HBCU FOUNDERS INITIATIVE

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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

KIP QUACKENBUSH

Phone

8778295500

Tax Period

2022-07-01 to 2023-06-30

HBCU FOUNDERS INITIATIVE, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, INSPIRING AND SUPPORTING WOMEN AND MINORITIES TO PURSUE ENTREPRENEURSHIP

Program Service Accomplishments

Program 1

Expenses: $1,063,511

THE PRE-ACCELERATOR PROGRAM IS AN 8-WEEK EDUCATIONAL PROGRAM DESIGNED FOR EARLY-STAGE FOUNDERS WHO ARE PAST THE IDEA STAGE OF THEIR STARTUP AND READY TO VALIDATE A PROBLEM AND BUILD A MINIMUM VIABLE PRODUCT. THE CORPORATION IS DEDICATED TO ENGAGING RISING STUDENTS AND ALUMNI ACROSS ALL HBCUS WHO ARE INTERESTED IN DEVELOPING SOLUTIONS THAT CLOSE THE RACIAL "WEALTH GAP AND RELATED INEQUALITIES IN THE UNITED STATES, SUCH AS ACCESS TO HEALTHCARE, EDUCATION, AND FINANCIAL SERVICES. ACCORDINGLY, PARTICIPATION IS OPEN TO ALL RISING STUDENTS AND RECENT GRADUATES OF HBCUS AND THE OBJECTIVE IS TO MAXIMIZE THE AVAILABILITY OF THE PROGRAM. THE PRE-ACCELERATOR PROGRAM CURRICULUM IS OPEN-SOURCE AND THE SESSIONS ARE AVAILABLE FREE OF CHARGE TO PROGRAM PARTICIPANTS.

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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 $1,175,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,175,500

Expense Breakdown

Grants Paid $95,000

Salaries & Benefits $76,440

Fundraising Expenses $0

Program Expenses $1,063,511

Other Expenses $1,001,530

TOTAL EXPENSES $1,172,970

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,175,500	$725,000	+0.6%
Expenses	$1,172,970	$719,337	+0.6%
Net Income	$2,530	$5,663	-0.6%

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
MARLON EVANS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIP QUACKENBUSH	TREASURER	1.00	Officer Director	$0	$0	$0
ANDRE KIRWAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KELSEY MORGAN PASQUALICHIO	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY ARAKAWA	DIRECTOR	1.00	Director	$0	$0	$0
MARCELA RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
JARRID WHITNEY	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,175,500	$1,172,970	$8,693	$2,530
2022	$725,000	$719,337	$6,163	$5,663