Memphis, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Black Business Association of Memphis TN, founded in 1974, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $557K, a strong 53% operating margin.
The Organizations mission is to improve the economic well being and quality of life of all stakeholders in the Memphis region by developing successful entrepreneurs through adovocacy, education and business development.
The Black Business Association of Memphis BBA is a 501c6 business organization incorporated in 1978 in Memphis Tennessee. BBA serves as a leader in minority business development, with a focus on...
The Black Business Association of Memphis BBA is a 501c6 business organization incorporated in 1978 in Memphis Tennessee. BBA serves as a leader in minority business development, with a focus on assisting Black Entrepreneurs, business owners and professionals in the successful navigation and participation of the Memphis MSA business Landscape. BBA serves as an advocacy organization as well as a convener and collaborator for the success of black business growth and development, which is the key to elevating the Memphis economy. In the fiscal year, which ended June 30, 2023, BBA team focused on building strong organizational systems, processes and programs in order to support the new vision of the BBA board and leadership.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $1,051,125 | $551,090 | +0.9% |
| Expenses | $494,057 | $314,119 | +0.6% |
| Net Income | $557,068 | $236,971 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ernest Strickland | President/CEO | 040.00 |
Key Emp
|
$149,992 | $0 | $149,992 |
| Alan A Gumbel | Chief Operating Officer | 040.00 |
Key Emp
|
$58,546 | $0 | $58,546 |
| Mark Yates | Chairman | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Carlee McCullough Esq | Treasurer | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael A Hooks Jr | Secretary | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $1,051,125 | $494,057 | $1,269,376 | $557,068 |
| 2022 | $551,090 | $314,119 | $644,140 | $236,971 |
| 2021 | $1,544,951 | $1,479,825 | $465,503 | $65,126 |
| 2020 | $314,468 | $283,008 | $362,044 | $31,460 |
| 2019 | $319,312 | $261,566 | $182,584 | $57,746 |
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