BLACK CULTURAL ZONE COMMUNITY DEVELOPMENT CORPORATION (EIN 843885205) - 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

CAROLYN JOHNSON

Phone

5104700183

Tax Period

2024-07-01 to 2025-06-30

BLACK CULTURAL ZONE COMMUNITY DEVELOPMENT CORPORATION, founded in 2019, is a mid-sized nonprofit in the Community Improvement sector that reported $20.1M in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.0M, a strong 55% operating margin.

Mission

THE MISSION OF THE BLACK CULTURAL ZONE CDC IS TO UNAPOLOGETICALLY CENTER BLACK ARTS, CULTURE, AND ECONOMICS AS WE COLLECTIVELY DESIGN, RESOURCE, TRANSFORM, AND BUILD COLLECTIVE POWER FOR OUR COMMUNITIES.

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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 $19,815,477

Program Service Revenue $0

Investment Income $323,134

Other Revenue $3,397

TOTAL REVENUE $20,142,008

Expense Breakdown

Grants Paid $1,635,060

Salaries & Benefits $4,262,085

Fundraising Expenses $180,355

Program Expenses $6,466,912

Other Expenses $3,203,221

TOTAL EXPENSES $9,100,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,142,008	$10,037,705	+1.0%
Expenses	$9,100,366	$5,287,066	+0.7%
Net Income	$11,041,642	$4,750,639	+1.3%

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

128

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

$545,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE MCDANIEL	BOARD CO-CHAIR	0.50	Officer Director	$0	$0	$0
JANINE NIXON	BOARD CO-CHAIR	0.50	Officer Director	$0	$0	$0
AMANDA ELLIOT	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
HOWARD OLIVER	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
BERNIDA REAGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
CREIGHTON DAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
DAMIEN MCDUFFIE	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN TAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLYN JOHNSON	CEO	40.00	Officer	$299,522	$118	$299,640
LANETHA OLIVER	COO	40.00	Officer	$189,844	$8,729	$198,573
MICHAEL GASTON	CFO	40.00	Officer	$15,104	$0	$15,104
NINA WOODRUFF	DEPUTY CEO	40.00	Officer	$6,743	$0	$6,743
REGINA DAVIS	DEPUTY CEO	40.00	Officer	$25,385	$0	$25,385
DEREK FLETCHER	DIRECTOR OF STRATEGIC INITIATIVES	40.00	Highest	$116,029	$0	$116,029
ARI CURRY	ASSOCIATE MANAGER	40.00	Highest	$101,428	$0	$101,428

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	$20,142,008	$9,100,366	$26,217,079	$11,041,642
2024	No data	No data	No data	No data
2023	$4,746,277	$4,496,383	$3,402,069	$249,894
2022	$4,547,731	$2,673,442	$2,867,031	$1,874,289
2021	$2,134,484	$1,683,206	$1,175,984	$451,278
2020	$536,500	$125,301	$411,199	$411,199

BLACK CULTURAL ZONE COMMUNITY DEVELOPMENT CORPORATION