THE WISCONSIN BLACK CHAMBER OF COMMERCE INC

EIN: 061753546 501(c)(3)

MILWAUKEE, WI

Total Revenue
$1,658,114
Total Expenses
$561,442
Total Assets
N/A
Net Assets
N/A
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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
2005
Legal Domicile
WI
Principal Officer
RUBEN HOPKINS
Phone
4143066460
Tax Period
2021-01-01 to 2021-12-31

THE WISCONSIN BLACK CHAMBER OF COMMERCE INC, founded in 2005, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2021. The organization ran a surplus of $1.1M, a strong 66% operating margin.

Mission

AFRICAN-AMERICAN BUSINESS DEVELOPMENT

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,658,114
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,658,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,111
Fundraising Expenses $0
Program Expenses $46,709
Other Expenses $278,331
TOTAL EXPENSES $561,442

Year-over-Year Comparison

2021 2020 Change
Revenue $1,658,114 N/A N/A
Expenses $561,442 N/A N/A
Net Income $1,096,672 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
6
Independent Members
6
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NA NA N/A
$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
2021 $1,658,114 $561,442 No data $1,096,672
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