NATIONAL COALITION OF BLACK MEETIN… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

KEVIN RICHARDSON

Phone

5713661779

Tax Period

2024-01-01 to 2024-12-31

NATIONAL COALITION OF BLACK MEETING PROFESSIONALS INC, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE NATIONAL COALITION OF BLACK MEETING PROFESSIONALS, INC. (NCMP), IS TO BE THE PREEMINENT ORGANIZATION IN EDUCATING AFRICAN AMERICAN ASSOCIATION EXECUTIVES AND MEETING PLANNERS IN ALL ASPECTS OF THE MEETING PLANNING PROFESSION SUCH THAT, AS A RESULT, NCBMP MEMBERS WILL BE ABLE TO (A) MAXIMIZE A GREATER RETURN ON THE MEETING DOLLAR INVESTMENT FOR THEIR RESPECTIVE ORGANIZATIONS, (B) EFFECT POSITIVE CHANGE IN THE HOSPITALITY INDUSTRY AS IT RELATES TO AFRICAN AMERICANS, AND (C) BECOME A VOICE IN THE HOSPITALITY INDUSTRY ON ISSUES THAT AFFECT THE AFRICAN AMERICAN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $766,921 Revenue: $1,380,773

ANNUAL EDUCATIONAL CONFERENCE AND MEMBER SERVICES: THROUGH PROGRAMS AND SPECIAL WORKSHOP SESSIONS, CONDUCTED AT THE MEETINGS, NCBMP STRIVES TO: (1) ASSIST IN THE EDUCATIONAL ADVANCEMENT OF...

ANNUAL EDUCATIONAL CONFERENCE AND MEMBER SERVICES: THROUGH PROGRAMS AND SPECIAL WORKSHOP SESSIONS, CONDUCTED AT THE MEETINGS, NCBMP STRIVES TO: (1) ASSIST IN THE EDUCATIONAL ADVANCEMENT OF ASSOCIATION EXECUTIVES, MEETING PLANNERS AND OTHER MEETING PROFESSIONALS THROUGH THE INFORMATION SHARES AT CONFERENCES. (2) ENHANCE THE PROFESSIONAL STATS OF AFRICAN AMERICAN ASSOCIATION EXECUTIVES, MEETING PLANNERS AND OTHER MEETING PROFESSIONALS BY PROVIDING EDUCATIONAL OPPORTUNITIES IN SUPPORT OF THE CERTIFIED MEETING PROFESSIONAL (CMP) EXAMINATION. (3) STIMULATE MANAGERIAL OPPORTUNITIES IN THE HOSPITALITY INDUSTRY FOR QUALIFIED AFRICAN AMERICANS. (4) DEVELOP A NETWORK IN THE HOSPITALITY INDUSTRY FOR AFRICAN AMERICAN ASSOCIATION EXECUTIVES, MEETING PLANNERS AND SUPPLIERS.

Program 2

Expenses: $60,376

YOUTH INITIATIVE: TO EDUCATE YOUTH FOR THE PURPOSE OF HELPING THEM TO OBTAIN CAREERS IN THE HOSPITALITY INDUSTRY.

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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 $15,250

Program Service Revenue $1,378,300

Investment Income $7

Other Revenue $2,473

TOTAL REVENUE $1,396,030

Expense Breakdown

Grants Paid $4,750

Salaries & Benefits $407,062

Fundraising Expenses $0

Program Expenses $827,297

Other Expenses $1,105,736

TOTAL EXPENSES $1,517,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,396,030	$1,236,531	+0.1%
Expenses	$1,517,548	$775,264	+1.0%
Net Income	$-121,518	$461,267	-1.3%

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

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

$391,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS WIGGINS	CHAIRMAN	2.00	Director	$0	$0	$0
TAREN BRADLEY	BOARD MEMBER	3.00	Director	$0	$0	$0
GINA LAWRENCE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARLINDA HENRY	BOARD MEMBER	3.00	Director	$0	$0	$0
DANIELLE KENNEDY-JONES	BOARD MEMBER	3.00	Director	$0	$0	$0
SHARON BLAYLOCK	SECRETARY	3.00	Officer Director	$0	$0	$0
DEE MITTMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK SEALES	GENERAL COUNSEL	2.00	Director	$0	$0	$0
RICHARD SNOW	CHAIRMAN EMERITUS	2.00	Director	$0	$0	$0
KEVIN RICHARDSON	PRESIDENT	8.00	Officer Director	$0	$0	$0
TESS VISMALE	BOARD MEMBER	3.00	Director	$0	$0	$0
COURTNEY EISON	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHIE YOUNG	BOARD MEMBER	3.00	Director	$0	$0	$0
TRAVIS PETERS	BOARD MEMBER	3.00	Director	$0	$0	$0
JASON DUNN	CEO	40.00	Officer	$391,812	$0	$391,812

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	$1,396,030	$1,517,548	$449,161	$-121,518
2023	$1,236,531	$775,264	$570,679	$461,267
2022	$300,783	$343,483	$127,303	$-42,700
2021	$228,517	$311,341	$192,244	$-82,824
2020	$149,491	$153,116	$275,068	$-3,625
2018	$401,074	$263,046	$173,485	$138,028

NATIONAL COALITION OF BLACK MEETING PROFESSIONALS INC