Black Wall Street Chamber of Commerce

EIN: 825027762 Community Improvement

Tulsa, OK

Total Revenue
$322,118
Total Expenses
$146,938
Total Assets
$171,334
Net Assets
$101,267
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OK
Principal Officer
Miesha D Smith
Phone
9182694223
Tax Period
2022-01-01 to 2022-12-31

Black Wall Street Chamber of Commerce, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $322K in total revenue in fiscal year 2022. Revenue surged 233% from the prior year, signaling strong growth momentum. The organization ran a surplus of $175K, a strong 54% operating margin.

Mission

Promote the sound economic well-being of African American-owned businesses. The BWSCC serves as an advocate to unify, promote and empower the African American community through entrepreneurship, programming, economic development, education, and training in Tulsa, Oklahoma

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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 (2022)

Revenue Breakdown

Contributions & Grants $318,603
Program Service Revenue $3,515
Investment Income $0
Other Revenue $0
TOTAL REVENUE $322,118

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $17,817
Fundraising Expenses $0
Program Expenses $80,152
Other Expenses $123,121
TOTAL EXPENSES $146,938

Year-over-Year Comparison

2022 2021 Change
Revenue $322,118 $96,670 +2.3%
Expenses $146,938 $121,355 +0.2%
Net Income $175,180 $-24,685 -8.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
13

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
2
$6,250
Total Directors
12
$16,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sherry Smith President & CEO 1.00
Director
$10,000 $0 $10,000
Lindsey Corbitt President & CEO 40.00
Officer Director
$6,250 $0 $6,250
William Tisdale Sr Chairman 1.00
Director
$0 $0 $0
Darnell Blackmon Chairman 1.00
Director
$0 $0 $0
Jabari Shumate Trustee 1.00
Director
$0 $0 $0
Brittney Wycoff Trustee 1.00
Director
$0 $0 $0
Greg Robinson Trustee 1.00
Director
$0 $0 $0
Kristi Williams Trustee 1.00
Director
$0 $0 $0
Robert Guess Trustee 1.00
Director
$0 $0 $0
Terrell M Ellison Trustee 1.00
Director
$0 $0 $0
Tina Johnson Trustee 1.00
Director
$0 $0 $0
Vanessa Hall-Harper Trustee 1.00
Director
$0 $0 $0
Miesha Smith Treasurer 1.00
Officer
$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
2022 $322,118 $146,938 $171,334 $175,180
2021 $96,670 $121,355 $23,650 $-24,685
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