HBCU CARES

EIN: 853199841 501(c)(3) Community Improvement

Birmingham, AL

Total Revenue
$853,529
Total Expenses
$603,900
Total Assets
$786,547
Net Assets
$785,803
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AL
Principal Officer
Brittany Holloman
Phone
2058213024
Tax Period
2025-01-01 to 2025-12-31

HBCU CARES, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $854K in total revenue in fiscal year 2025. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $250K, a strong 29% operating margin.

Mission

To unite a coalition of Historically Black Colleges, Community Colleges, and Universities to collaboratively harness research, expertise, and programs that create meaningful economic and workforce opportunities.

Program Service Accomplishments

Program 1
Expenses: $84,500

Innovators Fellowship & Legacy Launchpad is an entrepreneurship and innovation accelerator program designed to support students and recent alumni from Historically Black Colleges and Universities...

Read more

Innovators Fellowship & Legacy Launchpad is an entrepreneurship and innovation accelerator program designed to support students and recent alumni from Historically Black Colleges and Universities (HBCUs) and Historically Black Community Colleges (HBCCs). The fellowship provides participants with business development training, mentorship, networking opportunities, and access to resources that help transform innovative ideas into viable businesses and community-based solutions. During the program, fellows participate in workshops focused on entrepreneurship, leadership, financial literacy, business planning, and innovation. Participants also receive coaching from industry professionals and have opportunities to pitch their ventures for seed funding and other support.

Program 2
Expenses: $75,000

State Agency Talent Pipeline - The State Agency Talent Pipeline Grant Initiative is a workforce development program designed to strengthen connections between Alabama state agencies and students...

Read more

State Agency Talent Pipeline - The State Agency Talent Pipeline Grant Initiative is a workforce development program designed to strengthen connections between Alabama state agencies and students attending Historically Black Colleges and Universities (HBCUs) and Historically Black Community Colleges (HBCCs). Through institutional grants and strategic partnerships, the initiative supports career fairs, professional development workshops, internship opportunities, employer engagement activities, and workforce readiness programming. The program helps students gain exposure to careers in state government while assisting agencies in recruiting and developing a diverse and highly skilled workforce. By creating pathways to employment and increasing awareness of public sector career opportunities, the initiative advances HBCU C.A.R.E.S. mission of workforce development, economic empowerment, and expanding opportunities for students across Alabama.

Program 3
Expenses: $6,000

Birmingham Executive Class - The Executive Director participated in the Birmingham Executive Class through Momentum Leaders, a professional development and leadership training program designed to...

Read more

Birmingham Executive Class - The Executive Director participated in the Birmingham Executive Class through Momentum Leaders, a professional development and leadership training program designed to strengthen executive leadership, strategic planning, community engagement, and organizational effectiveness. The program provided opportunities for leadership development, peer learning, and collaboration with professionals from diverse sectors across Alabama. Participation in the program enhanced the Executive Directors ability to lead HBCU C.A.R.E.S., strengthen partnerships, expand organizational capacity, and advance the organizations mission of supporting workforce development, educational opportunity, and economic growth throughout the state.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $851,875
Program Service Revenue $0
Investment Income $1,654
Other Revenue $0
TOTAL REVENUE $853,529

Expense Breakdown

Grants Paid $75,100
Salaries & Benefits $122,586
Fundraising Expenses $0
Program Expenses $505,147
Other Expenses $406,214
TOTAL EXPENSES $603,900

Year-over-Year Comparison

2025 2024 Change
Revenue $853,529 $463,977 +0.8%
Expenses $603,900 $351,962 +0.7%
Net Income $249,629 $112,015 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
5

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
4
$114,203
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brittany Holloman Executive Director 40.00
Officer
$110,915 $3,288 $114,203
Perry Jones Chair 2.00
Officer Director
$0 $0 $0
Julian Grant Vice Chair 2.00
Officer Director
$0 $0 $0
Marsha Morgan Secretary & Treasurer 2.00
Officer 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 $853,529 $603,900 $786,547 $249,629
2024 $463,977 $351,962 $536,173 $112,015
2023 $429,072 $5,170 $424,158 $423,902
Explore More Nonprofits
Top 100 Nonprofits in Alabama Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HBCU CARES with other nonprofits in Alabama and across the country.