GREATER AUSTIN BLACK CHAMBER OF CO… - 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

2001

Legal Domicile

Principal Officer

TAM HAWKINS

Phone

5124591181

Tax Period

2022-10-01 to 2023-09-30

GREATER AUSTIN BLACK CHAMBER OF COMMERCE, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $346K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $82K, a strong 24% operating margin.

Mission

TO PROMOTE THE DEVELOPMENT OF AFRICAN AMERICAN BUSINESSES AND THE EXPANSION OF THE BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

PROMOTES THE DEVELOPMENT OF AFRICAN AMERICAN BUSINESSES AND THE EXPANSION OF THE BUSINESS COMMUNITY.

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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 $345,580

Program Service Revenue $0

Investment Income $28

Other Revenue $0

TOTAL REVENUE $345,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,523

Fundraising Expenses $0

Other Expenses $94,171

TOTAL EXPENSES $263,694

Year-over-Year Comparison

	2022	2021	Change
Revenue	$345,608	$478,014	-0.3%
Expenses	$263,694	$292,720	-0.1%
Net Income	$81,914	$185,294	-0.6%

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

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

$82,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN ELKINS	MEMBER	2.000	Officer Director	$0	$0	$0
ROGER DAVIS	MEMBER	2.000	Officer Director	$0	$0	$0
THOMAS MIRANDA	MEMBER	2.000	Officer	$0	$0	$0
LAHOMA DADE	SECRETARY	2.000	Director	$0	$0	$0
EMILY ROLLINS	TREASURER	2.000	Director	$0	$0	$0
TIWANNA A KENNEY	DIRECTOR	2.000	Director	$0	$0	$0
LESLIE WINGO	MEMBER	2.000	Officer	$0	$0	$0
SOCAR THOMAS	MEMBER	2.000	Officer Director	$0	$0	$0
DR KAZIQUE PRINCE	PRESIDENTCEO	2.000	Officer	$0	$0	$0
TAM HAWKINS	DIRECTOR	40.00	Director	$82,500	$0	$82,500

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	$345,608	$263,694	$468,340	$81,914
2022	$478,014	$292,720	$395,824	$185,294
2021	$398,117	$283,674	$205,243	$114,443
2020	$200,825	$197,255	$89,658	$3,570
2019	$227,930	$246,950	$85,205	$-19,020
2018	$227,157	$205,019	$103,257	$22,138

GREATER AUSTIN BLACK CHAMBER OF COMMERCE