AFRICAN-AMERICAN BUSINESS ASSOCIATION INC

EIN: 453387003 501(c)(3) Community Improvement

WATERLOO, IA

Total Revenue
$125,000
Total Expenses
$95,897
Total Assets
$208,200
Net Assets
$205,118
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Principal Officer
MATTHEW GILBERT
Phone
3195046685
Tax Period
2023-01-01 to 2023-12-31

AFRICAN-AMERICAN BUSINESS ASSOCIATION INC is a small nonprofit in the Community Improvement sector that reported $125K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $29K, a strong 23% operating margin.

Mission

THE IOWA CENTER FOR OPPORTUNITY RESOURCES & EQUITY INC.'S MISSION IS TO RESEARCH, ADVOCATE, AND PROCURE RESOURCES FOR HISTORICALLY DISENFRANCHISED COMMUNITIES AND UNDERSERVED POPULATIONS IN IOWA.

Program Service Accomplishments

Program 1
Expenses: $5,105

RETHINK IOWA FELLOWSHIP - COMMUNITY-LED RESEARCH FELLOWSHIP THAT INCLUDES WEEKLY ENGAGEMENTS WITH UNDERREPRESENTED ENTREPRENEURS IN IOWA, EDUCATIONAL WORKSHOPS WITH TECHNICAL EXPERTS, AND PUBLIC/...

Read more

RETHINK IOWA FELLOWSHIP - COMMUNITY-LED RESEARCH FELLOWSHIP THAT INCLUDES WEEKLY ENGAGEMENTS WITH UNDERREPRESENTED ENTREPRENEURS IN IOWA, EDUCATIONAL WORKSHOPS WITH TECHNICAL EXPERTS, AND PUBLIC/ PRIVATE SECTOR LEADERSHIP TALENT DEVELOPMENT. SUCCESS IS MEASURED THROUGH AUTHENTIC STORYTELLING, RESILIENT HUMAN POTENTIAL, AND EQUITABLE POLICY MAKING. FELLOWSHIP PARTICIPANTS ALSO ENGAGE IN RESEARCH TO REDUCE SOCIAL WELFARE BARRIERS AND IMPROVE THE WELLBEING OF HISTORICALLY DISENFRANCHISED COMMUNITIES. THANKS TO ANNUAL DONATIONS OF IN-KIND SERVICES AND SUPPORT RESOURCES FROM THE MRG IMPACT FUND - NONGRANTOR CHARITABLE LEAD UNITRUST THIS PROGRAM HAS BEEN A CATALYST TO INNOVATION AND PARTICIPATORY PROGRAM DEVELOPMENTS. LEARN MORE - HTTPS://RETHINKIOWA.ORG

Program 2
Expenses: $47,526 Revenue: $45,000

BLACK CAPITAL STUDY + PROJECTS - THE BLACK CAPTIAL STUDY + PROJECTS (BCS+P) CONSISTS OF 18+ ACTIVE PROJECTS IN SERVICE OF BUILDING CAPACITY FOR TRADITIONAL MONETARY CAPITAL ACCESS AS WELL AS...

Read more

BLACK CAPITAL STUDY + PROJECTS - THE BLACK CAPTIAL STUDY + PROJECTS (BCS+P) CONSISTS OF 18+ ACTIVE PROJECTS IN SERVICE OF BUILDING CAPACITY FOR TRADITIONAL MONETARY CAPITAL ACCESS AS WELL AS NON-MONETARY TYPES OF CAPITAL FOR AN INCLUSIVE ENTREPRENEURIAL ECOSYSTEM IN AND CONNECTED TO WATERLOO, IOWA. EACH PROJECT DEMONSTRATES A COMMITMENT TO FOUR COMPONENTS: A) EVOLVING CURRICULUM/TECHNICAL SKILL DEVELOPMENT; B) RESPONSIVE PROGRAM DELIVERY; 3) RIGOROUS RESEARCH AND 4) TRUSTWORTHY COMMUNICATION. THANKS TO GRANT FUNDS INVESTED BY THE EWING MARION KAUFFMAN FOUNDATION, AND DONATIONS OF IN-KIND SERVICES AND SUPPORT FROM THE UNIVERSITY OF NORTHERN IOWA - JOHN PAPPAJOHN ENTREPRENEURIAL CENTER THIS 3-YEAR RESEARCH STUDY WILL PUBLISH ITS FINDINGS IN OR ABOUT JULY 2025 FOR INCLUSIVE ECOSYSTEMS TO THRIVE AROUND THE WORLD. LEARN MORE - HTTPS://WWW.BLACKCAPITALSTUDY.ORG.

Program 3
Expenses: $3,500

SHOP BLACK IOWA - A CURATED E-COMMERCE MARKETPLACE FOR HISTORICALLY DISENFRANCHISED SMALL BUSINESSES IN IOWA THAT ALLOWS CUSTOMERS FROM IOWA AND OTHER STATES TO PURCHASE GOODS AND SERVICES THAT...

Read more

SHOP BLACK IOWA - A CURATED E-COMMERCE MARKETPLACE FOR HISTORICALLY DISENFRANCHISED SMALL BUSINESSES IN IOWA THAT ALLOWS CUSTOMERS FROM IOWA AND OTHER STATES TO PURCHASE GOODS AND SERVICES THAT SHOWCASE IOWA'S DIVERSE ECONOMY. ANY SMALL BUSINESS THAT IS AT LEAST 51% OWNED BY ONE OR MORE INDIVIDUALS WHO HAVE BEEN HISTORICALLY SUBJECTED TO RACIAL OR ETHNIC PREJUDICES OR CULTURAL BIASES WITHIN THE LARGER AMERICAN CULTURE HAVE ACCESS TO A TRUSTED E-COMMERCE MARKETPLACE AND RESOURCES THAT IS A DESTINATION FOR ALL. SUCCESS IS MEASURED BY THE NUMBER OF BUSINESSES REGISTERED TO SELL ON THE ONLINE PLATFORM, THE NUMBER OF ITEMS THEY PUBLISH FOR E-COMMERCE, AND ACCUMULATED CAPACITY BUILDING SUPPORT / OUTREACH ENGAGEMENTS. THANKS TO DONATIONS OF IN-KIND SUPPORT FROM MEMBER MARKETPLACE INC. AND LOCAL SPONSORS, THE ONLINE MARKETPLACE REGISTRATION AND COSTS ARE SUBSIDIZED FOR THE FIRST 100 BUSINESSES THAT REGISTER FOR THE PLATFORM. CURRENTLY THERE ARE MORE THAN 40 BUSINESSES REGISTERED. LEARN MORE - HTTPS://RETHINKIOWA.SHOPWHEREILIVE.COM/

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,000
Program Service Revenue $45,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $125,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,131
Other Expenses $95,897
TOTAL EXPENSES $95,897

Year-over-Year Comparison

2023 2022 Change
Revenue $125,000 $168,000 -0.3%
Expenses $95,897 $8,897 +9.8%
Net Income $29,103 $159,103 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW GILBERT PRESIDENT 10.00
Officer Director
$0 $0 $0
LU SPAIN VP & SECRETA 5.00
Officer Director
$0 $0 $0
TERRENCE THAMES TREASURER 5.00
Officer 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 $125,000 $95,897 $208,200 $29,103
2022 $168,000 $8,897 $175,167 $159,103
Explore More Nonprofits
Top 100 Nonprofits in Iowa Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare AFRICAN-AMERICAN BUSINESS ASSOCIATION INC with other nonprofits in Iowa and across the country.