Lee County Black History Society I… - Form 990 Financial Data

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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

1993

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Lee County Black History Society Inc, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2023. The organization ran a surplus of $117K, a strong 44% operating margin.

Mission

To preserve and commemorate the cultural and educational contributions by both locally and nationally known Black People.

Program Service Accomplishments

Program 1

Expenses: $115,696

Grants received provides resources for improvement of the Williams Academy Black History museum historical displays, help fund traveling exhibits, special event sponsorships and activities hosted at Roberto Clemente Park. This grant helps Lee County Black History Society (LCBHS) provide high quality cultural and educational events, programming, and exhibits that develop and entertain participating community members. Events and programs are designed to unify the community so that people can enjoy a greater standard of, purposeful, and fulfilling life. Approximately 2200 people participated in the programs,events and activities.

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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 $261,561

Program Service Revenue $3,411

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,528

Fundraising Expenses $16,054

Program Expenses $115,696

Other Expenses $76,398

TOTAL EXPENSES $147,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,972	N/A	N/A
Expenses	$147,926	N/A	N/A
Net Income	$117,046	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Herbia Green	Secretary Director	2.00	Officer Director	$0	$0	$0
Harriet Myers	Treasurer Director	5.00	Officer Director	$0	$0	$0
Charles Barnes	Chairman Director	6.00	Officer Director	$0	$0	$0
Ford Lee	Vice Chairman Director	2.00	Officer 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	$264,972	$147,926	$185,250	$117,046

Lee County Black History Society Inc