BLACK ABOLITION MOVEMENT FOR THE MIND INC NFP

EIN: 562473746 501(c)(3) Human Services

WAUKEGAN, IL

Total Revenue
$234,160
Total Expenses
$168,716
Total Assets
$126,188
Net Assets
$69,484
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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
2024
Principal Officer
CHRISTOPHER BLANKS
Phone
7735101713
Tax Period
2023-01-01 to 2023-12-31

BLACK ABOLITION MOVEMENT FOR THE MIND INC NFP, founded in 2024, is a small nonprofit in the Human Services sector that reported $234K in total revenue in fiscal year 2023. Revenue surged 435% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 28% operating margin.

Mission

THE MISSION OF BLACK ABOLITION MOVEMENT FOR THE MIND (B.A.M.M.) IS UPLIFTING AND ENLIGHTENMENT OF THE COMMUNITY THROUGH WORK RELATED INIITIATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $173,829
Program Service Revenue $60,325
Investment Income $6
Other Revenue $0
TOTAL REVENUE $234,160

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,346
Fundraising Expenses $0
Program Expenses $124,952
Other Expenses $119,370
TOTAL EXPENSES $168,716

Year-over-Year Comparison

2023 2022 Change
Revenue $234,160 $43,759 +4.4%
Expenses $168,716 $32,578 +4.2%
Net Income $65,444 $11,181 +4.9%
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
3
Independent Members
3
Employees
9
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
2
$15,017
Total Directors
2
$9,165
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BLANKS PRESIDENT/CEO 040.00
Officer Director
$9,165 $0 $9,165
JOSEPHINE E BLANKS SECRETARY 040.00
Officer
$5,852 $0 $5,852
PIERCE COLBERT DIRECTOR N/A
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
2023 $234,160 $168,716 $126,188 $65,444
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