BLACK IMPACT COMMUNITY FUND INC (EIN 853525884) - 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

SHERRI FRANCOIS

Phone

3233064648

Tax Period

2023-01-01 to 2023-12-31

BLACK IMPACT COMMUNITY FUND INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $479K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $289K, a strong 60% operating margin.

Mission

TO ADDRESS RACIAL WEALTH AND TECHNOLOGICAL INEQUALITY BY PROVIDING UNDERSERVED COMMUNITIES AND MARGINALIZED GROUPS WITH EDUCATIONAL PROGRAMS, CAREER SUPPORT AND OTHER RESOURCES LIKE FINANCIAL COUNSELING THAT WILL HELP THEM BUILD THE SKILLS TO DECREASE MULTIGENERATIONAL POVERTY AND BUILD GENERATIONAL WEALTH.

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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 $479,139

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $479,139

Expense Breakdown

Grants Paid $123,148

Salaries & Benefits $0

Fundraising Expenses $15,438

Program Expenses $163,286

Other Expenses $67,009

TOTAL EXPENSES $190,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,139	$530,164	-0.1%
Expenses	$190,157	$76,203	+1.5%
Net Income	$288,982	$453,961	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI FRANCOIS	PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE MAHURIN	SECRETARY & GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
JOE EL RADY	CFO	1.00	Officer Director	$0	$0	$0
WILLIAM O'NEIL	DIRECTOR OF CAPITAL MARKET	1.00	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	$479,139	$190,157	$654,809	$288,982
2022	$530,164	$76,203	$454,961	$453,961

BLACK IMPACT COMMUNITY FUND INC