CHELSEA BLACK COMMUNITY (EIN 861966422) - 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

Phone

6178881602

Tax Period

2022-01-01 to 2022-12-31

CHELSEA BLACK COMMUNITY, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $212K in total revenue in fiscal year 2022.

Mission

1.Provide vaccination assistance for the potential elimination of COVID-19 and its resulting illnesses and deaths throughout our community. 2. Provide workforce development education and training to low-income and economically disadvantged community members in careers primarily in the skilled trades fields.

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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 (2022)

Revenue Breakdown

Contributions & Grants $212,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,444

Fundraising Expenses $0

Program Expenses $140,000

Other Expenses $118,290

TOTAL EXPENSES $214,734

Year-over-Year Comparison

	2022	2021	Change
Revenue	$212,000	N/A	N/A
Expenses	$214,734	N/A	N/A
Net Income	$-2,734	$0	N/A

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

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

$76,172

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President	28.00	Key Emp	$36,168	$0	$36,168
N/A	Grant Administration Reporting	23.00	Key Emp	$30,750	$0	$30,750
N/A	Secretary Supervisor	8.00	Key Emp	$7,310	$0	$7,310
N/A	Leader of Grant Publications	2.00	Key Emp	$1,890	$0	$1,890
N/A	Ambassador	0.35	Key Emp	$54	$0	$54
N/A	Treasurer	0.00	Officer	$0	$0	$0
N/A	Vice President	0.00	Officer	$0	$0	$0
N/A	Provost	0.00	Officer	$0	$0	$0
N/A	Board Member	0.00	Director	$0	$0	$0
N/A	Board Member	0.00	Director	$0	$0	$0
Lawrence Elgart	Board Member	0.00	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	No data	No data	No data	No data
2022	$212,000	$214,734	$10,735	$-2,734

CHELSEA BLACK COMMUNITY