QUAD COUNTY AFRICAN AMERICAN CHAMB… - 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

1993

Legal Domicile

Principal Officer

SHERMAN JENKINS

Phone

6308599776

Tax Period

2023-01-01 to 2023-12-31

QUAD COUNTY AFRICAN AMERICAN CHAMBER OF COMMERCE, founded in 1993, is a small nonprofit in the Education sector that reported $107K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $16K, a strong 15% operating margin.

Mission

WE PROVIDE BUSINESS SEMINARS, JOB PROGRAMS, EDUCATIONAL LECTURES, CIVIC AND CHARITABLE EVENTS FOR AFRICAN AMERICAN AND OTHER SMALL BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $51,029 Revenue: $74,659

WE ORGANIZE AN ANNUAL JAZZ BRUNCH WHERE THE LOCAL COMMUNITY RECOGNIZES THE ACHEIVEMENTS OF AFRICAN AMERICAN BUSINESS AND INDIVIDUALS THAT HAVE CONTRIBUTED POSITIVELY TO THE ECONOMIC GROWTH OF...

WE ORGANIZE AN ANNUAL JAZZ BRUNCH WHERE THE LOCAL COMMUNITY RECOGNIZES THE ACHEIVEMENTS OF AFRICAN AMERICAN BUSINESS AND INDIVIDUALS THAT HAVE CONTRIBUTED POSITIVELY TO THE ECONOMIC GROWTH OF, SPECIFICALLY THE SURROUNDING FOUR COUNTIES.

Program 2

Expenses: $7,500 Revenue: $7,785

WE PROVIDE UNDERSERVED STUDENTS WITH SCHOLARSHIPS TO ASSIST WITH THEIR TUITION AND FEES IN PURSUIT OF A COLLEGE DEGREE OR HIGHER EDUCATION.

Program 3

Revenue: $7,523

WE FACILITATE AND CONDUCT NETWROKING EVENTS AND EDUCATIONAL SEMINARS FOR MINORITIES AND SMALL BUSINESSES TO CONNECT AND FOSTER BUSINESS AND COMMUNITY RELATIONSHIPS, ESPECIALLY FOR UNDERSERVED...

WE FACILITATE AND CONDUCT NETWROKING EVENTS AND EDUCATIONAL SEMINARS FOR MINORITIES AND SMALL BUSINESSES TO CONNECT AND FOSTER BUSINESS AND COMMUNITY RELATIONSHIPS, ESPECIALLY FOR UNDERSERVED COMMUNITIES.

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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 $16,076

Program Service Revenue $89,967

Investment Income $554

Other Revenue $0

TOTAL REVENUE $106,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,828

Fundraising Expenses $0

Program Expenses $83,381

Other Expenses $80,326

TOTAL EXPENSES $90,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,597	$90,369	+0.2%
Expenses	$90,154	$112,743	-0.2%
Net Income	$16,443	$-22,374	-1.7%

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

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

$9,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERMAN JENKINS	CHAIRMAN	12.00	Officer	$9,000	$0	$9,000
HARISH ANANTHAPADMANABHAN	DIRECTOR	1.00	Director	$0	$0	$0
SHEENA BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LIEZEL ESQUIVEL	DIRECTOR	1.00	Director	$0	$0	$0
RON FORD	DIRECTOR	1.00	Director	$0	$0	$0
SHIAN JNO-LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHEA JONES	DIRECTOR	1.00	Director	$0	$0	$0
LORENA LABASTIDA	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
GREG MOORE	DIRECTOR	1.00	Director	$0	$0	$0
SHERMAN NEAL	DIRECTOR	1.00	Director	$0	$0	$0
MARKEIS SYAYLES	DIRECTOR	1.00	Director	$0	$0	$0
ROD YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
HARPREET S CHAWLA	TREASURER	3.00	Officer	$0	$0	$0
MICHAEL PEGUES	VICE CHAIRMA	4.00	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	No data	No data	No data	No data
2023	$106,597	$90,154	$76,442	$16,443
2021	$71,772	$46,168	$78,382	$25,604
2020	$73,207	$63,083	$52,778	$10,124
2019	$72,425	$55,240	$43,511	$17,185
2018	$43,827	$29,135	$25,469	$14,692

QUAD COUNTY AFRICAN AMERICAN CHAMBER OF COMMERCE