ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS

EIN: 010365191

WARRENTON, VA

Total Revenue
$3,625,572
Total Expenses
$3,650,334
Total Assets
$2,555,179
Net Assets
$2,435,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
ME
Principal Officer
C EDWARD ROWE III
Phone
7039302961
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS, founded in 1979, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring.

Mission

TO REPRESENT THE COLLECTIVE INTEREST OF OUR MEMBERS BY PROMOTING, INFORMING, SUPPORTING AND CONTINUOUSLY IMPROVING THE SMALL BUSINESS DEVELOPMENT CENTERS NETWORK, WHICH DELIVERS NATIONWIDE EDUCATIONAL ASSISTANCE TO STRENGTHEN SMALL/MEDIUM BUSINESS MANAGEMENT, THEREBY CONTRIBUTING TO THE GROWTH OF LOCAL, STATE AND NATIONAL ECONOMIES.

Program Service Accomplishments

Program 1

THE ASSOCIATION REPRESENTS THE COLLECTIVE INTERESTS OF ITS MEMBERS BY PROMOTING, INFORMING, SUPPORTING AND CONTINUOUSLY IMPROVING THE SMALL BUSINESS CENTERS NETWORK, WHICH DELIVERS NATIONWIDE...

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THE ASSOCIATION REPRESENTS THE COLLECTIVE INTERESTS OF ITS MEMBERS BY PROMOTING, INFORMING, SUPPORTING AND CONTINUOUSLY IMPROVING THE SMALL BUSINESS CENTERS NETWORK, WHICH DELIVERS NATIONWIDE EDUCATIONAL ASSISTANCE TO STRENGTHEN SMALL/MEDIUM BUSINESS MANAGEMENT, THEREBY CONTRIBUTING TO THE GROWTH OF LOCAL, STATE AND NATIONAL ECONOMIES. THE ASSOCIATION CONDUCTS CONFERENCES AND MEETINGS TO PROVIDE A MEDIUM OF COMMUNICATION AND EXCHANGE OF INFORMATION AMONG THE MEMBERS. THE ASSOCIATION ALSO FACILITATES THE PURCHASE OF WORKSHOP MATERIALS OF VALUE TO THE MEMBERS' SMALL BUSINESS DEVELOPMENT CENTERS COUNSELORS.

Program 2

SINCE 1994 THE SMALL BUSINESS ACT PROVIDES THAT THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) CONTRACT WITH THE ASSOCIATION TO PROVIDE FOR AN ACCREDITATION PROCESS FOR THE SMALL BUSINESS DEVELOPMENT...

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SINCE 1994 THE SMALL BUSINESS ACT PROVIDES THAT THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) CONTRACT WITH THE ASSOCIATION TO PROVIDE FOR AN ACCREDITATION PROCESS FOR THE SMALL BUSINESS DEVELOPMENT CENTER PROGRAM. THE SBA IS REQUIRED TO CONSIDER THE RESULTS OF THE ACCREDITATION PROCESS WHEN EVALUATING THE PERFORMANCE OF A SMALL BUSINESS DEVELOPMENT CENTER (SBDC) FOR PURPOSES OF EXTENDING OR RENEWING ITS COOPERATIVE AGREEMENT. THE ASSOCIATION PERFORMS AN ACCREDITATION ON EACH SBDC GRANTEE ONCE EVERY FOUR YEARS. THE ASSOCIATION PROVIDES WRITTEN REPORTS OF THE RESULTS OF EACH ACCREDITATION TO THE SBA FOR ITS USE. THE ACCREDITATION PROCESS USED IS BASED ON ESTABLISHED GUIDELINES AND EDUCATION AND TRAINING AND IS TO BE PROVIDED TO THE ASSOCIATION'S MEMBERS ON A REGULAR BASIS.

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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 $0
Program Service Revenue $3,625,399
Investment Income $173
Other Revenue $0
TOTAL REVENUE $3,625,572

Expense Breakdown

Grants Paid $539,062
Salaries & Benefits $949,746
Fundraising Expenses $0
Other Expenses $2,161,526
TOTAL EXPENSES $3,650,334

Year-over-Year Comparison

2023 2022 Change
Revenue $3,625,572 $8,216,087 -0.6%
Expenses $3,650,334 $8,358,989 -0.6%
Net Income $-24,762 $-142,902 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
10

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
7
$283,626
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
LISA SHIMKAT CHAIRMAN (CURRENT) 1.00
Officer Director
$0 $0 $0
LINDA ROSSI CHAIRMAN (LEFT 9/2023) 1.00
Officer Director
$0 $0 $0
KRISTIN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BYRON HICKS VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MIKE BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
LAURA FINE DIRECTOR (LEFT 9/2023) 1.00
Director
$0 $0 $0
BETH MELNIK SECRETARY 1.00
Officer Director
$0 $0 $0
MARK GREGORY TREASURER (UNTIL 9/2023) 1.00
Officer Director
$0 $0 $0
TED GUTIERREZ TREASURER (CURRENT) 1.00
Officer Director
$0 $0 $0
ELIZABETH GRAY DIRECTOR 1.00
Director
$0 $0 $0
MICHELE CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
C EDWARD ROWE III PRESIDENT/CEO 40.00
Officer
$246,762 $36,864 $283,626
DONNA ETTENSON VP OPERATIONS 40.00
Highest
$160,467 $12,972 $173,439
BRETT THIBODEAU DIRECTOR OF MEMBERSHIP SERVICES 40.00
Highest
$106,054 $7,241 $113,295
APRIL YOUNGBLUT VICE PRESIDENT OF COMMUNICATIONS 40.00
Highest
$101,400 $5,596 $106,996
CHRISTIAN CONROY DIRECTOR OF STRATEGIC INITIATIVES 40.00
Highest
$117,861 $5,227 $123,088
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 No data No data No data No data
2023 $3,625,572 $3,650,334 $2,555,179 $-24,762
2022 $8,216,087 $8,358,989 $2,331,197 $-142,902
2021 $9,990,521 $10,234,663 $3,386,085 $-244,142
2020 $8,792,979 $8,481,643 $3,459,287 $311,336
2019 $3,303,562 $3,906,876 $2,352,615 $-603,314
2018 $3,565,683 $3,768,610 $2,735,574 $-202,927
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