Associated Black Charities 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

1986

Legal Domicile

Principal Officer

Chris M Thornton

Phone

4106590000

Tax Period

2023-01-01 to 2023-12-31

Associated Black Charities Inc, founded in 1986, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 15% surplus.

Mission

| Explanation:| Associated Black Charities ABC is a racial equity organization that works as an educator advocate supporter and convener to address and eliminate the barriers created by structural racism and to advance long-term solutions that create new opportunities for Black people to thrive. As a catalyst for racial and economic equity ABC empowers Black communities by addressing systemic barriers to opportunity. Through advocacy education leadership development and strategic partnerships ABC strives to eliminate disparities in access to resources.

Program Service Accomplishments

Program 1

Expenses: $633,109 Revenue: $0

ABC Academy: Our leadership development program designed to empower individuals with tools and training focused on racial equity leadership and professional growth. The Academy has been instrumental...

Program 2

Expenses: $92,901 Revenue: $0

Teen Financial Literacy Summit: Designed to equip Black youth with the financial knowledge and skills needed for long-term success this summit is a critical part of our work in empowering the next...

Teen Financial Literacy Summit: Designed to equip Black youth with the financial knowledge and skills needed for long-term success this summit is a critical part of our work in empowering the next generation.

Program 3

Expenses: $52,801 Revenue: $0

Equity in Action Conference: This annual event convenes community leaders policymakers and advocates to discuss strategies for embedding equity in all areas of public life. It is a cornerstone of our...

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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 $1,806,700

Program Service Revenue $285,167

Investment Income $113,316

Other Revenue $0

TOTAL REVENUE $2,205,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,644

Fundraising Expenses $64,421

Program Expenses $849,552

Other Expenses $930,141

TOTAL EXPENSES $1,874,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,205,183	$4,890,985	-0.5%
Expenses	$1,874,785	$5,650,941	-0.7%
Net Income	$330,398	$-759,956	-1.4%

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

Total Directors

Key Employees

$205,961

Highest Compensated

reported

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

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	$2,205,183	$1,874,785	$2,875,473	$330,398
2023	$1,560,316	$1,873,020	$2,572,787	$-312,704
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