HBCU FIRST INC (EIN 843831738) - 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

2019

Legal Domicile

Principal Officer

COURTNEY GRAY

Phone

3233465339

Tax Period

2025-01-01 to 2025-12-31

HBCU FIRST INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $342K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $447K exceeded revenue, resulting in a 31% operating deficit.

Mission

HBCU FIRST IS A STUDENT-LED COMMUNITY HELPING BLACK YOUTH NAVIGATE THE COLLEGE-TO-CAREER JOURNEY. AS THE NATION'S LEADING HBCU INTERNSHIP AND MENTORING PROGRAM, HBCU FIRST ADVANCES THE WELLBEING OF STUDENTS AT OVER 70 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS).

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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 (2025)

Revenue Breakdown

Contributions & Grants $341,844

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $341,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,665

Fundraising Expenses $0

Program Expenses $406,790

Other Expenses $304,056

TOTAL EXPENSES $446,721

Year-over-Year Comparison

	2025	2024	Change
Revenue	$341,852	$457,238	-0.3%
Expenses	$446,721	$346,856	+0.3%
Net Income	$-104,869	$110,382	-2.0%

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

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

$132,000

Total Directors

$132,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY GRAY	CHAIRMAN OF	40.00	Officer Director	$132,000	$0	$132,000
JOSH BRUCE	BOARD MEMBER	2.00	Director	$0	$0	$0
DWIGHT HOWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLTON TRIOLO-SAPP	BOARD MEMBER	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
2025	$341,852	$446,721	$54,900	$-104,869
2024	$457,238	$346,856	$136,269	$110,382
2023	$417,662	$446,562	$100,887	$-28,900
2022	$391,504	$422,372	$54,787	$-30,868
2021	$199,807	$229,529	$85,655	$-29,722
2021	$276,954	$229,529	$85,655	$47,425
2020	$56,558	$21,440	$38,230	$35,118

HBCU FIRST INC