ATLANTA BLACK CHAMBERS FOUNDATION INC

EIN: 830911000 501(c)(3) Community Improvement

ATLANTA, GA

Total Revenue
$20,000
Total Expenses
$112,954
Total Assets
$26,000
Net Assets
$26,000
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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
2017
Legal Domicile
GA
Principal Officer
MICHAEL HILL
Phone
4047819449
Tax Period
2022-01-01 to 2022-12-31

ATLANTA BLACK CHAMBERS FOUNDATION INC, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $20K in total revenue in fiscal year 2022. Expenses of $113K exceeded revenue, resulting in a 465% operating deficit.

Mission

THE FOUNDATION IS STEADFAST IN OFFERING EDUCATIONAL AND TECHNICAL SUPPORT PROGRAMS, ALONGSIDE VITAL RESOURCES, TO ASSIST BUSINESSES AND NON-PROFITS IN THEIR JOURNEY TOWARDS GROWTH AND SUCCESS.

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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 $20,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $20,000

Expense Breakdown

Grants Paid $88,500
Salaries & Benefits $7,825
Fundraising Expenses $0
Program Expenses $110,141
Other Expenses $16,629
TOTAL EXPENSES $112,954

Year-over-Year Comparison

2022 2021 Change
Revenue $20,000 N/A N/A
Expenses $112,954 N/A N/A
Net Income $-92,954 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

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Governance

Voting Members
3
Independent Members
3
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
3
$6,000
Total Directors
3
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HILL SECRETARY 015.00
Officer Director
$4,500 $0 $4,500
JOYCE RHODES CEO 015.00
Officer Director
$1,500 $0 $1,500
JOSEPH JOHNSON JR CFO 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
2022 $20,000 $112,954 $26,000 $-92,954
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