BLACK IMPACT COLLABORATIVE

EIN: 854327761 501(c)(3) Human Services

GRAND RAPIDS, MI

Total Revenue
$194,556
Total Expenses
$380,611
Total Assets
$246,869
Net Assets
$146,869
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Tax Period
2023-01-01 to 2023-12-31

BLACK IMPACT COLLABORATIVE, founded in 2021, is a small nonprofit in the Human Services sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $381K exceeded revenue, resulting in a 96% operating deficit.

Mission

THE BLACK IMPACT COLLABORATIVE IS A GROUP OF ORGANIZATIONS FORMED TO IDENTIFY AND ILLUMINATE THE NEEDS OF BLACK PEOPLE IN GREATER GRAND RAPIDS IN LIGHT OF THE COVID-19 PANDEMIC AND BEYOND.

Program Service Accomplishments

Program 1
Expenses: $348,053 Revenue: $194,474

BLACK IMPACT COLLABORATIVE IMPACT AREAS: COVID-19 RESPONSE FUND, A RESPONSIVE COMMUNICATIONS PLATFORM, HEALTH & WELL-BEING OF BLACK GREATER GRAND RAPIDS, ECONOMIC SECURITY FOR BLACK GREATER GRAND...

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BLACK IMPACT COLLABORATIVE IMPACT AREAS: COVID-19 RESPONSE FUND, A RESPONSIVE COMMUNICATIONS PLATFORM, HEALTH & WELL-BEING OF BLACK GREATER GRAND RAPIDS, ECONOMIC SECURITY FOR BLACK GREATER GRAND RAPIDS, POSITIVE EDUCATIONAL OUTCOMES FOR BLACK CHILDREN & YOUTH OF BLACK GREATER GRAND RAPIDS, BLACK GREATER GRAND RAPIDS PERSONS WHO ARE INCARCERATED AND BLACK ELDERS OF BLACK GREATER GRAND RAPIDS ARE CARED FOR SAFE AND PROTECTED

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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 $194,474
Program Service Revenue $0
Investment Income $0
Other Revenue $82
TOTAL REVENUE $194,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $348,053
Other Expenses $380,611
TOTAL EXPENSES $380,611

Year-over-Year Comparison

2023 2022 Change
Revenue $194,556 $675,000 -0.7%
Expenses $380,611 $671,688 -0.4%
Net Income $-186,055 $3,312 -57.2%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
50

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
5
$24,500
Total Directors
14
$24,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALTER BRAME 1ST VICE CHAIR 15.00
Officer Director
$24,500 $0 $24,500
JIMMIE TAYLOR DIRECTOR 0.50
Director
$0 $0 $0
JESSIE JONES DIRECTOR 0.50
Director
$0 $0 $0
ATTAH OBANDE DIRECTOR 0.50
Director
$0 $0 $0
TERESA WEATHERALL NEAL DIRECTOR 0.50
Director
$0 $0 $0
TANELL HILLS DIRECTOR 0.50
Director
$0 $0 $0
NADIA BRIGHAM DIRECTOR 0.50
Director
$0 $0 $0
TASHA BLACKMON DIRECTOR 0.50
Director
$0 $0 $0
ALVIN HILLS IV DIRECTOR 0.50
Director
$0 $0 $0
EULA GADDIS DIRECTOR 0.50
Director
$0 $0 $0
DALLAS LENEAR CHAIR 0.50
Officer Director
$0 $0 $0
VENEESE CHANDLER 2ND VICE CHAIR 0.50
Officer Director
$0 $0 $0
SHATAWN BRIGHAM TREASURER 0.50
Officer Director
$0 $0 $0
KENISHA DORSEY SECRETARY 0.50
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 $194,556 $380,611 $246,869 $-186,055
2022 $675,000 $671,688 $237,313 $3,312
2021 $273,000 $38,999 $234,001 $234,001
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