BLACK ECONOMIC ALLIANCE FOUNDATION

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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

2019

Legal Domicile

Principal Officer

SAMANTHA TWEEDY

Phone

2027886888

Tax Period

2024-01-01 to 2024-12-31

BLACK ECONOMIC ALLIANCE FOUNDATION, founded in 2019, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.9M in total revenue in fiscal year 2024. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.1M, a strong 61% operating margin.

Mission

THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,511,688

FOUNDATION WORKED TO SUPPORT RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.

Program 2

Expenses: $2,971,713

CENTER FOR BLACK ENTREPRENEURSHIP - THE BLACK ECONOMIC ALLIANCE FOUNDATION, SPELMAN COLLEGE, AND MOREHOUSE COLLEGE HAVE PARTNERED TO DEVELOP THE CENTER FOR BLACK ENTREPRENEURSHIP (CBE), THE...

CENTER FOR BLACK ENTREPRENEURSHIP - THE BLACK ECONOMIC ALLIANCE FOUNDATION, SPELMAN COLLEGE, AND MOREHOUSE COLLEGE HAVE PARTNERED TO DEVELOP THE CENTER FOR BLACK ENTREPRENEURSHIP (CBE), THE FIRST-EVER ACADEMIC CENTER OF ITS KIND TO PRODUCE, TRAIN, AND SUPPORT A NEW CLASSOF BLACK ENTREPRENEURIAL TALENT.THE CBE SEEKS TO ELIMINATE THE ACCESS BARRIER BETWEEN BLACK ENTREPRENEURS, PROFESSIONAL INVESTORS, AND BUSINESS BUILDERS BY LEVERAGING EDUCATION, MENTORSHIP, ACCESS TO CAPITAL, AND OPPORTUNITY.

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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 $22,265,062

Program Service Revenue $0

Investment Income $297,446

Other Revenue $328,873

TOTAL REVENUE $22,891,381

Expense Breakdown

Grants Paid $2,347,267

Salaries & Benefits $1,995,710

Fundraising Expenses $396,938

Program Expenses $7,483,401

Other Expenses $4,471,356

TOTAL EXPENSES $8,814,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,891,381	$7,972,048	+1.9%
Expenses	$8,814,333	$12,438,564	-0.3%
Net Income	$14,077,048	$-4,466,516	-4.2%

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

$484,599

Total Directors

Key Employees

$272,004

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N ANTHONY COLES JR	DIRECTOR, PRESIDENT	6.00	Officer Director	$0	$0	$0
VICKI PALMER	DIRECTOR,TREASURER	4.90	Officer Director	$0	$0	$0
CHARLES PHILLIPS	DIRECTOR, SECRETARY	6.00	Officer Director	$0	$0	$0
TIA BREAKLEY	DIRECTOR, ASST TREASURER	2.40	Officer Director	$0	$0	$0
KNEELAND YOUNGBLOOD	DIRECTOR	1.20	Director	$0	$0	$0
ROBYN COLES	DIRECTOR	6.00	Director	$0	$0	$0
DEVAL PATRICK	DIRECTOR	1.20	Director	$0	$0	$0
BRODERICK JOHNSON	DIRECTOR	1.20	Director	$0	$0	$0
MATTIE MCFADDEN-LAWSON	DIRECTOR	0.70	Director	$0	$0	$0
RICHELIEU DENNIS	DIRECTOR	0.70	Director	$0	$0	$0
BENEREE WILEY	DIRECTOR	0.70	Director	$0	$0	$0
ROSALIND BREWER	DIRECTOR	0.70	Director	$0	$0	$0
SAMANTHA TWEEDY	CHIEF EXECUTIVE DIRECTOR	34.00	Officer	$0	$33,176	$484,599
ALAINA BEVERLY	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$0	$30,557	$272,004

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	$22,891,381	$8,814,333	$28,908,498	$14,077,048
2023	$7,972,048	$12,438,564	$15,708,685	$-4,466,516
2023	$12,905,048	$12,291,435	$16,027,539	$613,613
2022	$16,214,838	$7,586,742	$12,308,358	$8,628,096
2021	$5,116,564	$4,212,258	$4,033,079	$904,306
2020	$3,096,213	$177,069	$2,904,227	$2,919,144