THE BLEXIT FOUNDATION INC (EIN 833032236) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

CANDACE OWENS

Phone

6514724392

Tax Period

2023-01-01 to 2023-05-31

THE BLEXIT FOUNDATION INC, founded in 2018, is a small nonprofit that reported $275K in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 376% operating deficit.

Mission

BLEXIT FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO THE ADVANCEMENT OF URBAN AND MINORITY COMMUNITIES BY ENCOURAGING YOUTH TO SEEK AND TAKE ADVANTAGE OF OPPORTUNITIES IN 21ST CENTURY AMERICA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $268,844

Program Service Revenue $0

Investment Income $3,704

Other Revenue $1,990

TOTAL REVENUE $274,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,745

Fundraising Expenses $237,066

Program Expenses $629,788

Other Expenses $728,296

TOTAL EXPENSES $1,306,443

Year-over-Year Comparison

	2022	2021	Change
Revenue	$274,538	$2,906,245	-0.9%
Expenses	$1,306,443	$4,626,471	-0.7%
Net Income	$-1,031,905	$-1,720,226	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE OWENS	PRESIDENT & DIRECTOR	30.00	Officer Director	$0	$0	$0
BRANDON TATUM	VICE PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
DOUG DEASON	BOARD MEMBER	5.00	Director	$0	$0	$0
LAURENCE ELDER	BOARD MEMBER	5.00	Director	$0	$0	$0
REBEKAH MERCER	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID PANTON	BOARD MEMBER	5.00	Director	$0	$0	$0
BOB WHEATLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
GEORGE FARMER	TREASURER	30.00	Officer	$0	$0	$0
MELISSA NUNEZ	CHIEF OPERATIONS OFFICER	40.00	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	$274,538	$1,306,443	No data	$-1,031,905
2022	$2,906,245	$4,626,471	$1,311,227	$-1,720,226
2021	$2,396,593	$3,321,727	$2,991,862	$-925,134
2020	$7,449,259	$5,114,569	$3,752,626	$2,334,690
2019	$873,697	$188,219	$688,266	$685,478

THE BLEXIT FOUNDATION INC