Heartland Black Chamber of Commerce Inc

EIN: 201784856 Employment

Kansas City, MO

Total Revenue
$592,711
Total Expenses
$568,736
Total Assets
$66,777
Net Assets
$68,996
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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
MO
Principal Officer
Kim Randolph
Phone
9139487680
Tax Period
2024-01-01 to 2024-12-31

Heartland Black Chamber of Commerce Inc, founded in 2005, is a small nonprofit in the Employment sector that reported $593K in total revenue in fiscal year 2024. Revenue surged 285% from the prior year, signaling strong growth momentum. Expenses of $569K left a modest 4% surplus.

Mission

Form a business network whose goal is to futher the interest of 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $534,927
Program Service Revenue $0
Investment Income $0
Other Revenue $57,784
TOTAL REVENUE $592,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $264,939
Fundraising Expenses $0
Program Expenses $534,926
Other Expenses $303,797
TOTAL EXPENSES $568,736

Year-over-Year Comparison

2024 2023 Change
Revenue $592,711 $153,883 +2.9%
Expenses $568,736 $150,975 +2.8%
Net Income $23,975 $2,908 +7.2%
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

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Governance

Voting Members
18
Independent Members
17
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
0
$0
Total Directors
17
$0
Key Employees
1
$109,615
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Randolph CEO/President 60.00
Key Emp Highest
$109,615 $0 $109,615
Vercie Lark Chairman 0.05
Director
$0 $0 $0
Marvin Carolina Jr Chairman Emertus 0.05
Director
$0 $0 $0
Ara McGee Board Secretary 0.05
Director
$0 $0 $0
Nikisha Bausby Board Member 0.05
Director
$0 $0 $0
Consuella McCain BOard Member 0.05
Director
$0 $0 $0
Shakia Webb Board Member 0.05
Director
$0 $0 $0
Joyce Christanio Board Member 0.05
Director
$0 $0 $0
Carol Taylor Board Member 0.05
Director
$0 $0 $0
Michele Watley Board Member 0.05
Director
$0 $0 $0
Victor Hammonds Board Member 0.05
Director
$0 $0 $0
Jim Echols Board Member 0.05
Director
$0 $0 $0
Scott Stordahl Board Member 0.05
Director
$0 $0 $0
Charles Melcher Board Member 0.05
Director
$0 $0 $0
Willy Pegues Board Member 0.05
Director
$0 $0 $0
Jason Parson Board Member 0.05
Director
$0 $0 $0
Craig Moore Board Member 0.05
Director
$0 $0 $0
Angel McGee Board Member 0.05
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
2024 $592,711 $568,736 $66,777 $23,975
2023 $153,883 $150,975 $43,047 $2,908
2022 $163,365 $226,645 $40,141 $-63,280
2021 $432,658 $375,100 $103,421 $57,558
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