BEAUFORT COUNTY BLACK CHAMBER OF (EIN 043627371) - 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

2002

Legal Domicile

Principal Officer

Marilyn Harris

Phone

8439623455

Tax Period

2024-01-01 to 2024-12-31

BEAUFORT COUNTY BLACK CHAMBER OF, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 468% from the prior year, signaling strong growth momentum. The organization ran a surplus of $577K, a strong 54% operating margin.

Mission

The BCBCC is a membership organization dedicated to offering products, services, and educational programming for multi-cultural business owners and professionals within the Beaufort and neighboring communities. The individuals and businesses we serve are federally recognized as disadvantaged business enterprises and/or denied access to capital in traditional finance markets.

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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 $559,167

Program Service Revenue $0

Investment Income $0

Other Revenue $500,625

TOTAL REVENUE $1,059,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,717

Fundraising Expenses $0

Program Expenses $21,731

Other Expenses $130,629

TOTAL EXPENSES $482,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,059,792	$186,548	+4.7%
Expenses	$482,346	$593,201	-0.2%
Net Income	$577,446	$-406,653	-2.4%

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

N/A

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
Marilyn Harris	CEO	40	Highest	$100,000	$0	$100,000

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
2024	$1,201,502	$482,804	$5,142,591	$718,698
2024	$1,059,792	$482,346	$1,991,487	$577,446
2023	$186,548	$593,201	$4,630,834	$-406,653
2022	$557,503	$602,255	$4,375,274	$-44,752
2021	$725,988	$847,509	$4,451,330	$-121,521
2021	$725,988	$847,509	$4,451,330	$-121,521
2020	$1,280,489	$712,885	$4,709,186	$567,604
2019	$556,333	$742,369	$3,926,505	$-186,036
2018	$635,342	$574,944	$4,251,400	$60,398

BEAUFORT COUNTY BLACK CHAMBER OF