IN THE BLK COALITION INC

EIN: 851646737 501(c)(3)

New York, NY

Total Revenue
$239,614
Total Expenses
$213,616
Total Assets
$22,269
Net Assets
$22,269
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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
2020
Legal Domicile
NY
Principal Officer
Victor Glemaud
Phone
9175185404
Tax Period
2022-01-01 to 2022-12-31

IN THE BLK COALITION INC, founded in 2020, is a small nonprofit that reported $240K in total revenue in fiscal year 2022. Revenue surged 5081% from the prior year, signaling strong growth momentum. Expenses of $214K left a modest 11% surplus.

Mission

In the Blk Coalition's mission is to collectively unify, build solidarity and economic independence for Black individuals in the global fashion industry.

Program Service Accomplishments

Program 1
Expenses: $196,243 Revenue: $239,614

Promoted Black individuals in the fashion industry.

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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 (2022)

Revenue Breakdown

Contributions & Grants $239,614
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $239,614

Expense Breakdown

Grants Paid $45,000
Salaries & Benefits $161,236
Fundraising Expenses $0
Program Expenses $196,243
Other Expenses $7,380
TOTAL EXPENSES $213,616

Year-over-Year Comparison

2022 2021 Change
Revenue $239,614 $4,625 +50.8%
Expenses $213,616 $17,799 +11.0%
Net Income $25,998 $-13,174 -3.0%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$151,271
Key Employees
1
$151,271
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victor Glemaud President 5
Director Key Emp Highest
$151,271 $0 $151,271
Chris Chambers Board Member 2
Director
$0 $0 $0
Abrima Erwiah Board Member 2
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
2022 $239,614 $213,616 $22,269 $25,998
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