BLAC INC

EIN: 854258202 501(c)(3) Employment

CHICAGO, IL

Total Revenue
$436,224
Total Expenses
$417,003
Total Assets
$138,721
Net Assets
$115,599
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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
Principal Officer
CHRISTOPHER WITHERSPOON
Tax Period
2023-01-01 to 2023-12-31

BLAC INC, founded in 2021, is a small nonprofit in the Employment sector that reported $436K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $417K left a modest 4% surplus.

Mission

TO BRING MORE YOUNG BLACK PEOPLE INTO ADVERTISING, ENSURING THEY CAN FULLY EXPRESS THEMSELVES, FIND COMMUNITY, AND ULTIMATELY LEAD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $435,941
Investment Income $283
Other Revenue $0
TOTAL REVENUE $436,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,061
Fundraising Expenses $0
Program Expenses $417,003
Other Expenses $246,942
TOTAL EXPENSES $417,003

Year-over-Year Comparison

2023 2022 Change
Revenue $436,224 $281,717 +0.5%
Expenses $417,003 $205,855 +1.0%
Net Income $19,221 $75,862 -0.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTY HILER SECREARY N/A
Officer Director
$0 $0 $0
AVIGAIL SCHLOSSER TREASURER N/A
Officer Director
$0 $0 $0
CHRISTOPHER WITHERSPOON CHAIRMAN N/A
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 $436,224 $417,003 $138,721 $19,221
2022 $281,717 $205,855 $101,528 $75,862
2021 $155,241 $134,725 $21,161 $20,516
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