Springfield Business Improvement District Inc

EIN: 043428312 Community Improvement

springfield, MA

Total Revenue
$1,312,836
Total Expenses
$1,376,687
Total Assets
$2,032,775
Net Assets
$1,895,533
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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
1998
Legal Domicile
MA
Phone
4137811591
Tax Period
2022-07-01 to 2023-06-30

Springfield Business Improvement District Inc, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year.

Mission

Promote the developmnet of business and economic activity within the business improvement district in Springfield, Massachusetts.

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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 (2022)

Revenue Breakdown

Contributions & Grants $305,388
Program Service Revenue $924,412
Investment Income $12,196
Other Revenue $70,840
TOTAL REVENUE $1,312,836

Expense Breakdown

Grants Paid $63,368
Salaries & Benefits $377,256
Fundraising Expenses $0
Other Expenses $936,063
TOTAL EXPENSES $1,376,687

Year-over-Year Comparison

2022 2021 Change
Revenue $1,312,836 $1,395,180 -0.1%
Expenses $1,376,687 $1,310,690 +0.1%
Net Income $-63,851 $84,490 -1.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
11

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
$85,748
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Russell Former ED 40.00
$0 $0 $245,683
Michelle Grout Executive Dir. 40.00
Officer
$0 $0 $85,748
James Hickson Chairman 2.00
Officer Director
$0 $0 $0
Keith Weppler Vice Chairman 2.00
Officer Director
$0 $0 $0
Paul Marcelina Treasurer 2.00
Officer Director
$0 $0 $0
Jeffrey Fialky Clerk 1.00
Director
$0 $0 $0
Evan Plotkin Director 1.00
Director
$0 $0 $0
Sara Smith Director 1.00
Director
$0 $0 $0
Paul Lessard Director 1.00
Director
$0 $0 $0
Augustine Kim Director 1.00
Director
$0 $0 $0
Raipher Peligrino Chairman 1.00
Director
$0 $0 $0
Brian Connors 01103 1.00
Director
$0 $0 $0
Kay Simpson Director 1.00
Director
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,312,836 $1,376,687 $2,032,775 $-63,851
2022 $1,356,557 $1,513,322 $2,233,005 $-156,765
2021 $1,395,180 $1,310,690 $2,328,496 $84,490
2020 $1,494,666 $1,511,733 $2,324,383 $-17,067
2019 $1,467,730 $1,325,773 $1,684,840 $141,957
2018 $1,296,305 $1,116,972 $1,603,586 $179,333
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