BERKSHIRE BLACK ECONOMIC COUNCIL INC (EIN 854196468) - 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

2021

Legal Domicile

Principal Officer

ALFRED KWESI ENCHILL JR

Phone

4133449112

Tax Period

2024-01-01 to 2024-12-31

BERKSHIRE BLACK ECONOMIC COUNCIL INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $705K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $236K, a strong 33% operating margin.

Mission

AID AND AVOCATE FOR ECONOMIC DEVELOPMENT OF BLACK OWNED BUSINESSES THROUGH EDUCATION, NEIGHBORHOOD REVITALIZATION, ARTS, RECRUITMENT AND SUPPORT.

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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 $705,223

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $705,223

Expense Breakdown

Grants Paid $45,143

Salaries & Benefits $273,508

Fundraising Expenses $50,493

Program Expenses $372,849

Other Expenses $150,683

TOTAL EXPENSES $469,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,223	$807,403	-0.1%
Expenses	$469,334	$605,940	-0.2%
Net Income	$235,889	$201,463	+0.2%

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

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

$132,197

Total Directors

$132,197

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED KWESI ENCHILL JR	EXECUTIVE DIRECTOR & PRESIDENT	40.00	Officer Director	$101,636	$30,561	$132,197
NYANNA SLAUGHTER	TREASURER	3.00	Officer Director	$0	$0	$0
DR EMMANUAEL BILE	CLERK	3.00	Officer Director	$0	$0	$0
MICHAEL WYNN	DIRECTOR	3.00	Director	$0	$0	$0
WARREN DEWS DEWS III	BOARD MEMBER	3.00	Director	$0	$0	$0
ALFRED ENCHILL SR	BOARD MEMBER	3.00	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	$705,223	$469,334	$789,909	$235,889
2023	$807,403	$605,940	$607,599	$201,463
2022	$479,736	$186,773	$351,958	$292,963

BERKSHIRE BLACK ECONOMIC COUNCIL INC