Fort Worth Black Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 751867189
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Fort Worth, TX, USA
- Phone
- 8178716538
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $804,594
- Expenses
- $855,072
- Assets
- $151,257
- Liabilities
- $8,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Michelle Green-Ford (President CEO)
Highest reported compensation
- Michelle Green-Ford (President CEO): $114,823 total reported compensation
- William Johnson: $82,319 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the chamber is to provide business opportunities and generate increased spending in the community. The chamber activity promotes an environment which creates equitable and profitable opportunities for minority businesses through various member services.
What it reported doing in 2024
Business development provides seminars and training tp members relating to business opportunities and development.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.1%; rating input score 44
- Program expense ratio: 41.4%; rating input score 41
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6.3%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 23.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 44.1% of revenue deployed · 41.4% of spending went to programs
- Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $115K · 18 people listed
- Highest-paid contractors: 2 contractors listed · $25K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- Moderate — Financial Efficiency: Program expense ratio scored 41/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.