Black Design Collective (EIN 831150486) - 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

Kevan Hall

Phone

3104628824

Tax Period

2024-01-01 to 2024-12-31

Black Design Collective, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $295K left a modest 6% surplus.

Mission

The Black Design Collective seeks to amplify the influence of and create opportunities for the community of Black apparel, accessory, and costume designers within the United States. Through Mentorship, Advanced Entrepreneurship Education and Training, Scholarships, and Community Activations, the BDC aims to foster an independent, ethical, and self-sustaining Black fashion community.

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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 $124,979

Program Service Revenue $9,794

Investment Income $0

Other Revenue $180,575

TOTAL REVENUE $315,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $41,678

Program Expenses $79,418

Other Expenses $295,070

TOTAL EXPENSES $295,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,348	$233,005	+0.4%
Expenses	$295,070	$238,485	+0.2%
Net Income	$20,278	$-5,480	-4.7%

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

N/A

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas J Walker	Treasurer	14.00	Officer	$0	$0	$0
Kevan Hall	President	12.00	Officer	$0	$0	$0
Deborah Lee Hall	Secretary	11.00	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
2024	$315,348	$295,070	$113,191	$20,278
2023	$233,005	$238,485	$87,436	$-5,480

Black Design Collective