MINNESOTA BLACK COLLECTIVE FOUNDATION (EIN 883613546) - 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

2022

Legal Domicile

Principal Officer

Lulete Mola

Phone

6122935260

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA BLACK COLLECTIVE FOUNDATION, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $686K, a strong 24% operating margin.

Mission

Build black philanthropic power to strengthen the ecosystem of black-led social, political, and economic change in Minnesota and beyond.

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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 $2,704,114

Program Service Revenue $0

Investment Income $128,620

Other Revenue $0

TOTAL REVENUE $2,832,734

Expense Breakdown

Grants Paid $1,049,892

Salaries & Benefits $402,500

Fundraising Expenses $229,457

Program Expenses $1,553,160

Other Expenses $638,972

TOTAL EXPENSES $2,146,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,832,734	$5,851,290	-0.5%
Expenses	$2,146,639	$1,535,223	+0.4%
Net Income	$686,095	$4,316,067	-0.8%

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

$266,955

Total Directors

$266,955

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lulete Mola	Secretary, President, Co-Founder & Corp Member	40	Officer Director	$170,054	$23,201	$193,255
Chanda Smith Baker	Treasurer (Jan-Mar), Corp Member	2	Officer Director	$73,700	$0	$73,700
Shawntera Hardy	Board Member	1	Director	$0	$0	$0
Rachel Hardeman	Board Member	1	Director	$0	$0	$0
Repa Mekha	Chair (Jan-Mar), Corp Member	2	Officer Director	$0	$0	$0
Aretha Green-Rupert	Chair/Secretary	2	Officer Director	$0	$0	$0
Jai Winston	Treasurer	2	Officer 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	$2,832,734	$2,146,639	$5,154,987	$686,095
2023	$5,851,290	$1,535,223	$4,713,584	$4,316,067

MINNESOTA BLACK COLLECTIVE FOUNDATION