BLACK LIBERATED ARTS CENTER INC

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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

1971

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

BLACK LIBERATED ARTS CENTER INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2022. Expenses of $277K exceeded revenue, resulting in a 16% operating deficit.

Mission

AFRICAN AMERICAN ARTS EXPOSURE IN OKLAHOMA

Program Service Accomplishments

Program 1

Expenses: $72,847

ANNUAL CHARLIE CHRISTIAN JAZZ FESTIVAL 3 DAY EVENT

Program 2

Expenses: $27,144

ANNUAL RECOGNITION DINNER WITH PERFORMERS AND GUEST SPEAKERS

Program 3

Expenses: $15,298

CONDUCTED WORKSHOPS AND CONFERENCES AND MASTER CLASSES FOR THE COMMUNITY AND TEACHERS ON ARTS INTEGRATION IN EDUCATION AND THE CLASSROOM

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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 (2022)

Revenue Breakdown

Contributions & Grants $239,785

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,785

Expense Breakdown

Grants Paid $500

Salaries & Benefits $71,797

Fundraising Expenses $0

Program Expenses $179,783

Other Expenses $204,790

TOTAL EXPENSES $277,087

Year-over-Year Comparison

	2022	2021	Change
Revenue	$239,785	N/A	N/A
Expenses	$277,087	N/A	N/A
Net Income	$-37,302	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
ANGELA SCOBEY	DIRECTOR	0.00	Director	$0	$0	$0
PASTOR DERRICK SCOBEY	ADVISORY BOARD MEMBER	0.00	Director	$0	$0	$0
DR KEITH HARDIMAN	ADVISORY BOARD MEMBER	0.00	Director	$0	$0	$0
DR AUTUMN BROWN	DIRECTOR	0.00	Director	$0	$0	$0
MARY ANN MOORE	DIRECTOR	0.00	Director	$0	$0	$0
LARRY NAFF	DIRECTOR	0.00	Director	$0	$0	$0
MAVIA HARDIMAN	DIRECTOR	0.00	Director	$0	$0	$0
ERIKA ARBERTHA	DIRECTOR	0.00	Director	$0	$0	$0
EZEKIEL JENKINS	ADVISORY BOARD MEMBER	0.00	Director	$0	$0	$0
ANITA G ARNOLD	EXECUTIVE DIRECTOR	60.00	Director	$0	$0	$0
DR ROSEMARY HARKINS	TREASURER	0.00	Officer	$0	$0	$0
VIVIANETTE LEWIS	SECRETARY	0.00	Officer	$0	$0	$0
GARLAND PRUITT	FIRST VICE PRESIDENT	0.00	Officer	$0	$0	$0
DR GLORIA ANDERSON	PRESIDENT	0.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$239,785	$277,087	$128,011	$-37,302
2021	$264,873	$173,549	$173,191	$91,324
2019	$213,076	$187,067	$32,602	$26,009