BLACK TECH SATURDAYS ALEXA TURNAGE

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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

2023

Legal Domicile

Principal Officer

ALEXA TURNAGE

Phone

2487921071

Tax Period

2023-10-01 to 2024-09-30

BLACK TECH SATURDAYS ALEXA TURNAGE, founded in 2023, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 73% operating margin.

Mission

STRATEGICALLY EMPOWER BLACK TECH COMMUNITIES NATIONWIDE TO DRIVE ECONOMIC GROWTH, CLOSE THE WEALTH GAP, AND DIVERSIFY THE TECH INDUSTRY. THROUGH OUR INITIATIVES, WE CATALYZE MEASURABLE OUTCOMES, FOSTERING A FUTURE WHERE PROSPERITY IS ACCESSIBLE TO ALL.

Program Service Accomplishments

Program 1

Expenses: $476,111

THE PROGRAM IS MULTIFACETED EMPOWERING BLACK PROFESSIONALS AND ENTREPRENEURS IN TECH THROUGH SKILL DEVELOPMENT AND COMMUNITY ENGAGEMENT. THE PRIMARY PURPOSE IS BRIDGING DIVIDES, CREATING OPPORTUNITY AND EMPOWERING TECH COMMUNITIES NATIONWIDE TO CLOSE THE RACIAL WEALTH GAP THROUGH TECH-FOCUSED MEETUPS, TRAINING, WORKSHOPS AND ADVOCACY.

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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 $1,786,375

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $1,786,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $476,111

Other Expenses $476,111

TOTAL EXPENSES $476,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,786,378	N/A	N/A
Expenses	$476,111	N/A	N/A
Net Income	$1,310,267	N/A	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

N/A

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
ALEXA TURNAGE	PRESIDENT	40.00	Officer	$0	$0	$0
EUFAYBA TURNAGE	SECRETARY	N/A	Officer	$0	$0	$0
JOHNNIE TURNAGE	TREASURER	40.00	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	$1,786,378	$476,111	$1,310,267	$1,310,267