THE BLACK FIVES FOUNDATION (EIN 461925488) - 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

2013

Legal Domicile

Principal Officer

CLAUDE JOHNSON

Phone

2034938600

Tax Period

2023-01-01 to 2023-12-31

THE BLACK FIVES FOUNDATION, founded in 2013, is a small nonprofit in the Education sector that reported $192K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $166K left a modest 14% surplus.

Mission

THE BLACK FIVES FOUNDATION WORKS TO RESEARCH, PRESERVE, EXHIBIT, AND AND PROMOTE THE PRE-1950 HISTORY OF AFRICAN AMERICANS IN BASKETBALL TO ENGAGE, TEACH, AND INSPIRE YOUTH AND OTHERS WHILE HONORING ITS PIONEERS AND THEIR DESCENDANTS. WE WORK WITH THE PRE-1950 HISTORY OF AFRICAN AMERICAN BASKETBALL TEAMS (THE "BLACK FIVES ERA") IN ORDER TO: STIMULATE INTEREST IN HISTORY AND THE HUMANITIES, PROMOTE EDUCATIONAL ADVANCEMENT, ENRICH APPRECIATION OF CULTURE AND THE ARTS, ENCOURAGE COMMUNITY-BASED YOUTH PROGRAMMING, BUILD FITNESS AND HEALTH AWARENESS, ILLUMINATE SPORTS INDUSTRY CAREER OPPORTUNITIES, ADVOCATE FOR THE RECOGNITION OF THE ERA'S PIONEERS AND THEIR DESCENDANTS, AND, ENABLE THESE EFFORTS THROUGH INNOVATIVE USES OF TECHNOLOGY AS WELL AS VIA TRADITIONAL MEANS.

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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 $14,236

Program Service Revenue $0

Investment Income $0

Other Revenue $177,759

TOTAL REVENUE $191,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,275

Fundraising Expenses $2,714

Program Expenses $92,903

Other Expenses $111,790

TOTAL EXPENSES $166,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,995	$457,982	-0.6%
Expenses	$166,065	$448,613	-0.6%
Net Income	$25,930	$9,369	+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

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

$50,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDE JOHNSON	PRESIDENT, E	60.00	Officer Director	$50,000	$0	$50,000
KEITH HOULEMARD	DIRECTOR	4.00	Director	$0	$0	$0
CLAIRE FAY	SECRETARY	4.00	Officer	$0	$0	$0
MICHAEL KING	TREASURER	4.00	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	$191,995	$166,065	$196,803	$25,930
2022	$457,982	$448,613	$188,694	$9,369
2021	$295,836	$237,082	$139,613	$58,754

THE BLACK FIVES FOUNDATION