VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMM

EIN: 850797003 501(c)(3) Community Improvement

FREDERICKSBURG, VA

Total Revenue
$213,418
Total Expenses
$176,862
Total Assets
$7,662
Net Assets
$-63,706
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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
2020
Legal Domicile
VA
Phone
5402160021
Tax Period
2024-01-01 to 2024-12-31

VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMM, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $213K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $37K, a strong 17% operating margin.

Mission

SEE SCH O

Program Service Accomplishments

Program 1
Expenses: $86,153 Revenue: $41,478

ENTREPRENEURSHIP & SMALL BUSINESS DEVELOPMENT A NETOWKRING INITIATIVE THAT BRIDGES THE GAP IN WEALTH BY CONNECTING BLACK OWNED BUSINESSES TO CONSUMERS THROUGHOUT THE COMMUNITY.

Program 2
Expenses: $40,373 Revenue: $16,071

EDUCATION & TRAINING PROGRAM TO ENCOURAGE NEW BUSINESS OWNERS AND HELP FURTHER BLACK BUSINESSES.

Program 3
Expenses: $14,961 Revenue: $119,494

VA BLACK BUSINESS DIRECTORY ORGANIZATIONS AND BUSINESSES ARE LISTED IN THE DIRECTORY. THE VABBD HAS CONTINUED TO INCREASE BUSINESS MEMBERSHIP THROUGH VARIOUS OPPORTUNITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,952
Program Service Revenue $180,466
Investment Income $0
Other Revenue $0
TOTAL REVENUE $213,418

Expense Breakdown

Grants Paid $4,500
Salaries & Benefits $59,203
Fundraising Expenses $2,323
Program Expenses $155,434
Other Expenses $113,159
TOTAL EXPENSES $176,862

Year-over-Year Comparison

2024 2023 Change
Revenue $213,418 $307,717 -0.3%
Expenses $176,862 $361,490 -0.5%
Net Income $36,556 $-53,773 -1.7%
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
8
Independent Members
7
Employees
1
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
$53,650
Total Directors
3
$53,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNISHA HALL FOUNDER- PRESIDENT -TREASURER 24.00
Officer Director
$53,650 $0 $53,650
TRACEY HALL FOUNDER-VICE PRESIDENT-SECRETARY 10.00
Officer Director
$0 $0 $0
MICHELLE RIDDICK HON FOUNDER 25.00
Officer Director
$0 $0 $0
LAURASHA LOVETT DIRECTOR AND EDUC COORDINATOR 5.00
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
2024 $213,418 $176,862 $7,662 $36,556
2023 $292,964 $348,011 $3,377 $-55,047
2023 $307,711 $361,490 $3,377 $-53,779
2023 $307,711 $361,490 $3,377 $-53,779
2022 $218,648 $266,901 $7,207 $-48,253
2022 $217,667 $268,145 $4,972 $-50,478
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