BLK FOUNDATION 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

Legal Domicile

Principal Officer

ANGEL ONUOHA ONYEKURU

Tax Period

2024-01-01 to 2024-12-31

BLK FOUNDATION INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $614K in total revenue in fiscal year 2024. Revenue surged 459% from the prior year, signaling strong growth momentum.

Mission

BLK Foundation, Inc. the Foundationis a student-run organization created to remediate systemic barriers that impede growth and entrepreneurship in underserved and marginalized communities.

Program Service Accomplishments

Program 1

Expenses: $617,614 Revenue: $614,466

BLK Foundation, Inc. the Foundationis a student-run organization created to remediate systemic barriers that impede growth and entrepreneurship in underserved and marginalized communities. The...

BLK Foundation, Inc. the Foundationis a student-run organization created to remediate systemic barriers that impede growth and entrepreneurship in underserved and marginalized communities. The Foundation will provide resources and networking opportunities to underrepresented minority students as well as entrepreneurs and founders of minority-owned and women-owned businesses. The Foundation will further these goals by engaging in the following activities the Programming. Providing coaching, access and resources to established minority owned businesses and minority entrepreneurs2. Providing grants to established minority-owned businesses serving at risk or underfunded communities which will be limited to use exclusively in furtherance of combating community deterioration, relief of the poor, the distressed, and/or the underprivileged and other charitable purposes and3. Providing educational fellowships to minority undergraduate individuals to provide capital to incubate a for-profit business serving certain at-risk or underfunded communities which grants will be limited

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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 $614,466

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $614,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $617,614

Other Expenses $618,690

TOTAL EXPENSES $618,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,466	$110,000	+4.6%
Expenses	$618,690	N/A	N/A
Net Income	$-4,224	$110,000	-1.0%

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

N/A

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
ANGEL ONUOHA ONYEKURU	FOUNDATION MGR	N/A	Officer Director	$0	$0	$0
INJIL MUHAMMAD	TRUSTEE	N/A	Director	$0	$0	$0
SEVEN RICHMOND	TRUSTEE	N/A	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	$614,466	$618,690	No data	$-4,224