247 BLAC (EIN 901179763) - 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

Phone

3194270314

Tax Period

2023-01-01 to 2023-12-31

247 BLAC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $316K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $367K exceeded revenue, resulting in a 16% operating deficit.

Mission

COORDINATION OF REDEVELOPMENT EFFORTS

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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 $311,451

Program Service Revenue $4,486

Investment Income $0

Other Revenue $0

TOTAL REVENUE $315,937

Expense Breakdown

Grants Paid $49,500

Salaries & Benefits $27,162

Fundraising Expenses $3,750

Program Expenses $257,406

Other Expenses $286,356

TOTAL EXPENSES $366,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,937	$907,172	-0.7%
Expenses	$366,768	$487,176	-0.2%
Net Income	$-50,831	$419,996	-1.1%

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

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
SHARINA SALLIS	PRESIDENT	3.00	Officer	$0	$0	$0
FELICIA SMITH NALLS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KINGSLEY BOTCHWAY	TREASURER	3.00	Officer	$0	$0	$0
KALOLA ROBY	SECRETARY	2.00	Officer	$0	$0	$0
TRAVIS HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN LAGRONE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEYAIRA MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN SPELLER	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$315,937	$366,768	$743,403	$-50,831
2022	$907,172	$487,176	$813,445	$419,996
2021	$430,929	$122,828	$385,900	$308,101

247 BLAC