INSTITUTE FOR BLACK CHARITIES INC (EIN 522018919) - 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

1997

Legal Domicile

Principal Officer

TIMOTHY BRACEY

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR BLACK CHARITIES INC, founded in 1997, is a micro nonprofit in the Community Improvement sector that reported $62K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $81K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO SUPPORT CHARITABLE PROGRAMS THAT IMPROVE THE LIVING CONDITIONS FOR BLACK CHILDREN, FAMILIES AND IMPOVERISHED COMMUNITIES WORLDWIDE THROUGH ECONOMIC INITIATIVES, CRISIS RELIEF EFFORTS, EDUCATIONAL INITIATIVES, TRAINING/OUTREACH AND REFERRAL SERVICES.

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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 $59,500

Program Service Revenue $2,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,710

Fundraising Expenses $0

Program Expenses $72,904

Other Expenses $16,060

TOTAL EXPENSES $80,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,000	$72,000	-0.1%
Expenses	$80,770	$77,102	+0.0%
Net Income	$-18,770	$-5,102	+2.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLENE TAYLOR	PRESIDENTCEO	40.00	Director Key Emp	$0	$0	$0
DONALD CHANDLER	DIRECTOR	10.00	Director	$0	$0	$0
MICHELLE FULBRIGHT	SECRETARYTREASURER	15.00	Officer Director	$0	$0	$0
TIMOTHY BRACEY	CHAIRMAN	10.00	Officer Director	$0	$0	$0
THOMAS CARPENTER	DIRECTOR	10.00	Officer 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	$62,000	$80,770	$87,765	$-18,770
2022	$72,000	$77,102	$106,535	$-5,102
2021	$93,876	$68,352	$111,637	$25,524
2020	$74,600	$61,899	$86,113	$12,701
2019	$56,154	$58,884	$73,412	$-2,730
2018	$86,920	$105,081	$76,142	$-18,161

INSTITUTE FOR BLACK CHARITIES INC