BLACKS OF THE CHESAPEAKE FOUNDATION INC (EIN 522278700) - 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

2002

Legal Domicile

Principal Officer

DEEDEE STRUM

Phone

4105701187

Tax Period

2024-05-01 to 2025-04-30

BLACKS OF THE CHESAPEAKE FOUNDATION INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $273K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $240K left a modest 12% surplus.

Mission

TO "ELEVATE BLACK VOICES" WITH PARTICIPATION IN LOCAL AND REGIONAL CONVERSATIONS AND RESILIENCY PLANNING FOR CLIMATE-THREATENED COMMUNITIES THAT ARE HOME TO BLACK, INDIGENOUS, PEOPLE OF COLOR WITH GENERATIONS OF LEGACY ALONG THE WATER'S EDGE. WE MAINTAIN OUR 40-YEAR COMMITMENT TO PRESERVING THE LEGACY OF AFRICANS AND THEIR DESCENDANTS AS MAJOR CONTRIBUTORS TO THE REGION'S MARITIME AND SEAFOOD INDUSTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $255,743

Program Service Revenue $16,784

Investment Income $0

Other Revenue $0

TOTAL REVENUE $272,527

Expense Breakdown

Grants Paid $1,062

Salaries & Benefits $143,557

Fundraising Expenses $0

Program Expenses $136,150

Other Expenses $95,772

TOTAL EXPENSES $240,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,527	$240,378	+0.1%
Expenses	$240,391	$226,181	+0.1%
Net Income	$32,136	$14,197	+1.3%

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
VINCENT O LEGGETT	PRESIDENT & CEO UNTIL NOV. 2024	20.00	Officer Director	$0	$0	$0
CARNELIUS JONES	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SANDRA CHAPMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
REGINALD IRBY	TREASURER	2.00	Officer Director	$0	$0	$0
DEEDEE STRUM	EXECUTIVE DIRECTOR	40.00	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
2025	$272,527	$240,391	$185,554	$32,136
2024	$240,378	$226,181	$124,418	$14,197

BLACKS OF THE CHESAPEAKE FOUNDATION INC