BBA Foundation of Memphis Inc

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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

2010

Legal Domicile

Principal Officer

Alan A Gumbel

Phone

9016369300

Tax Period

2022-07-01 to 2023-06-30

BBA Foundation of Memphis Inc, founded in 2010, is a micro nonprofit in the Human Services sector that reported $75K in total revenue in fiscal year 2022. The organization ran a surplus of $58K, a strong 78% operating margin.

Mission

The organizations mission is to improve the economic well being of the Memphis, TN region by developing successful entrepreneurs through education, advocacy and business development

Program Service Accomplishments

Program 1

Expenses: $16,808 Revenue: $75,000

The Black Business Association Foundation is a 501c3 business organization formed in 2010 in Memphis Tennessee. BBA Foundation serves as one of lthe leaders 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 Foundation 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 for the fiscal year ended June 30, 2023.

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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 $75,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,808

Other Expenses $16,808

TOTAL EXPENSES $16,808

Year-over-Year Comparison

	2022	2021	Change
Revenue	$75,000	N/A	N/A
Expenses	$16,808	N/A	N/A
Net Income	$58,192	N/A	N/A

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

Key Employees

$208,538

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ernest D Strickland	President/CEO	N/A	Key Emp	$0	$0	$149,992
Alan A Gumbel	Chief Operation Officer	N/A	Key Emp	$0	$0	$58,546
Carless McCullough Esq	Treasurer	N/A	Officer Director	$0	$0	$0
Mark Yates	Chairman	N/A	Officer Director	$0	$0	$0
Michael A Hooks Jr	Secretary	N/A	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	$75,000	$16,808	$58,192	$58,192
2022	No data	No data	No data	No data
2021	No data	No data	No data	No data
2020	No data	No data	No data	No data
2019	No data	No data	No data	No data