The Black Chamber of Commerce of Maryland

EIN: 474224035 501(c)(3) Community Improvement

Silver Spring, MD

Total Revenue
$387,356
Total Expenses
$365,455
Total Assets
$247,691
Net Assets
$247,691
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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
MD
Phone
2406919430
Tax Period
2025-01-01 to 2025-12-31

The Black Chamber of Commerce of Maryland, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $387K in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $365K left a modest 6% 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.

Program Service Accomplishments

Program 1
Expenses: $161,496

Hosting programs and events that promote business development and growth for businesses throughout Maryland.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $312,601
Program Service Revenue $69,482
Investment Income $5,273
Other Revenue $0
TOTAL REVENUE $387,356

Expense Breakdown

Grants Paid $1,550
Salaries & Benefits $125,117
Fundraising Expenses $0
Program Expenses $161,496
Other Expenses $218,525
TOTAL EXPENSES $365,455

Year-over-Year Comparison

2025 2024 Change
Revenue $387,356 $731,588 -0.5%
Expenses $365,455 $654,065 -0.4%
Net Income $21,901 $77,523 -0.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
1
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
0
$0
Total Directors
16
$115,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth White President & CEO 40.00
Director
$115,730 $0 $115,730
Venice Mundle-Harvey Treasurer 2.00
Director
$0 $0 $0
Shanton Kittler Chairman 2.00
Director
$0 $0 $0
Marva Jo Camp Director 2.00
Director
$0 $0 $0
Stacey Brown Treasurer 2.00
Director
$0 $0 $0
Eben Smith Director 2.00
Director
$0 $0 $0
Pam Scott Director 2.00
Director
$0 $0 $0
Patrice Forbes 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
Florence Amate Director 2.00
Director
$0 $0 $0
Jerry Sanford Director 2.00
Director
$0 $0 $0
Jody Friend Director 2.00
Director
$0 $0 $0
David Smith Director 2.00
Director
$0 $0 $0
Kenneth White President & CEO 40.00
$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
2025 $387,356 $365,455 $247,691 $21,901
2024 $731,588 $654,065 $225,790 $77,523
2023 $938,510 $838,468 $148,266 $100,042
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