Indy Black Chamber of Commerce Inc (EIN 473838695) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

Larry Williams Jr

Phone

8334394222

Tax Period

2024-01-01 to 2024-12-31

Indy Black Chamber of Commerce Inc, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $931K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $862K left a modest 7% surplus.

Mission

Our mission is to serve as a comprehensive resource for developing Black and Minorityowned businesses

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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 (2024)

Revenue Breakdown

Contributions & Grants $916,986

Program Service Revenue $0

Investment Income $14,078

Other Revenue $0

TOTAL REVENUE $931,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,434

Fundraising Expenses $10,767

Program Expenses $309,254

Other Expenses $457,011

TOTAL EXPENSES $862,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,064	$673,752	+0.4%
Expenses	$862,445	$615,116	+0.4%
Net Income	$68,619	$58,636	+0.2%

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

$158,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WILLIAMS	CoFounder	40.00	Officer	$106,591	$0	$106,591
ANITA WILLIAMS	CoFounder	40.00	Officer	$51,450	$0	$51,450
KATRINA STOVAL	Board Secretary	3.00	Director	$0	$0	$0
JAMIE WALTON	Board Member	1.00	Director	$0	$0	$0
REGINA WARREN	Board Member	1.00	Director	$0	$0	$0
CELESTE JONES	Board Vice CoChair	1.00	Officer Director	$0	$0	$0
WHITLEY YATES	Board Member	1.00	Director	$0	$0	$0
THOMAS GRIFFIN	Board Vice CoChair	1.00	Officer Director	$0	$0	$0
COURTNEY BROOKINS	Board Member	2.00	Director	$0	$0	$0
GARY NAYLOR	Board Member	1.00	Director	$0	$0	$0
DARRICK JONES	Board Member	1.00	Director	$0	$0	$0
RENEA GATES	Board Member	1.00	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	$931,064	$862,445	$904,384	$68,619
2023	$673,752	$615,116	$862,370	$58,636
2022	$789,345	$448,276	$784,594	$341,069
2021	$493,697	$272,113	$442,174	$221,584
2020	$243,325	$231,310	$19,287	$12,015

Indy Black Chamber of Commerce Inc