ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS (EIN 010365191) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

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 2018. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT ITS MEMBERS IN THEIR EFFORTS TO ASSIST THE DEVELOPMENT OF SMALL BUSINESS IN THE U.S.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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

Volunteers

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

$283,626

Total Directors

Key Employees

Highest Compensated

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

ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS