BLACK ACADEMY OF ARTS AND LETTERS INC (EIN 751609410) - 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

1977

Legal Domicile

Principal Officer

Curtis King

Phone

2147432440

Tax Period

2024-09-01 to 2025-08-31

BLACK ACADEMY OF ARTS AND LETTERS INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

The Black Academy of Arts and Letters, Inc. TBAAL is a multi-discipline arts organization whose mission is to create and enhance awareness and understanding of artistic, cultural, and aesthetic differences utilizing

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,562,100

Program Service Revenue $2,375,250

Investment Income $34,143

Other Revenue $0

TOTAL REVENUE $3,971,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,859

Fundraising Expenses $5,100

Program Expenses $4,006,179

Other Expenses $3,664,162

TOTAL EXPENSES $4,192,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,971,493	$4,590,815	-0.1%
Expenses	$4,192,021	$4,724,258	-0.1%
Net Income	$-220,528	$-133,443	+0.7%

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

336

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

$108,700

Total Directors

$108,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis King	President Founder	040.00	Officer Director	$108,700	$0	$108,700
Bob Thomas	Chair	002.00	Officer Director	$0	$0	$0
Gwendolyn Hunt	Member	001.00	Director	$0	$0	$0
Albertus Lewis	Member	001.00	Director	$0	$0	$0
Oscar Faye Williams	Member	001.00	Director	$0	$0	$0
LaKeitha Anderson	Member	001.00	Director	$0	$0	$0
Kwamme Anderson	Member	001.00	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
2025	$3,971,493	$4,192,021	$1,345,737	$-220,528
2024	$4,590,815	$4,724,258	$1,516,785	$-133,443
2023	$2,945,343	$2,614,072	$2,075,244	$331,271
2022	$3,269,648	$2,473,195	$1,645,572	$796,453
2021	$1,114,898	$777,690	$1,007,251	$337,208
2020	$745,803	$824,404	$139,241	$-78,601
2019	$1,734,379	$1,718,432	$205,976	$15,947
2018	$1,970,068	$2,261,134	$141,826	$-291,066

BLACK ACADEMY OF ARTS AND LETTERS INC