Black Business Enterprises Fund

EIN: 863609489 501(c)(3) Human Services

Minneapolis, MN

Total Revenue
$356,860
Total Expenses
$195,310
Total Assets
$195,612
Net Assets
$232,192
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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

Principal Officer
Nancy Korsah
Phone
7635014035
Tax Period
2024-01-01 to 2024-12-31

Black Business Enterprises Fund is a small nonprofit in the Human Services sector that reported $357K in total revenue in fiscal year 2024. The organization ran a surplus of $162K, a strong 45% operating margin.

Mission

To help minorities establish their worth to wealth

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,568
Program Service Revenue $307,292
Investment Income $0
Other Revenue $0
TOTAL REVENUE $356,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,750
Fundraising Expenses $70,514
Program Expenses $79,746
Other Expenses $187,560
TOTAL EXPENSES $195,310

Year-over-Year Comparison

2024 2023 Change
Revenue $356,860 N/A N/A
Expenses $195,310 N/A N/A
Net Income $161,550 N/A 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

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Governance

Voting Members
1
Independent Members
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Korsah CEO 0.00
Director
$0 $0 $0
Tracy Call Board Chair 5.00
$0 $0 $0
Otis Artis Board Member 5.00
$0 $0 $0
Charles Wyatt Board Member 5.00
$0 $0 $0
Jessica Westberg Board Member 5.00
$0 $0 $0
Christy Loy Board Member 5.00
$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 $356,860 $195,310 $195,612 $161,550
2022 $349,746 $346,703 $3,043 $3,043
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