIDENCE, AND COMMUNITY.

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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 $3,468,479

Program Service Revenue $0

Investment Income $871,051

Other Revenue $37,300

TOTAL REVENUE $4,376,830

Expense Breakdown

Grants Paid $74,455

Salaries & Benefits $6,085,262

Fundraising Expenses $1,978,813

Program Expenses $7,258,902

Other Expenses $6,618,543

TOTAL EXPENSES $12,778,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,376,830	$6,684,767	-0.3%
Expenses	$12,778,260	$11,745,064	+0.1%
Net Income	$-8,401,430	$-5,060,297	+0.7%

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

359

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

$1,322,908

Total Directors

$599,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRISTINA MANCINI	CEO	40.00	Officer Director	$490,323	$69,136	$559,459
SELINA SUAREZ	DIRECTOR	2.00	Director	$40,000	$0	$40,000
DAMIER XANDRINE	CHAIR	2.00	Officer Director	$0	$0	$0
MASHEA ASHTON	CHAIR	2.00	Officer Director	$0	$0	$0
LISA SERWIN	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN HERBERT	DIRECTOR	2.00	Director	$0	$0	$0
NEERACHA TAYCHAKHOONAVUDH	DIRECTOR	2.00	Director	$0	$0	$0
SHERMAN WHITES	DIRECTOR (TERM 09/2024)	2.00	Director	$0	$0	$0
MARY LOUISE SHEA	COO (TERM 12/2024)	40.00	Officer	$247,734	$0	$247,734
FUNMILAYO BROWN	CDO (TERM 12/2024)	40.00	Officer	$176,820	$25,386	$202,206
BRITTANY CLAY	COO (TERM 02/2024)	40.00	Officer	$140,066	$19,083	$159,149
LAUREN PETERS LAGUE	CMO	40.00	Officer	$128,111	$26,249	$154,360
RUSSELL FARNELL	VP, FINANCE (TERM 07/2024)	40.00	Highest	$220,658	$20,742	$241,400
TAMIKA TRETU	VP, PROGRAMS	40.00	Highest	$182,575	$45,728	$228,303
CHRIS FOGELMAN	VP, FINANCE & TECHNOLOGY	40.00	Highest	$105,997	$20,368	$126,365

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	$4,376,830	$12,778,260	$23,883,672	$-8,401,430
2023	$6,684,767	$11,745,064	$32,083,235	$-5,060,297
2022	$7,045,838	$12,214,909	$37,291,484	$-5,169,071
2021	$16,892,534	$6,022,091	$40,729,664	$10,870,443
2020	$23,913,846	$2,954,708	$26,310,791	$20,959,138
2020	$23,913,846	$2,954,708	$26,310,791	$20,959,138
2019	$4,763,115	$2,804,497	$4,234,124	$1,958,618

BLACK GIRLS CODE INC