Illinois State Black Chamber of Co… - 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

1997

Legal Domicile

Principal Officer

LARRY D IVORY

Phone

3097404430

Tax Period

2023-01-01 to 2023-12-31

Illinois State Black Chamber of Commerce Inc, founded in 1997, is a small nonprofit that reported $723K in total revenue in fiscal year 2023.

Mission

The ILBCC is a nonprofit organization dedicated to the economically empowering and sustaining the African American community through entrepreneurship and capitalistic activities in the state of Illinois.

Program Service Accomplishments

Program 1

Expenses: $641,604

Helping African American businesses build capacity through networking

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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 $312,645

Program Service Revenue $410,135

Investment Income $141

Other Revenue $0

TOTAL REVENUE $722,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,499

Fundraising Expenses $0

Program Expenses $641,604

Other Expenses $479,328

TOTAL EXPENSES $758,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,921	$736,713	0.0%
Expenses	$758,827	$717,552	+0.1%
Net Income	$-35,906	$19,161	-2.9%

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

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
WILLIAM KYLE	Chair	2.000	Officer	$0	$0	$0
CRYSTAL YOUNG	Director	2.000	Director	$0	$0	$0
MICHAEL SUTTON	Director	2.000	Director	$0	$0	$0
ROD YOUNG	Director	2.000	Director	$0	$0	$0
JOHN GRIFFIN	Treasurer	2.000	Officer	$0	$0	$0
JEFFEREY STERLING	Director	2.000	Director	$0	$0	$0
TINA AUGUSTUS	Secretary	2.000	Officer	$0	$0	$0
JOYCE JOHNSON	Director	2.000	Director	$0	$0	$0
ANTONIO BAXTON	Director	2.000	Director	$0	$0	$0
MALCOLM CRAWFORD	Director	2.000	Director	$0	$0	$0
NOSA EHIMWENMAN	Director	2.000	Director	$0	$0	$0
SHARLA ROBERTS	Director	2.000	Director	$0	$0	$0
BEN MCMILLIAN	Director	2.000	Director	$0	$0	$0
STEPHANIE HICKMAN	Director	2.000	Director	$0	$0	$0
PATRICIA WEST	Director	2.000	Director	$0	$0	$0
LESTER BLAIR	Treasurer	2.000	Officer	$0	$0	$0
LARRY D IVORY	PresidentCEO	50.00	Key Emp	$0	$0	$0
WALI MUHAMMAD	Director	2.000	Director	$0	$0	$0
ROBERT DALE	Director	2.000	Director	$0	$0	$0
JACKIE DYESS	Director	2.000	Director	$0	$0	$0
LEE COLEMAN	Southern Regional VP	2.000	Officer	$0	$0	$0
KEYMANNA PAULAS	Director	2.000	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	No data	No data	No data	No data
2023	$722,921	$758,827	$13,993	$-35,906
2022	$736,713	$717,552	$49,261	$19,161
2021	$1,053,530	$1,062,368	$97,424	$-8,838
2020	$1,383,787	$1,427,086	$60,690	$-43,299

Illinois State Black Chamber of Commerce Inc