CAPITAL DISTRICT BLACK CHAMBER OF COMMERCE (EIN 113819812) - 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

2011

Legal Domicile

Principal Officer

Corey Ellis

Phone

5185914655

Tax Period

2021-01-01 to 2021-12-31

CAPITAL DISTRICT BLACK CHAMBER OF COMMERCE, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $203K in total revenue in fiscal year 2021. Revenue surged 8338% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 99% operating margin.

Mission

THE CAPITAL DISTRICT BLACK CHAMBER OF COMMERCE HAS A MISSION TO BE DEDICATED TO ECONOMICALLY EMPOWERING AND SUSTAINING MINORITY COMMUNITIES, PARTICULARLY THOSE OF AFRICAN AMERICAN DESCENT, THROUGH ENTREPRENEURSHIP AND CAPITALISTIC ACTIVITY IN ALBANY, NY AND THE SURROUNDING CAPITAL DISTRICT. OUR PURPOSE SHALL BE TO EXPAND THE CONCEPTS OF BUSINESS DEVELOPMENT AND CAPITALISM THROUGH EDUCATIONAL PLATFORMS AND INCREASE ACCESS TO RESOURCES, MANAGEMENT AND OPERATIONAL SKILLS, TECHNICAL SUPPORT, PROCUREMENT OPPORTUNITIES, EFFECTIVE NETWORKING, AND SHARING OF INFORMATION FOR BLACK OWNED BUSINESSES AND OTHER MINORITY OWNED BUSINESSES. OUR OBJECTIVE IS TO IMPROVE THE FINANCIAL LANDSCAPE IN MINORITY COMMUNITIES THROUGH ECONOMIC EMPOWERMENT AND THE DEVELOPMENT, ADVOCACY AND SUPPORT OF CURRENT AND FUTURE BUSINESSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $202,587

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,341

Other Expenses $2,341

TOTAL EXPENSES $2,341

Year-over-Year Comparison

	2021	2020	Change
Revenue	$202,587	$2,401	+83.4%
Expenses	$2,341	$2,406	0.0%
Net Income	$200,246	$-5	-40050.2%

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
COREY ELLIS	PRESIDENT/CEO	1.5	Officer	$0	$0	$0
ANA MIGDALINA	VICE PRESIDENT	0	Officer	$0	$0	$0
JOSE CASTRO	TREASURER	0	Officer	$0	$0	$0
SHERRY ELLIS	SECRETARY	0	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
2021	$202,587	$2,341	$202,587	$200,246

CAPITAL DISTRICT BLACK CHAMBER OF COMMERCE