BLACK PRODUCT MANAGERS

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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

Principal Officer

AMMA BOFA

Phone

6503047627

Tax Period

2024-01-01 to 2024-12-31

BLACK PRODUCT MANAGERS, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $369K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $482K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO CONNECT UNDERREPRESENTED PROFESSIONALS TO EXPERTS, ALLIES AND RESOURCES TO SUCCEED IN THEIR CAREERS.

Program Service Accomplishments

Program 1

Expenses: $286,869 Revenue: $80,688

IN 2024, BPM MADE SIGNIFICANT STRIDES IN ADVANCING DIVERSITY WITHIN PRODUCT MANAGEMENT. WE EXPANDED OUR FLAGSHIP LEVEL UP PROGRAM, LAUNCHING NEW COHORTS SPECIFICALLY DESIGNED TO HELP BLACK PRODUCT...

IN 2024, BPM MADE SIGNIFICANT STRIDES IN ADVANCING DIVERSITY WITHIN PRODUCT MANAGEMENT. WE EXPANDED OUR FLAGSHIP LEVEL UP PROGRAM, LAUNCHING NEW COHORTS SPECIFICALLY DESIGNED TO HELP BLACK PRODUCT MANAGERS SHARPEN THEIR SKILLS AND TRANSITION INTO NEW ROLES. IN ADDITION TO OUR CORE OFFERING, WE INTRODUCED AN INTENSIVE 8-WEEK PROGRAM TAILORED FOR EXPERIENCED PMS AIMING TO MOVE INTO EXECUTIVE LEADERSHIP. ACROSS TWO COHORTS, WE RECEIVED OVER 1,000 APPLICATIONS AND ACCEPTED 125 PARTICIPANTS 95% OF WHOM SUCCESSFULLY COMPLETED THE PROGRAM. WE ALSO PARTNERED WITH MORE THAN 15 U.S.-BASED COMPANIES AND HOSTED 10 (VIRTUAL AND IN-PERSON) PRODUCT WORKSHOPS FOR OUR COMMUNITY. AS A RESULT OF THESE EFFORTS, OVER 150 UNDERREPRESENTED PRODUCT PROFESSIONALS SECURED NEW ROLES OR EARNED PROMOTIONS IN 2024 ALONE.

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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 $288,000

Program Service Revenue $80,688

Investment Income $0

Other Revenue $0

TOTAL REVENUE $368,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,486

Fundraising Expenses $0

Program Expenses $286,869

Other Expenses $272,582

TOTAL EXPENSES $482,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,688	$707,468	-0.5%
Expenses	$482,068	$717,750	-0.3%
Net Income	$-113,380	$-10,282	+10.0%

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

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

$186,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULES WALTER	CHAIRPERSON OF THE BOARD	3.00	Officer Director	$0	$0	$0
BRITTANY BANKSTON	PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN WEIL	DIRECTOR	3.00	Director	$0	$0	$0
MARYANNA QUIGGLES	DIRECTOR	3.00	Director	$0	$0	$0
AMMA BOFA	EXECUTIVE DIRECTOR	40.00	Officer	$186,000	$0	$186,000

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	$368,688	$482,068	$319,923	$-113,380
2023	$707,468	$717,750	$428,744	$-10,282
2022	$433,246	$335,952	$437,196	$97,294
2021	$367,077	$37,342	$339,325	$329,735