BLACKSTAR PROJECTS INC (EIN 753129761) - 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

2003

Legal Domicile

Principal Officer

MAORI KARMAEL HOLMES

Phone

2676032755

Tax Period

2024-01-01 to 2024-12-31

BLACKSTAR PROJECTS INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

PROMOTING FILM AND VISUAL CULTURE BY PEOPLE OF COLOR, BLACKSTAR IS FOCUSED ON CREATING THE SPACES AND RESOURCES NEEDED TO UPLIFT THE WORK OF BLACK, BROWN AND INDIGENOUS ARTISTS WORKING OUTSIDE OF THE CONFINES OF GENRE.

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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 $3,371,071

Program Service Revenue $264,697

Investment Income $22,375

Other Revenue $17,523

TOTAL REVENUE $3,675,666

Expense Breakdown

Grants Paid $337,468

Salaries & Benefits $2,544,401

Fundraising Expenses $664,320

Program Expenses $3,303,333

Other Expenses $1,858,557

TOTAL EXPENSES $4,740,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,675,666	$4,991,696	-0.3%
Expenses	$4,740,426	$5,786,380	-0.2%
Net Income	$-1,064,760	$-794,684	+0.3%

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

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

$399,334

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE C BEEK	CO-CHAIR	8.00	Officer Director	$0	$0	$0
SEKOU CAMPBELL	CO-CHAIR	1.00	Officer Director	$0	$0	$0
AMANDA BRANSON GILL	TREASURER	1.00	Officer Director	$0	$0	$0
TAYYIB SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
SUNANDA GHOSH	DIRECTOR	1.00	Director	$0	$0	$0
TED PASSON	DIRECTOR	1.00	Director	$0	$0	$0
MAORI KARMAEL HOLMES	ARTISTIC DIRECTOR & CEO	40.00	Officer	$225,000	$13,649	$238,649
IMRAN SIDDIQUEE	CHIEF COMMUNICATIONS OFFICER	40.00	Officer	$148,857	$11,828	$160,685
SWABREEN BAKR	MARKETING & ENGAGEMENT DIRECTOR	40.00	Highest	$101,078	$11,303	$112,381
NEHAD KHADER	FESTIVAL DIRECTOR	40.00	Highest	$101,192	$11,008	$112,200
CATHERINE LEE	CHIEF OPERATIONS OFFICER	40.00	Highest	$121,635	$11,261	$132,896
AUTUMN VALDEZ	BUSINESS DIRECTOR	40.00	Highest	$101,962	$11,879	$113,841

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	$3,675,666	$4,740,426	$3,492,918	$-1,064,760
2023	$4,991,696	$5,786,380	$4,702,471	$-794,684
2022	$5,152,810	$3,796,085	$5,546,062	$1,356,725
2021	$4,267,503	$2,740,286	$3,931,726	$1,527,217
2020	$2,653,110	$991,394	$2,088,938	$1,661,716
2019	$739,905	$522,477	$249,180	$217,428
2018	$474,086	$455,652	$31,752	$18,434
2017	$290,516	$323,110	$13,318	$-32,594

BLACKSTAR PROJECTS INC