NORTHWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION (EIN 593001127) - 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

1991

Legal Domicile

Principal Officer

SHERWOOD BROWN SR

Phone

8508935100

Tax Period

2022-01-01 to 2022-12-31

NORTHWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION, founded in 1991, is a small nonprofit that reported $167K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 25% operating margin.

Mission

TO FACILITATE THE FINANCING OF PROJECTS UNDERTAKEN BY AFRICAN-AMERICANS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $166,582

Other Revenue $0

TOTAL REVENUE $166,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,450

Fundraising Expenses $0

Program Expenses $93,693

Other Expenses $70,844

TOTAL EXPENSES $125,294

Year-over-Year Comparison

	2022	2021	Change
Revenue	$166,582	$144,793	+0.2%
Expenses	$125,294	$86,223	+0.5%
Net Income	$41,288	$58,570	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE ADAMS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
THOMAS KEITH BOWERS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
HAROLD M KNOWLES	DIRECTOR	N/A	Director	$0	$0	$0
KEITHEN V MATHIS	TREASURER	N/A	Officer Director	$0	$0	$0
SHERWOOD BROWN SR	EXECUTIVE DI	N/A	Officer	$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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$166,582	$125,294	$4,363,074	$41,288
2021	$144,793	$86,223	$4,322,118	$58,570
2020	$148,851	$138,904	$4,277,287	$9,947
2018	$152,617	$88,967	$4,200,199	$63,650

NORTHWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION