DEVELOPMENT FUND FOR BLACK STUDENTS IN SCIENCE & TECH INC (EIN 521342321) - 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

1986

Legal Domicile

Principal Officer

HATTIE CARWELL

Phone

2026353604

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENT FUND FOR BLACK STUDENTS IN SCIENCE & TECH INC, founded in 1986, is a micro nonprofit that reported $40K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $55K exceeded revenue, resulting in a 38% operating deficit.

Mission

GRANTING SCHOLARSHIPS TO STUDENTS WHO MEET SPECIFIC CRITERIA.

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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 $28,328

Program Service Revenue $0

Investment Income $11,271

Other Revenue $0

TOTAL REVENUE $39,599

Expense Breakdown

Grants Paid $47,000

Salaries & Benefits $0

Fundraising Expenses $289

Program Expenses $53,412

Other Expenses $7,533

TOTAL EXPENSES $54,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,599	$48,901	-0.2%
Expenses	$54,533	$80,268	-0.3%
Net Income	$-14,934	$-31,367	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
HATTIE CARWELL	CHAIRMAN	Officer Director	$0	$0	$0
HERBERT MASSIE	SECRETARY	Officer Director	$0	$0	$0
DONALD HINSON	TREASURER	Officer Director	$0	$0	$0
TIKISA ANDERSON	DIRECTOR	Director	$0	$0	$0
KNOX TULL	DIRECTOR	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	$39,599	$54,533	$581,389	$-14,934
2022	$48,901	$80,268	$534,164	$-31,367
2021	$117,582	$26,162	$712,147	$91,420
2020	$66,688	$24,745	$594,770	$41,943
2019	$38,445	$36,818	$529,354	$1,627
2018	$58,739	$29,667	$455,845	$29,072

DEVELOPMENT FUND FOR BLACK STUDENTS IN SCIENCE & TECH INC