Colorado Black Chamber of Commerce

EIN: 840817700

Denver, CO

Total Revenue
$228,022
Total Expenses
$309,463
Total Assets
$58,568
Net Assets
$56,111
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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
1988
Phone
3038310746
Tax Period
2023-01-01 to 2023-12-31

Colorado Black Chamber of Commerce, founded in 1988, is a small nonprofit that reported $228K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $309K exceeded revenue, resulting in a 36% operating deficit.

Mission

To support the initiatives of African American business owners and foster an enterprise that focuses on success and viability.

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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 (2023)

Revenue Breakdown

Contributions & Grants $228,022
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $228,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,026
Fundraising Expenses $0
Program Expenses $45,000
Other Expenses $179,437
TOTAL EXPENSES $309,463

Year-over-Year Comparison

2023 2022 Change
Revenue $228,022 $208,892 +0.1%
Expenses $309,463 $208,490 +0.5%
Net Income $-81,441 $402 -203.6%
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
15
Independent Members
15
Employees
3
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
4
$78,092
Total Directors
15
$78,092
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Malcolm Evans President N/A
Officer Director
$0 $0 $0
Heather Barry Vice President N/A
Officer Director
$0 $0 $0
Elester Townsend Treasurer N/A
Officer Director
$0 $0 $0
Angela Norris-Hawkins Secretary N/A
Officer Director
$78,092 $0 $78,092
Daniel Brown Member N/A
Director
$0 $0 $0
Jared Casey Member N/A
Director
$0 $0 $0
Stevie DeGroff Member N/A
Director
$0 $0 $0
Brenda Fuller Member N/A
Director
$0 $0 $0
Jake Gilmore Member N/A
Director
$0 $0 $0
Mark Brown Member N/A
Director
$0 $0 $0
Layne Banks Member N/A
Director
$0 $0 $0
Richard Lewis Member N/A
Director
$0 $0 $0
Murugan Palani Member N/A
Director
$0 $0 $0
Pamela Rue Member N/A
Director
$0 $0 $0
Cliff Waters Member N/A
Director
$0 $0 $0
Lee K Gash-Maxey Executive Director N/A
Highest
$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 $228,022 $309,463 $58,568 $-81,441
2023 $228,022 $309,463 $58,568 $-81,441
2022 $208,892 $208,490 $142,009 $402
2021 $268,568 $153,719 $139,607 $114,849
2018 $168,813 $198,570 $12,023 $-29,757
2017 $176,416 $192,968 $33,220 $-16,552
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