BLACK IN AI (EIN 824062920) - 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

Phone

8622154674

Tax Period

2023-01-01 to 2023-12-31

BLACK IN AI, founded in 2018, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 13% surplus.

Mission

Black in AI aims to broaden the range of voices contributing to the development, deployment, and regulation of AI technology. With a global community of over 5900 members across 117 countries, our initiatives offer invaluable resources.

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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 $1,214,467

Program Service Revenue $0

Investment Income $11,037

Other Revenue $0

TOTAL REVENUE $1,225,504

Expense Breakdown

Grants Paid $230,503

Salaries & Benefits $302,703

Fundraising Expenses $38,542

Program Expenses $768,393

Other Expenses $537,591

TOTAL EXPENSES $1,070,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,225,504	$1,610,068	-0.2%
Expenses	$1,070,797	$759,819	+0.4%
Net Income	$154,707	$850,249	-0.8%

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

$196,754

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gelyn Watkins	CEO	40.00	Officer	$190,000	$6,754	$196,754
Simone Bartlett	Treasurer	7.00	Director	$0	$0	$0
Sanmi Koyejo	President	12.00	Officer Director	$0	$0	$0
Ezinne Nwankwo	Secretary	6.00	Director	$0	$0	$0
Afua Bruce	Director	2.00	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
2024	No data	No data	No data	No data
2023	$1,225,504	$1,070,797	$2,823,393	$154,707
2022	$1,610,068	$759,819	$2,610,346	$850,249
2021	$1,000,957	$62,538	$1,757,090	$938,419
2020	$933,898	$93,774	$818,594	$840,124
2019	$510,452	$665,636	$57,548	$-155,184
2018	$294,827	$161,191	$133,743	$133,636

BLACK IN AI