IN BLACK INK (EIN 824012406) - 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

2018

Legal Domicile

Principal Officer

REKHET SI-ASAR

Phone

6124811552

Tax Period

2023-01-01 to 2023-12-31

IN BLACK INK, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $319K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $88K, a strong 28% operating margin.

Mission

IN BLACK INK PROVIDES PUBLSIHING ARTS SERVICES & OPPORTUNITIES TO COMMUNITIES THAT HAVE BEEN ECONOMICALLY DISTRESSED & DISENFRANCHISED HISTORICALLY & PRESENTLY, IBI REPAIRS ECONOMIC & EDUCATIONAL DAMAGES TO POPULATIONS CAUSED BY PAST & PRESENT PREJUDICE & DISCRIMINATION THROUGH CULTURAL LITERACY PROGRAMMING.

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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 $313,473

Program Service Revenue $5,562

Investment Income $148

Other Revenue $0

TOTAL REVENUE $319,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $298

Program Expenses $217,758

Other Expenses $230,895

TOTAL EXPENSES $231,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,183	$342,764	-0.1%
Expenses	$231,193	$137,814	+0.7%
Net Income	$87,990	$204,950	-0.6%

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

N/A

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

Total Directors

$39,881

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Metric Giles	Member	5.00	Director	$0	$0	$0
Akil Foluke	Treasurer	5.00	Director	$0	$0	$0
Sheryl Harris	Secretary	5.00	Director	$0	$0	$0
Tamehkha Usekhab	Member	5.00	Director	$0	$0	$0
Rekhet Si-Asar	Executive Director	25.00	Director	$37,606	$0	$37,606
Dr Shakita Thomas Kpetay	Member	5.00	Director	$2,275	$0	$2,275

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	No data	No data	No data	No data
2023	$319,183	$231,193	$515,547	$87,990
2022	$342,691	$133,162	$432,240	$209,529

IN BLACK INK