CALIFORNIA BLACK CHAMBER OF COMMERCE FOUNDATION (EIN 680416294) - 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

1994

Legal Domicile

Principal Officer

JAY KING III

Phone

9164678878

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA BLACK CHAMBER OF COMMERCE FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $518K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $501K left a modest 3% surplus.

Mission

SMALL AND MINORITY BUSINESS ADVOCACY.

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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 $254,729

Program Service Revenue $263,720

Investment Income $0

Other Revenue $0

TOTAL REVENUE $518,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,000

Fundraising Expenses $0

Program Expenses $379,224

Other Expenses $434,244

TOTAL EXPENSES $501,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$518,449	$3,602,107	-0.9%
Expenses	$501,244	$650,032	-0.2%
Net Income	$17,205	$2,952,075	-1.0%

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

$67,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY KING III	President & CEO	10.00	Director	$67,000	$0	$67,000
RUTH ARTATES-REZAIE	CFO	4.00	Director	$0	$0	$0
DELORES E THOMPSON	Secretary	4.00	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
2024	$518,449	$501,244	$4,291,421	$17,205
2023	$842,107	$650,032	$90,644	$192,075
2023	$3,602,107	$650,032	$2,850,644	$2,952,075
2022	$524,709	$471,950	$257,505	$52,759
2021	$443,909	$504,437	$55,388	$-60,528
2020	$957,726	$861,559	$115,916	$96,167
2019	$562,436	$597,352	$14,373	$-34,916
2018	$636,959	$695,087	$52,415	$-58,128
2017	$564,601	$585,376	$109,552	$-20,775

CALIFORNIA BLACK CHAMBER OF COMMERCE FOUNDATION