BLACK OWNERS OF SOLAR SERVICES (EIN 871152840) - 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

Principal Officer

AJULO OTHOW

Phone

7712031122

Tax Period

2023-01-01 to 2023-12-31

BLACK OWNERS OF SOLAR SERVICES, founded in 2021, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 533% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE SUSTAINED ACCESS TO EQUITABLE OPPORTUNITIES IN CLEAN ENERGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,338,627

Program Service Revenue $0

Investment Income $0

Other Revenue $36,647

TOTAL REVENUE $1,375,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,050

Fundraising Expenses $27,840

Program Expenses $892,616

Other Expenses $936,738

TOTAL EXPENSES $1,253,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,375,274	$217,195	+5.3%
Expenses	$1,253,788	$9,878	+125.9%
Net Income	$121,486	$207,317	-0.4%

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

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

$29,783

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJULO OTHOW	PRESIDENT	7.00	Officer Director	$0	$0	$0
WALTER MCLEOD	TREASURER	5.00	Officer Director	$0	$0	$0
DR MICHAEL DORSEY	SECRETARY	5.00	Officer Director	$0	$0	$0
SHERYL RIGGS	EXECUTIVE DIRECTOR	40.00	Director	$29,783	$0	$29,783
DANA CLARE REDDEN	DIRECTOR	5.00	Director	$0	$0	$0
TONYA HICKS	DIRECTOR	5.00	Director	$0	$0	$0
JAY CUTTING	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTIAN WARREN	DIRECTOR	5.00	Director	$0	$0	$0
JAMEZ STAPLES	DIRECTOR	5.00	Director	$0	$0	$0
REGINA SPEED-BOST	DIRECTOR	5.00	Director	$0	$0	$0
JESSICA BALLARD THIESSEN	FORMER DIRECTOR	5.00	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
2023	$1,375,274	$1,253,788	$472,576	$121,486
2022	$217,195	$9,878	$216,167	$207,317

BLACK OWNERS OF SOLAR SERVICES