Black Socialists of America

EIN: 843589987 501(c)(3) Civil Rights & Advocacy

New York, NY

Total Revenue
$63,862
Total Expenses
$85,244
Total Assets
$228,679
Net Assets
$226,100
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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
NY
Principal Officer
Daniel Cook
Phone
6462052287
Tax Period
2023-01-01 to 2023-12-31

Black Socialists of America, founded in 2019, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $64K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 33% operating deficit.

Mission

Fight for our own and in a greater fight for humanity by organizing, educating and networking

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,862
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $63,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,602
Fundraising Expenses $8,336
Program Expenses $68,544
Other Expenses $8,642
TOTAL EXPENSES $85,244

Year-over-Year Comparison

2023 2022 Change
Revenue $63,862 $143,741 -0.6%
Expenses $85,244 $124,501 -0.3%
Net Income $-21,382 $19,240 -2.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
1

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
2
$0
Total Directors
1
$70,000
Key Employees
1
$70,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Cook Executive Director 040.00
Director Key Emp
$70,000 $0 $70,000
Jessica Judkins Treasurer 004.00
Officer
$0 $0 $0
Brandon Kine Secretary 004.00
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 $63,862 $85,244 $228,679 $-21,382
2022 $143,741 $124,501 $248,881 $19,240
2021 $169,501 $121,793 $230,288 $47,708
2020 $224,524 $66,843 $180,340 $157,681
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