NATIONAL ASSOCIATION OF BLACK ACCOUTANTS

EIN: 521977078 501(c)(3)

MERRILLVILLE, IN

Total Revenue
$387,950
Total Expenses
$277,830
Total Assets
$393,435
Net Assets
$392,609
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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
1970
Legal Domicile
IN
Tax Period
2020-07-01 to 2021-06-30

NATIONAL ASSOCIATION OF BLACK ACCOUTANTS, founded in 1970, is a small nonprofit that reported $388K in total revenue in fiscal year 2020. The organization ran a surplus of $110K, a strong 28% operating margin.

Mission

THE ASSOCIATION SHALL UNITE MEMBERSHIPS, ACCOUNTANTS, FINANCE AND BUSINESS RELATED PROFESSIONALS AND STUDENTS WHO HAVE SIMILAR INTERESTS AND IDEALS ARE COMMITTED TO PROFESSIONAL AND ACEDEMIC EXCELLENCE POSSESS A SENSE OF PROFESSIONAL AND CIVIC RESPONSIBILITY.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $387,950
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $387,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,830
Other Expenses $277,830
TOTAL EXPENSES $277,830

Year-over-Year Comparison

2020 2019 Change
Revenue $387,950 N/A N/A
Expenses $277,830 N/A N/A
Net Income $110,120 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAENITA THOMPSON MEMBER 5.00
Officer
$0 $0 $0
TUMI OLUYOLE TREASURER 0.00
Officer
$0 $0 $0
KIMBERLY SMITH MEMBER 3.00
Officer
$0 $0 $0
E ZENAI BROOKS MEMBER 10.00
Officer
$0 $0 $0
TYRELL RODGERS MEMBER 8.00
Officer
$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
2021 $387,950 $277,830 $393,435 $110,120
2020 $289,934 $255,128 $536,219 $34,806
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