THE BLACK BELT COMMUNITY FOUNDATION INC (EIN 631270745) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

FELECIA LUCKY

Phone

3348741126

Tax Period

2023-01-01 to 2023-12-31

THE BLACK BELT COMMUNITY FOUNDATION, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.0M in total revenue in fiscal year 2018. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $6.3M left a modest 11% surplus.

Mission

TO PROMOTE COMMUNITY DEVELOPMENT IN THE BLACK BELT REGION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,085,993

Program Service Revenue $0

Investment Income $94,429

Other Revenue $522,278

TOTAL REVENUE $31,702,700

Expense Breakdown

Grants Paid $3,168,075

Salaries & Benefits $6,490,117

Fundraising Expenses $140,600

Program Expenses $12,838,736

Other Expenses $5,319,803

TOTAL EXPENSES $14,977,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,702,700	$16,134,472	+1.0%
Expenses	$14,977,995	$11,755,311	+0.3%
Net Income	$16,724,705	$4,379,161	+2.8%

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

123

Volunteers

1200

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

$219,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER D GIVHAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DARLENE G ROBINSON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KHANDI FLOWERS	SECRETARY	1.00	Officer Director	$0	$0	$0
VERONICA DRAKE	TREASURER	1.00	Officer Director	$0	$0	$0
TONY CHERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN H ENGLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA M FARRIOR	BOARD MEMBER	1.00	Director	$0	$0	$0
SCHNAVIA S HATCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
CALIDA J M HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFFORD O HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMAAL HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA B LOCKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNARD RANDOLPH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT L TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARVIN W WIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
FELECIA LUCKY	PRESIDENT	40.00	Officer	$219,893	$0	$219,893
CHRISTOPHER H SPENCER	CHIEF COMMUNITY ENGAGEMENT OFFICER	40.00	Highest	$115,155	$5,248	$120,403
SERENA CHEN LOW	CHIEF OF STAFF	40.00	Highest	$112,151	$17,022	$129,173
MALIKAH SIMONE BERRY	EXECUTIVE DIRECTOR, SBGWC	40.00	Highest	$106,087	$10,584	$116,671

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	$31,702,700	$14,977,995	$29,203,021	$16,724,705
2022	$16,134,472	$11,755,311	$13,179,524	$4,379,161
2021	$9,571,772	$8,097,747	$7,710,786	$1,474,025
2020	$12,170,420	$9,127,760	$7,913,002	$3,042,660
2019	$5,736,137	$5,993,248	$2,921,537	$-257,111
2018	$7,041,648	$6,276,661	$3,499,261	$764,987

THE BLACK BELT COMMUNITY FOUNDATION INC