THE GREATER AUGUSTA BLACK CHAMBER OF COMMERCE INC (EIN 811272818) - 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

2016

Legal Domicile

Principal Officer

RONIC WEST

Phone

7067508895

Tax Period

2022-06-01 to 2023-05-31

THE GREATER AUGUSTA BLACK CHAMBER OF COMMERCE INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $819K in total revenue in fiscal year 2022. The organization ran a surplus of $691K, a strong 84% operating margin.

Mission

GABBC MISSION IS TO FOSTER STABIILITY FOR BUSINESSES IN THE CSRA THOUGH ADVOCACY, NETWORKING, DISCOVERY, AND STRAEGIC PARTNERSHIPS

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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 $818,014

Program Service Revenue $1,362

Investment Income $4

Other Revenue $0

TOTAL REVENUE $819,380

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $25,192

Fundraising Expenses $30,650

Program Expenses $86,837

Other Expenses $95,982

TOTAL EXPENSES $128,674

Year-over-Year Comparison

	2022	2021	Change
Revenue	$819,380	N/A	N/A
Expenses	$128,674	N/A	N/A
Net Income	$690,706	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

$98,058

Total Directors

$98,058

Key Employees

$97,483

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONIC WEST	PRESIDENT/EXEC DIR	040.00	Officer Director Key Emp	$65,119	$0	$65,119
SHAGRALIA HAMMOND	VP AT-LARGE	030.00	Officer Director Key Emp	$32,364	$0	$32,364
ISMAIL ABDUL-RAHMAN	VP MARKETING	001.00	Officer Director	$575	$0	$575
KIGWANA CHERRY	VICE PRESIDENT	020.00	Officer Director	$0	$0	$0
LUMUS VICK	VP AT LARGE	N/A	Officer Director	$0	$0	$0
DEVONA RANSOM	CFO	001.00	Director	$0	$0	$0
LATASHA BELLAMY	INTERIM CFO	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
2024	No data	No data	No data	No data
2023	$819,380	$128,674	$1,005,678	$690,706
2022	$541,444	$235,792	$315,893	$305,652

THE GREATER AUGUSTA BLACK CHAMBER OF COMMERCE INC