BLACK ART IN AMERICA FOUNDATION INC (EIN 872588157) - 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

LARRY DORSEY

Phone

4045651493

Tax Period

2024-01-01 to 2024-12-31

BLACK ART IN AMERICA FOUNDATION INC, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 152% operating deficit.

Mission

THE BLACK ART IN AMERICA (BAIA) FOUNDATION IS A 501C3 ORGANIZATION THAT APPLIES WHAT WEVE LEARNED OVER OUR 12 YEARS AS A MULTIFACETED ARTS COMPANY TO FACILITATE THE GROWTH OF ARTISTS WHILE CULTIVATING THE RELATIONSHIPS AND OPPORTUNITIES THAT BRING BLACK ARTISTS AND COMMUNITIES T

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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 $38,182

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,182

Expense Breakdown

Grants Paid $24,270

Salaries & Benefits $34,332

Fundraising Expenses $4,862

Program Expenses $46,772

Other Expenses $37,680

TOTAL EXPENSES $96,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,182	$136,677	-0.7%
Expenses	$96,282	$84,673	+0.1%
Net Income	$-58,100	$52,004	-2.1%

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

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	Role	Reportable Comp	Other Comp	Total
ESTER SILVER-PARKER	DIRECTOR	Director	$0	$0	$0
ROMAL TUNE	DIRECTOR	Director	$0	$0	$0
PAUL ROBINSON	DIRECTOR	Director	$0	$0	$0
LARRY DORSEY	PRESIDENT	Officer	$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	$38,182	$96,282	$108,463	$-58,100
2023	$136,677	$84,673	$170,263	$52,004
2022	$241,480	$123,221	$118,259	$118,259

BLACK ART IN AMERICA FOUNDATION INC