U S Black Chamber of Commerce EDC (EIN 900899831) - 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

2013

Legal Domicile

Principal Officer

Ronald Busby

Phone

2023303026

Tax Period

2023-01-01 to 2023-12-31

U S Black Chamber of Commerce EDC, founded in 2013, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 13% surplus.

Mission

The organization was formed to assist local Black Chambers of Commerce nationally with small business development and growth and to represent the business interest of African American businesses throughout the US.

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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 $3,259,734

Program Service Revenue $0

Investment Income $0

Other Revenue $6,794

TOTAL REVENUE $3,266,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $999,943

Fundraising Expenses $0

Program Expenses $2,694,546

Other Expenses $1,827,393

TOTAL EXPENSES $2,827,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,266,528	$2,824,405	+0.2%
Expenses	$2,827,336	$2,797,243	+0.0%
Net Income	$439,192	$27,162	+15.2%

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

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
Aimee Griffin	Secretary	2.00	Officer Director	$0	$0	$0
Bridgett Gagne	Treasurer	2.00	Officer Director	$0	$0	$0
CHarles O'Neal	Chairman of the Board	2.00	Officer Director	$0	$0	$0
ANtwanye Ford	Vice CHair	2.00	Officer Director	$0	$0	$0
Ronald Busby	Executive Director	10.00	Officer Key Emp	$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	$3,266,528	$2,827,336	$5,220,248	$439,192
2022	$2,824,405	$2,797,243	$4,651,063	$27,162
2021	$2,576,854	$1,176,736	$4,616,412	$1,400,118
2020	$2,939,615	$222,933	$3,090,122	$2,716,682
2019	$445,000	$427,517	$565,074	$17,483
2018	$356,000	$260,853	$119,205	$95,147

U S Black Chamber of Commerce EDC