BLACK TECH SATURDAYS ALEXA TURNAGE

EIN: 993796932 501(c)(3) Education

DETROIT, MI

Total Revenue
$1,786,378
Total Expenses
$476,111
Total Assets
$1,310,267
Net Assets
$1,310,267
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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
MI
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.

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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