Black Business Association of Memphis TN (EIN 621008876) - 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

1974

Legal Domicile

Principal Officer

Alan A Gumbel

Phone

9016369300

Tax Period

2022-07-01 to 2023-06-30

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.

Mission

The BBA of Memphis is a 501 c6 organization established to serve as an advocacy organization that provides continuous support to the Minority and Women owned businesses in the Memphis, TN region.

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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 $1,050,040

Program Service Revenue $0

Investment Income $1,085

Other Revenue $0

TOTAL REVENUE $1,051,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,549

Fundraising Expenses $0

Program Expenses $468,346

Other Expenses $90,508

TOTAL EXPENSES $494,057

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

$208,538

Highest Compensated

reported

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

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
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

Black Business Association of Memphis TN