Baltimore, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Associated Black Charities Inc, founded in 1986, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 20% operating deficit.
| Explanation:| In 2023 Associated Black Charities ABC expanded its reach by launching new programmatic initiatives. ABC is leading the charge by offering critical programming initiatives and advocacy designed to confront structural racism. Our relevance is reflected in our current work to create equitable solutions that not only address the needs of Black communities today but also provide long-term sustainability for future generations. We are tackling the digital divide advancing leadership opportunities for young Black professionals and driving conversations around racial equity in workplaces and communities. ABC is deeply committed to advocacy work in our key focus areas: the racial wealth gap workplace discrimination education housing health equity and criminal justice reform. We actively engage in conversations with local state and national leaders to promote policies and practices that create equitable opportunities for Black people. Our work extends beyond immediate programmingwe are committed to stewarding an agenda for Black progress in Baltimore that can serve as a model for cities across the country.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,560,316 | $4,890,985 | -0.7% |
| Expenses | $1,873,020 | $5,650,941 | -0.7% |
| Net Income | $-312,704 | $-759,956 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Chris Thornton | President and CEO | 40.00 |
Key Emp
|
$205,961 | $0 | $205,961 |
| Diane Bell-McCoy | Former CEO | 0.00 |
|
$141,392 | $0 | $141,392 |
| Laurie Benner | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Cylia Lowe-Smith | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Tawana Bhagwat | Chairperson | 2.00 |
Director
|
$0 | $0 | $0 |
| Thibault Manekin | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jason Murphy | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Damien Myers MD MPH | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Christopher R Rockey | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Taber J Small | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Zed Smith | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Granville Templeton III Esq | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Tony Torain II Esq | Vice Chair | 1.00 |
Director
|
$0 | $0 | $0 |
| Allyson Black | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Michelle M Brown | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Byron T Deese | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kenneth Grant | Treasurer | 2.00 |
Director
|
$0 | $0 | $0 |
| Reginald Haysbert | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Chemo Hurley | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Bianca J Jackson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Brandon Lockett | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,560,316 | $1,873,020 | $2,572,787 | $-312,704 |
| 2023 | $2,205,183 | $1,874,785 | $2,875,473 | $330,398 |
| 2022 | $4,890,985 | $5,650,941 | $2,917,139 | $-759,956 |
| 2021 | $15,343,076 | $15,067,842 | $5,817,793 | $275,234 |
| 2020 | $20,269,879 | $20,623,091 | $6,025,108 | $-353,212 |
| 2019 | $22,000,195 | $21,926,326 | $5,066,315 | $73,869 |
| 2018 | $22,606,981 | $21,203,332 | $6,668,926 | $1,403,649 |
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