Black Innovation Alliance (EIN 852734195) - 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

Principal Officer

Kelly Burton

Tax Period

2024-01-01 to 2024-12-31

Black Innovation Alliance is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $5.1M left a modest 9% surplus.

Mission

Our mission is to provide access to the innovation economy.

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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 $5,568,974

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,568,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,116,244

Fundraising Expenses $15,000

Program Expenses $4,541,754

Other Expenses $2,930,147

TOTAL EXPENSES $5,061,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,568,974	$3,614,059	+0.5%
Expenses	$5,061,391	$3,555,190	+0.4%
Net Income	$507,583	$58,869	+7.6%

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

$508,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Burton	President & CEO	40.00	Officer	$243,360	$0	$243,360
Jenna K Scott	COO	40.00	Officer	$135,772	$0	$135,772
Tammy Charles	Foundation Mgr.	40.00	Officer	$129,544	$0	$129,544
Dustin Shay	Trustee	0.00	Director	$0	$0	$0
Tonya Williams	Trustee	0.00	Director	$0	$0	$0
LeShawnda Larkin	Trustee	0.00	Director	$0	$0	$0
Lauren Ruffin	Trustee	0.00	Director	$0	$0	$0
Erin Horne McKinney	Trustee	0.00	Director	$0	$0	$0
Hermione Melone	President	0.00	Officer	$0	$0	$0
Preston James	Treasurer	0.00	Officer	$0	$0	$0
Aniyia Williams	Secretary	0.00	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
2024	$5,568,974	$5,061,391	$1,374,398	$507,583
2023	$3,609,587	$3,554,223	$855,367	$55,364
2022	$2,160,288	$2,317,753	$768,740	$-157,465

Black Innovation Alliance