RIVERSIDE COUNTY BLACK CHAMBER OF … - 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

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

RIVERSIDE COUNTY BLACK CHAMBER OF COMMERCE is a small nonprofit that reported $630K in total revenue in fiscal year 2021. Revenue decreased 11% compared to the prior year.

Mission

"To identify and increase economic development opportunities for African American, Veteran, and other minority businesses. We are committed to improve the mind, body and spirit of our members and the community. Our goal is to increase the number and the success of African American and minority businesses in Riverside County, while developing a pipeline of future entrepreneurs through better education and healthier holistic habits for better outcomes."

Program Service Accomplishments

Program 1

Expenses: $41,010 Revenue: $139,866

YOUTH AFTER SCHOOL PROGRAM FOR ENTREPRENEURAL AND LEADERSHIP TRAINING IN CONJUNCTION WITH RIVERSIDE UNIVERSITY HEALTH SYSTEM TO REDUCE THE RISK OF DEVELOPING MENTAL HEALTH PROBLEMS INCREASE RESILIENCY

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,444

Program Service Revenue $621,801

Investment Income $0

Other Revenue $0

TOTAL REVENUE $630,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,137

Fundraising Expenses $0

Program Expenses $326,022

Other Expenses $210,328

TOTAL EXPENSES $669,597

Year-over-Year Comparison

	2021	2020	Change
Revenue	$630,245	$710,009	-0.1%
Expenses	$669,597	$693,510	0.0%
Net Income	$-39,352	$16,499	-3.4%

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

N/A

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

$132,535

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEPI JACKSON	CEO	40	Officer	$72,535	$0	$72,535
SYLVIA JACKSON	DIRECTOR	40	Officer	$60,000	$0	$60,000

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
2021	$630,245	$669,597	$111,668	$-39,352
2020	$710,009	$693,510	$158,249	$16,499
2019	$572,611	$667,370	$79,125	$-94,759
2018	$433,828	$376,435	$69,700	$57,393

RIVERSIDE COUNTY BLACK CHAMBER OF COMMERCE