BLACK IRIS SOCIAL CLUB (EIN 821019063) - 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

2017

Legal Domicile

Principal Officer

DAVID JACKSON

Phone

8045392213

Tax Period

2023-01-01 to 2023-12-31

BLACK IRIS SOCIAL CLUB, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $175K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE THE OPPORTUNITY FOR PERSONAL CONTACT BETWEEN INDIVIDUALS, WHO ARE BOUND TOGETHER BY THE COMMON OBJECTIVE OF SHARING CONVERSATION, LIBATION, AND INTELLECTUAL DISCOURSE WHILE SOCIALIZING AND EXPLORING INTERESTING AND/OR PROVOCATIVE MUSIC, VISUAL MEDIA, LITERATURE, HISTORICAL INFORMATION, RECREATIONAL ACTIVITIES AND OTHER FORMS OF ART AND EXPRESSION WHILE CULTIVATING SHARED SOURCES OF MEANING AND VALUE.

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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 $0

Program Service Revenue $49,193

Investment Income $0

Other Revenue $126,564

TOTAL REVENUE $175,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,283

Fundraising Expenses $0

Other Expenses $150,091

TOTAL EXPENSES $187,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,757	$175,248	+0.0%
Expenses	$187,374	$179,591	+0.0%
Net Income	$-11,617	$-4,343	+1.7%

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

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

$11,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JACKSON	PRESIDENT	5.00	Officer	$11,833	$0	$11,833
JUSTIN BAILEY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
NICHOLAS CLINCH	TREASURER	2.00	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
2023	$175,757	$187,374	$22,764	$-11,617
2022	$175,248	$179,591	$23,003	$-4,343

BLACK IRIS SOCIAL CLUB