BAC Funding Consortium Inc (EIN 592425541) - 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

1982

Legal Domicile

Principal Officer

Ronald Frazier

Phone

3056933550

Tax Period

2023-01-01 to 2023-12-31

BAC Funding Consortium Inc, founded in 1982, is a small nonprofit that reported $180K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 18% operating margin.

Mission

The Consortium was formed to offer an alternative method for financial institutions to participate in the economic revitalization of the African-American community.

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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 $0

Program Service Revenue $178,327

Investment Income $169

Other Revenue $1,350

TOTAL REVENUE $179,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,144

Other Expenses $147,144

TOTAL EXPENSES $147,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,846	$130,736	+0.4%
Expenses	$147,144	$128,027	+0.1%
Net Income	$32,702	$2,709	+11.1%

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

N/A

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
Ronald Frazier	Chairman	2.00	Officer Director	$0	$0	$0
Otto Latimer	Secretary	2.00	Officer Director	$0	$0	$0
Miguel Rasco	Director	1.00	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	$179,846	$147,144	$2,198,892	$32,702
2022	$130,736	$128,027	$2,166,190	$2,709
2021	$137,943	$126,093	$2,163,481	$11,850
2020	$125,912	$153,081	$2,151,631	$-27,169
2019	$105,835	$162,000	$2,178,800	$-56,165
2018	$90,844	$165,433	$2,234,965	$-74,589

BAC Funding Consortium Inc