Cook County Black Chamber of Comme… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

ANDREA J HIBBLER

Phone

3127947765

Tax Period

2021-01-01 to 2021-12-31

Cook County Black Chamber of Commerce Corporation, founded in 2019, is a small nonprofit that reported $574K in total revenue in fiscal year 2021. Revenue surged 240% from the prior year, signaling strong growth momentum.

Mission

To increase black-owned businesses to 60% in County County by 2025. To increase economic growth and development in disinvested communities To advocate for the increase in wealth in black communities.

Program Service Accomplishments

Program 1

Expenses: $293,127 Revenue: $293,127

Business Advising and Technical Assistance Program Marketing, Presentations and Workshops Program Events and Post Program Business Advising Program Training Sessions

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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 (2021)

Revenue Breakdown

Contributions & Grants $64,416

Program Service Revenue $509,313

Investment Income $0

Other Revenue $0

TOTAL REVENUE $573,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,651

Fundraising Expenses $0

Program Expenses $293,127

Other Expenses $37,757

TOTAL EXPENSES $567,408

Year-over-Year Comparison

	2021	2020	Change
Revenue	$573,729	$168,965	+2.4%
Expenses	$567,408	$180,466	+2.1%
Net Income	$6,321	$-11,501	-1.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA J HIBBLER	CEO and Founder	N/A	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
2021	$573,729	$567,408	No data	$6,321

Cook County Black Chamber of Commerce Corporation