Palm Beach County Black Business I… - 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

Formation Year

1987

Legal Domicile

Principal Officer

Pamela Stewart

Phone

5618458055

Tax Period

2024-10-01 to 2025-09-30

Palm Beach County Black Business Investment Corporation, founded in 1987, is a small nonprofit that reported $849K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $241K, a strong 28% operating margin.

Mission

The mission of the Palm Beach County Black Business Investment Corporation (BBIC) is to expand the participation of Black business enterprises in all segments of Palm Beach County and the Treasure Coast Region economies by creating a perpetual flow of capital for their growth and aggressively promoting an atmosphere which is conducive to their development.

Program Service Accomplishments

Program 1

Expenses: $516,554 Revenue: $401,520

The mission of Palm Beach County Black Business Investments Corporation is to expand the participation of Black business enterprises in all segments of Palm Beach County and the Treasure Coast Region economies by creating a perpetual flow of capital for their growth and aggressively promoting an atmosphere which is conducive to their development.

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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 $206,000

Program Service Revenue $195,520

Investment Income $447,530

Other Revenue $0

TOTAL REVENUE $849,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,565

Fundraising Expenses $0

Program Expenses $516,554

Other Expenses $258,146

TOTAL EXPENSES $607,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$849,050	$904,404	-0.1%
Expenses	$607,711	$681,729	-0.1%
Net Income	$241,339	$222,675	+0.1%

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

$114,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pamela Stewart	President & CEO	40.00	Officer	$114,240	$0	$114,240
Jamie Howe	Director	2.00	Director	$0	$0	$0
Charles Keys III	Chairman	2.00	Officer Director	$0	$0	$0
Steven Eassa	Treasurer	2.00	Officer Director	$0	$0	$0
Timothy Thompson	Director	2.00	Director	$0	$0	$0
Randy Walker	Director	2.00	Director	$0	$0	$0
Maya Chandler	Director	2.00	Director	$0	$0	$0
Edwin Ferguson	Director	2.00	Director	$0	$0	$0
Sean Chaderton	Secretary	2.00	Officer Director	$0	$0	$0
Alexis Rosario	Director	2.00	Director	$0	$0	$0
Bryant Ruiz	Director	2.00	Director	$0	$0	$0
Bobby Saint-Preux	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
2025	$849,050	$607,711	$6,713,316	$241,339
2024	$904,404	$681,729	$6,132,419	$222,675
2023	$1,107,024	$520,526	$5,410,963	$586,498
2022	$106,296	$388,183	$4,825,109	$-281,887
2021	$1,655,774	$384,886	$5,091,598	$1,270,888
2020	$304,729	$270,241	$3,798,169	$34,488
2019	$224,632	$236,850	$3,740,563	$-12,218
2018	$252,648	$282,390	$3,752,781	$-29,742

Palm Beach County Black Business Investment Corporation