The Black Chamber of Commerce of Maryland (EIN 474224035) - 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

2018

Legal Domicile

Phone

2406919430

Tax Period

2024-01-01 to 2024-12-31

The Black Chamber of Commerce of Maryland, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $732K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $654K left a modest 11% surplus.

Mission

To educate, advocate for, empower and equip black business owners with the right tools and resources to help them grow and attain success.

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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 $712,529

Program Service Revenue $17,016

Investment Income $2,043

Other Revenue $0

TOTAL REVENUE $731,588

Expense Breakdown

Grants Paid $346,739

Salaries & Benefits $126,495

Fundraising Expenses $0

Program Expenses $442,050

Other Expenses $163,550

TOTAL EXPENSES $654,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$731,588	$938,510	-0.2%
Expenses	$654,065	$838,468	-0.2%
Net Income	$77,523	$100,042	-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

$117,386

Total Directors

$117,386

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth White	President & CEO	40.00	Officer Director	$117,386	$0	$117,386
Kenneth White	President & CEO	40.00		$117,386	$0	$117,386
Nelson Davy	Chairman	2.00	Director	$0	$0	$0
Shanton Kittler	Director	2.00	Director	$0	$0	$0
Marva Jo Camp	Secretary	2.00	Director	$0	$0	$0
Jerome Weems	Treasurer	2.00	Director	$0	$0	$0
Ijenna Aluko	Director	2.00	Director	$0	$0	$0
Pam Scott	Director	2.00	Director	$0	$0	$0
Michelle Taylor	Director	2.00	Director	$0	$0	$0
John Hale III	Director	2.00	Director	$0	$0	$0
Roderick Johnson	Director	2.00	Director	$0	$0	$0
Tereance R Moore	Director	2.00	Director	$0	$0	$0
Toni Bowie	Director	2.00	Director	$0	$0	$0
Ronald Hopkins	Director	2.00	Director	$0	$0	$0
Venice Mundle-Harvey	Director	2.00	Director	$0	$0	$0
Jerry Sanford	Director	2.00	Director	$0	$0	$0
Eben Smith	Director	2.00	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	$731,588	$654,065	$225,790	$77,523
2023	$938,510	$838,468	$148,266	$100,042

The Black Chamber of Commerce of Maryland