Blackfem Inc

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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

2015

Legal Domicile

Phone

3015251795

Tax Period

2024-01-01 to 2024-12-31

Blackfem Inc, founded in 2015, is a small nonprofit in the Human Services sector that reported $983K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $439K, a strong 45% operating margin.

Mission

BLACKFEM PARTNERS WITH THE NATION'S MOST FORWARD-THINKING GOVERNMENTAL BODIES AND ACTIVISTS TO REIMAGINE WEALTH BUILDING OPPORTUNITIES FOR BLACK WOMEN.

Program Service Accomplishments

Program 1

Expenses: $532,336 Revenue: $600,000

BLACKFEM HAS ADDRESSED KEY AREAS OF INFLUENCE - CULTURAL INSTITUTIONS, EDUCATION SYSTEMS, POLICYMAKING, AND FAMILIES. WITH A HOLISTIC, RESEARCH BACKED APPROACH TO HEALING FINANCIAL TRAUMA. BLACKFEM'S CURRICULUM, TRAININGS, AND PROGRAMS HELP MAKE PROGRESS AGAINST THE ROOT CAUSES OF FINANCIAL INEQUITY IN OUR TARGET COMMUNITIES TO IMPROVE THEIR WEALTH BUILDING CAPACITY, OR UNDO BIAS IN THE SYSTEMS AROUND THEM BY RESHAPING LOCAL INSTITUTIONS AND POLICIES.

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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 $383,380

Program Service Revenue $600,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $983,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,350

Fundraising Expenses $0

Program Expenses $532,336

Other Expenses $144,360

TOTAL EXPENSES $544,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,380	$534,996	+0.8%
Expenses	$544,710	$880,613	-0.4%
Net Income	$438,670	$-345,617	-2.3%

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

$262,566

Total Directors

$337,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chloe McKenzie	Executive Dir.	40.00	Officer Director	$262,566	$0	$262,566
John Watts	Treasurer	10.00	Director	$75,231	$0	$75,231
Heiyab Tessema	Chairman	1.00	Director	$0	$0	$0
Jihan Dubose	President	3.00	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	$983,380	$544,710	$514,334	$438,670
2023	$534,996	$880,613	$68,105	$-345,617
2022	$619,222	$580,265	$160,561	$38,957
2022	$731,604	$350,583	$424,143	$381,021
2020	$181,339	$166,924	$62,264	$14,415
2019	$347,168	$340,850	$53,372	$6,318