BLACK STUDENT FUND (EIN 526053597) - 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

1964

Legal Domicile

Principal Officer

Leroy Nesbitt Jr

Phone

2023871414

Tax Period

2024-07-01 to 2025-06-30

BLACK STUDENT FUND, founded in 1964, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

The Black Student Fund (BSF) provides essential advocacy, academic and retention support to academically motivated African American and other underserved students to facilitate their access, admission and successful matriculation and graduation from member schools. BSF partners with member schools to provide financial assistance, as well as instruction, evaluations, feedback and monitoring necessary to facilitate the creation and maintenance of a supportive and responsive environment.

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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 $225,373

Program Service Revenue $58,661

Investment Income $588

Other Revenue $0

TOTAL REVENUE $284,622

Expense Breakdown

Grants Paid $17,180

Salaries & Benefits $163,154

Fundraising Expenses $12,234

Program Expenses $172,028

Other Expenses $121,577

TOTAL EXPENSES $301,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,622	$307,091	-0.1%
Expenses	$301,911	$314,602	0.0%
Net Income	$-17,289	$-7,511	+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

$61,000

Total Directors

$61,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leroy Nesbitt Jr	Executive Director	64	Officer Director	$61,000	$0	$61,000
Joel Kanter	Board Chair	5	Director	$0	$0	$0
Mark D Schneider	Trustee	1	Director	$0	$0	$0
Olutosin Aje-Adegbite	Trustee	1	Director	$0	$0	$0
Adewale Omoniyi	Trustee	0.5	Director	$0	$0	$0
Breon N Wells	Trustee	0.5	Director	$0	$0	$0
Sean A Floyd	Trustee	0.5	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
2025	$284,622	$301,911	$48,328	$-17,289
2024	$307,091	$314,602	$51,018	$-7,511
2023	$216,438	$399,047	$45,372	$-182,609
2022	$448,097	$347,224	$212,837	$100,873
2021	$422,990	$322,362	$98,859	$100,628

BLACK STUDENT FUND