BLAC INC

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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.

Program Service Accomplishments

Program 1

Expenses: $135,672

BLAC IS A TWELVE-WEEK, PAID INTERNSHIP FOR CREATIVE THINKERS THAT TAKES PLACE AT AD AGENCIES ACROSS THE COUNTRY. INTERNS PARTICIPATE IN SHARED EXPERIENCES WITH SHARED RESOURCES AND PROJECTS, AND UPON COMPLETION OF THE PROGRAM BECOME PART OF A NETWORK OF PEERS AND AGENCY LEADERS WHO WILL CONTINUE TO PROVIDE SUPPORT THROUGHOUT THEIR CAREERS. WE ARE A CHAMPION FOR THE MORE DIVERSE AND INCLUSIVE ADVERTISING INDUSTRY OF THE FUTURE AND SEEK TO INSPIRE AND BE INSPIRED BY A NEW GENERATION OF BLACK TALENT. BLAC IS COMMITTED TO PROVIDING SAFE AND COMFORTABLE ENVIRONMENTS WHERE ALL VOICES ARE RESPECTED AND HEARD.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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