FRESNO METRO BLACK CHAMBER FOUNDAT… - 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

2014

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

FRESNO METRO BLACK CHAMBER FOUNDATION, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2023.

Mission

EDUCATION & HELP FOR SMALL BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $2,459,156

THE GREEN BUSINESS PROGRAM WORKS TO GREEN CERTIFY BUSINESSES, CONSERVE RESORUCES, MONITOR AIR QUALITY, AND REDUCE GREENHOUSE GAS EMISSIONS BY LEVERAGING INCENTIVES.

Program 2

Expenses: $1,677,001

THE TECHNICAL ASSISSTANCE PROGRAM IS DESIGNED TO HELP SMALL INDIVIDUAL BUSINESSES WITH IMPROVING THEIR STRATEGIES TO INCREASE CONTRACTING OPPORUNITIES.

Program 3

Expenses: $20,000

SCHOLARSHIP PROGRAM BASED ON A GRANT AWARDED TO THE FOUNDATION TO GIVE OUT COLLEGE SCHOLARSHIPS EACH YEAR FOR STUDENTS MAJORING IN BUSINESS

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,312,350

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,312,350

Expense Breakdown

Grants Paid $3,978,844

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,156,157

Other Expenses $388,577

TOTAL EXPENSES $4,367,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,312,350	N/A	N/A
Expenses	$4,367,421	N/A	N/A
Net Income	$-55,071	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

Governance

Voting Members

Independent Members

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
JAMES W LANE Jr	TREASURER	24.00	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
2024	$4,312,350	$4,367,421	$1,917,655	$-55,071
2023	$2,253,518	$2,931,035	$1,603,668	$-677,517
2022	$3,577,548	$2,765,482	$2,304,194	$812,066
2021	$2,413,841	$2,088,981	$494,994	$324,860
2020	$475,091	$360,143	$171,204	$114,948

FRESNO METRO BLACK CHAMBER FOUNDATION