THE BLACK SOIL CHARITABLE FUND INC (EIN 991184271) - 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

2024

Legal Domicile

Principal Officer

ASHLEY SMITH

Phone

8597851800

Tax Period

2024-07-01 to 2025-06-30

THE BLACK SOIL CHARITABLE FUND INC, founded in 2024, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $640K, a strong 42% operating margin.

Mission

THE MISSION OF BLACK SOIL KY IS TO RECONNECT BLACK KENTUCKIANS TO THEIR HERITAGE AND LEGACY IN AGRICULTURE. BY BRINGING TOGETHER URBAN FAMILIES WITH RURAL AND URBAN-BASED BLACK FARMERS/GROWERS/PRODUCERS ACROSS THE STATE, WE HELP INTRODUCE OPPORTUNITIES IN AGRICULTURE THAT PROMOTE SELF-SUFFICIENCY, ENCOURAGE HEALTHY LIVING, AND ACTIVATE COOPERATIVE ECONOMICS.OUR VISION IS TO HELP FOSTER A GREATER MARKET SHARE FOR BLACK FARMERS AND PRODUCERS AS THEY PROVIDE HEALTHY FOOD OPTIONS TO A LARGER CONSUMER BASE. BLACK SOIL KY ORGANIZES FARM TOURS, FARM-TO-TABLE DINNERS, CATERING OPPORTUNITIES, EVENTS, WORKSHOPS, TRAINING, EDUCATION & OUTREACH, AND MORE FOR KENTUCKY BLACK FARMERS, CHEFS, AND MAKERS.

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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 $1,456,055

Program Service Revenue $54,753

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,510,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,172

Fundraising Expenses $135,501

Program Expenses $578,732

Other Expenses $527,432

TOTAL EXPENSES $870,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,510,808	N/A	N/A
Expenses	$870,604	N/A	N/A
Net Income	$640,204	$0	N/A

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

$36,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICKA EMERSON	CO CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN JOHNSON	CO CHAIR	1.00	Officer Director	$0	$0	$0
ED HOLMES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES ROWLAND	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ASHLEY SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$32,308	$4,025	$36,333

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
2025	$1,510,808	$870,604	$675,275	$640,204

THE BLACK SOIL CHARITABLE FUND INC