CHARLOTTE MECKLENBURG BLACK CHAMBER OF COMMERCE INC

EIN: 201603755 501(c)(3) Human Services

charlotte, NC

Total Revenue
$489,450
Total Expenses
$487,456
Total Assets
$13,447
Net Assets
$13,447
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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
NC
Principal Officer
Shante Williams
Phone
7047267147
Tax Period
2023-01-01 to 2023-12-31

CHARLOTTE MECKLENBURG BLACK CHAMBER OF COMMERCE INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $489K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

To serve Black-owned businesses in the Charlotte Region by providing resources, promoting political engagement and strengthening networks to increase the economic vitality of the business community.

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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 $489,450
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $489,450

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $487,456
Other Expenses $27,456
TOTAL EXPENSES $487,456

Year-over-Year Comparison

2023 2022 Change
Revenue $489,450 $565,000 -0.1%
Expenses $487,456 $565,000 -0.1%
Net Income $1,994 $0 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
7
Independent Members
7
Employees
N/A
Volunteers
20

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shante Williams Chairman 30
Director
$0 $0 $0
Guy Cousins Vice Chairman 5
Director
$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
2023 $489,450 $487,456 $13,447 $1,994
2022 $565,000 $565,000 $11,453 No data
2021 $397,835 $401,820 $11,453 $-3,985
2020 $459,099 $459,099 $15,438 No data
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