BLACK INFINITY COLLECTIVE INC

EIN: 871672962 501(c)(3) Community Improvement

Hamden, CT

Total Revenue
$364,609
Total Expenses
$399,377
Total Assets
$32,980
Net Assets
$32,980
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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
2022
Legal Domicile
CT
Phone
8609012525
Tax Period
2022-07-01 to 2023-06-30

BLACK INFINITY COLLECTIVE INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $365K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

BIC is a dynamic organization focused on the creation, nurturing, and protection of spaces that amplify Black leadership and freedom. Through our programs and initiatives, we aim to cultivate a sense of belonging, inspire self-empowerment, and facilitate community-driven change.

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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 (2022)

Revenue Breakdown

Contributions & Grants $364,609
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $364,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $231,438
Fundraising Expenses $36,664
Program Expenses $326,049
Other Expenses $167,939
TOTAL EXPENSES $399,377

Year-over-Year Comparison

2022 2021 Change
Revenue $364,609 $462,227 -0.2%
Expenses $399,377 $394,479 +0.0%
Net Income $-34,768 $67,748 -1.5%
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
7
Independent Members
7
Employees
4
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
1
$74,712
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Blount Executive Director 40
Officer
$74,712 $0 $74,712
Camelle Scott Former Executive Director 40
$39,230 $0 $39,230
Precious Price Board President 2
Director
$0 $0 $0
Ashli Giles Perkins Secretary 2.0
Director
$0 $0 $0
Carlin Rushing Director 2.0
Director
$0 $0 $0
Stacy Ann Lambert Director 2.0
Director
$0 $0 $0
Valerie Washington Director 2.0
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
2023 $364,609 $399,377 $32,980 $-34,768
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