BLACK ROCK GLOBAL ARTS FOUNDATION INC (EIN 853261699) - 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

2020

Legal Domicile

Principal Officer

Zo Fortin

Phone

6468329218

Tax Period

2023-01-01 to 2023-12-31

BLACK ROCK GLOBAL ARTS FOUNDATION INC, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $831K, a strong 39% operating margin.

Mission

Mission of Black Rock Global Arts Foundation is to support new artistic creation through collaborative exchange and to incite change in the global discourse about what Africa means today. Our most significant program is Black Rock Senegal, an artist residency founded by Kehinde Wiley in Dakar: the residency brings together international artists to live and work in Dakar, Senegal for 1-3 month stays.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,610,564

Program Service Revenue $493,810

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,104,374

Expense Breakdown

Grants Paid $931,529

Salaries & Benefits $156,435

Fundraising Expenses $0

Program Expenses $1,202,738

Other Expenses $185,645

TOTAL EXPENSES $1,273,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,104,374	N/A	N/A
Expenses	$1,273,609	N/A	N/A
Net Income	$830,765	N/A	N/A

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

N/A

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

$4,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zo Fortin	Executive Dir.	40.00	Officer	$4,615	$0	$4,615
Brian K Jackson	Secretary	3.00	Officer Director	$0	$0	$0
Scott Andresen	Treasurer	5.00	Officer Director	$0	$0	$0
Kehinde Wiley	President	20.00	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
2024	No data	No data	No data	No data
2023	$2,104,374	$1,273,609	$825,858	$830,765
2022	$967,769	$1,094,838	$20,318	$-127,069
2021	$1,127,264	$911,668	$215,596	$215,596

BLACK ROCK GLOBAL ARTS FOUNDATION INC