NATIONAL ASSOCIATION OF BLACK JOUR… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

KEN LEMON

Phone

3014050248

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF BLACK JOURNALISTS, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.4M left a modest 6% surplus.

Mission

TO INCREASE THE NUMBER OF BLACKS IN MANAGEMENT POSITIONS, TO ENCOURAGE AND EDUCATE YOUNG BLACKS INTERESTED IN PURSUING A JOURNALISM CAREER, AND TO MONITOR AND SENSITIZE ALL MEDIA TO RACISM.

Program Service Accomplishments

Program 1

Expenses: $2,986,684

CONVENTION - THE NABJ CONVENTION AND CAREER FAIR IS THE PREMIER VENUE FOR DIGITAL JOURNALISM EDUCATION, CAREER DEVELOPMENT, AND THE NATION'S LEADERS IN MEDIA, BUSINESS, ARTS & ENTERTAINMENT AND...

CONVENTION - THE NABJ CONVENTION AND CAREER FAIR IS THE PREMIER VENUE FOR DIGITAL JOURNALISM EDUCATION, CAREER DEVELOPMENT, AND THE NATION'S LEADERS IN MEDIA, BUSINESS, ARTS & ENTERTAINMENT AND TECHNOLOGY. PROFESSIONAL JOURNALISTS, STUDENTS AND EDUCATORS TAKE PART IN FULL AND HALF DAY SEMINARS DESIGNED TO STRENGTHEN AND ENHANCE THEIR SKILLS. WORKSHOPS THROUGHOUT THE FIVE-DAY CONVENTION WILL HIGHLIGHT JOURNALISM ETHICS, ENTREPRENEURSHIP, SPECIALIZED JOURNALISM AND TRANSITIONING JOURNALISM SKILLS TO BOOK PUBLISHING, SCREEN WRITING AND MEDIA RELATIONS.

Program 2

Expenses: $511,718

OTHER NABJ PROGRAM SERVICES ARE COMMITTED TO STRENGHTENING TIES AMONG BLACK JOURNALISTS; SENSITIZING ALL MEDIA TO THE IMPORTANCE OF FAIRNESS IN THE WORKPLACE FOR BLACK JOURNALISTS; INCREASING THE...

OTHER NABJ PROGRAM SERVICES ARE COMMITTED TO STRENGHTENING TIES AMONG BLACK JOURNALISTS; SENSITIZING ALL MEDIA TO THE IMPORTANCE OF FAIRNESS IN THE WORKPLACE FOR BLACK JOURNALISTS; INCREASING THE NUMBER OF BLACK JOURNALISTS IN MANAGEMENT POSITIONS; EXPANDING JOB OPPORTUNITIES AND RECRUITING ACTIVITIES FOR VETERANS AND ASPIRING BLACK JOURNALISTS; PROVIDING PROFESSIONAL DEVELOPMENT AND TRAINING FOR BLACK JOURNALISTS; WORKING WITH HIGH SCHOOLS AND COLLEGES TO IDENTIFY AND ENCOURAGE BLACK STUDENTS TO BECOME JOURNALISTS AND TO PROVIDE INFORMATION AND TRAINING SERVICES TO THE GENERAL PUBLIC.

Program 3

Expenses: $167,356

SCHOLARSHIP - THE ASSOCIATION SPONSORS VARIOUS SCHOLARSHIP PROGRAMS THAT PROVIDE CASH SCHOLARSHIPS AND GRANTS TO SELECTED QUALIFYING INDIVIDUALS TO ENABLE THEM TO COMMENCE OR CONTINUE WITH THEIR...

SCHOLARSHIP - THE ASSOCIATION SPONSORS VARIOUS SCHOLARSHIP PROGRAMS THAT PROVIDE CASH SCHOLARSHIPS AND GRANTS TO SELECTED QUALIFYING INDIVIDUALS TO ENABLE THEM TO COMMENCE OR CONTINUE WITH THEIR STUDIES.

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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 $3,037,332

Program Service Revenue $2,040,246

Investment Income $486,682

Other Revenue $135,633

TOTAL REVENUE $5,699,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,248,703

Fundraising Expenses $0

Program Expenses $3,708,813

Other Expenses $4,115,625

TOTAL EXPENSES $5,364,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,699,893	$5,168,236	+0.1%
Expenses	$5,364,328	$4,866,418	+0.1%
Net Income	$335,565	$301,818	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY CHANEY	Vice President	2.00	Officer Director	$0	$0	$0
JASMINE STYLES	Treasurer	2.00	Officer Director	$0	$0	$0
ANGELA SMITH	Director	2.00	Director	$0	$0	$0
KEN LEMON	President	2.00	Officer Director	$0	$0	$0
AMIR VERA	Vice President	2.00	Director	$0	$0	$0
MADISON CARTER	Secretary	2.00	Officer Director	$0	$0	$0
WALTER SMITH-RANDOLPH	Vice President	2.00	Officer Director	$0	$0	$0
MELONY ROY	Director	2.00	Director	$0	$0	$0
SIA NYORKOR	Parliamentarian	2.00	Director	$0	$0	$0
EVA D COLEMAN	Director	2.00	Director	$0	$0	$0
GRANT HINES	Representative	2.00	Director	$0	$0	$0
TRE'VELL ANDERSON	Director	2.00	Director	$0	$0	$0
DR SYB BROWN	Representative	2.00	Director	$0	$0	$0
RASCHANDA HALL	Representative	2.00	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	No data	No data	No data	No data
2023	$5,699,893	$5,364,328	$8,033,118	$335,565
2022	$5,168,236	$4,866,418	$7,569,060	$301,818
2021	$4,417,067	$2,704,488	$7,758,303	$1,712,579
2020	$3,724,781	$2,118,463	$6,117,054	$1,606,318
2019	$4,531,026	$4,112,425	$3,623,912	$418,601
2018	$3,648,329	$3,133,375	$3,000,040	$514,954

NATIONAL ASSOCIATION OF BLACK JOURNALISTS