Innovation Black Chamber of Commerce (EIN 843410441) - 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

2019

Legal Domicile

Principal Officer

RONNIE RUSSELL

Phone

2544159951

Tax Period

2023-01-01 to 2023-12-31

Innovation Black Chamber of Commerce, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $120K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

To promote the economic development of business entities within the He

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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 (2023)

Revenue Breakdown

Contributions & Grants $120,069

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,069

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $2,089

Fundraising Expenses $0

Program Expenses $71,002

Other Expenses $107,559

TOTAL EXPENSES $121,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,069	$99,740	+0.2%
Expenses	$121,648	$104,213	+0.2%
Net Income	$-1,579	$-4,473	-0.6%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

100

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
VICTORIA ODOM	Vice President	N/A	Officer Director	$0	$0	$0
RONNIE RUSSELL	PresidentChairman	N/A	Officer	$0	$0	$0
DR CLAUDETTE MORGAN-SCOTT	Secretary	N/A	Officer	$0	$0	$0
JACQUELINE TOWNSEND	Treasurer	N/A	Officer	$0	$0	$0
TAVARES BETHEL	Director of Military A	N/A	Director	$0	$0	$0
MAYOR ANDY WILLIAMS	Director of Leadership	N/A	Director	$0	$0	$0
ANGENET WILKERSON	Director of Public Rel	N/A	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
2023	$120,069	$121,648	$14,023	$-1,579
2022	$99,740	$104,213	$17,387	$-4,473
2021	$95,516	$88,196	$28,786	$7,320

Innovation Black Chamber of Commerce