Black Music Entrepreneurship Incubator (EIN 854045973) - 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

Tax Period

2023-01-01 to 2023-12-31

Black Music Entrepreneurship Incubator, founded in 2020, is a small nonprofit that reported $743K in total revenue in fiscal year 2023. Revenue surged 22106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $274K, a strong 37% operating margin.

Mission

The education, instruction, and training of predominately black musical artists, music technology creators, and music entrepreneurs, for the purpose of improving or developing their capabilities.

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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 $859,041

Program Service Revenue $840

Investment Income $7,607

Other Revenue $-124,932

TOTAL REVENUE $742,556

Expense Breakdown

Grants Paid $35,800

Salaries & Benefits $110,336

Fundraising Expenses $3,433

Program Expenses $354,607

Other Expenses $322,240

TOTAL EXPENSES $468,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,556	$3,344	+221.1%
Expenses	$468,376	$24	+19514.7%
Net Income	$274,180	$3,320	+81.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lance Coleman	Secretary	5.00	Director	$0	$0	$0
Bryan Calhoun	Treasurer	5.00	Director	$0	$0	$0
Bosco Kante	President & CEO	40.00	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
2023	$742,556	$468,376	$610,755	$274,180
2022	$760,391	$450,196	$484,244	$310,195

Black Music Entrepreneurship Incubator