US Black Chambers Inc

EIN: 800483124 Community Improvement

Washington, DC

Total Revenue
$3,009,012
Total Expenses
$3,801,180
Total Assets
$3,415,418
Net Assets
$3,011,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DC
Principal Officer
Ronald Busby
Phone
2024638722
Tax Period
2023-01-01 to 2023-12-31

US Black Chambers Inc, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 26% operating deficit.

Mission

The USBC provides committed and visionary leadership and advocacy in the realization of economic empowerment. Through the creation and development of resources and initiatives, the Chamber seeks to support African American Chambers in their work developing Black entreprenuers.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,288,411
Program Service Revenue $687,601
Investment Income $0
Other Revenue $33,000
TOTAL REVENUE $3,009,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,487,975
Fundraising Expenses $0
Other Expenses $2,313,205
TOTAL EXPENSES $3,801,180

Year-over-Year Comparison

2023 2022 Change
Revenue $3,009,012 $3,951,171 -0.2%
Expenses $3,801,180 $3,408,120 +0.1%
Net Income $-792,168 $543,051 -2.5%
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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Governance

Voting Members
9
Independent Members
8
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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Vanderbilt Director 2.00
Director
$0 $0 $0
Larry Holman Director 2.00
Director
$0 $0 $0
Veta Jeffrey Director 2.00
Director
$0 $0 $0
Kelisha Garrett Director 2.00
Director
$0 $0 $0
Antwanye Ford Vice Chair 2.00
Officer Director
$0 $0 $0
Charles O'Neal Chairman of the Board 2.00
Officer Director
$0 $0 $0
Bridgett Gagne Treasurer 2.00
Officer Director
$0 $0 $0
Aimee Griffin Secretary 2.00
Officer Director
$0 $0 $0
Ronald Busby President and CEO 60.00
Officer Highest
$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 $3,009,012 $3,801,180 $3,415,418 $-792,168
2022 $3,951,171 $3,408,120 $4,170,960 $543,051
2021 $4,255,742 $2,158,299 $3,451,463 $2,097,443
2020 $2,127,078 $1,448,966 $1,250,574 $678,112
2019 $1,802,931 $1,737,418 $883,792 $65,513
2018 $977,494 $1,014,187 $385,035 $-36,693
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