EAST PASSYUNK AVENUE BUSINESS IMPROVEMENT DISTRICT (EIN 134237027) - 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

2002

Legal Domicile

Principal Officer

KATIE HANFORD

Phone

2153361455

Tax Period

2024-01-01 to 2024-12-31

EAST PASSYUNK AVENUE BUSINESS IMPROVEMENT DISTRICT, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $380K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $362K left a modest 5% surplus.

Mission

TO IMPROVE THE ECONOMIC DEVELOPMENT OF THE EAST PASSYUNK DISTRICT OF THE CITY OF PHILADELPHIA

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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 (2024)

Revenue Breakdown

Contributions & Grants $301,201

Program Service Revenue $44,712

Investment Income $698

Other Revenue $33,257

TOTAL REVENUE $379,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,200

Fundraising Expenses $3,099

Program Expenses $295,549

Other Expenses $294,787

TOTAL EXPENSES $361,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,868	$450,816	-0.2%
Expenses	$361,987	$425,922	-0.2%
Net Income	$17,881	$24,894	-0.3%

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

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

$53,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE GILLEN-DOOBRAJH	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
ELAINE JOHNSON	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
MARLO DILKS	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
LAURA CARROLL	BOARD MEMBER	5.00	Director	$0	$0	$0
CAPRI DESSECKER	BOARD MEMBER	5.00	Director	$0	$0	$0
ADAM GEER	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL GIANGIORDANO	BOARD MEMBER	5.00	Director	$0	$0	$0
NANCY MELCHOIRE	BOARD MEMBER	5.00	Director	$0	$0	$0
AMANDA RUCKER	BOARD MEMBER	5.00	Director	$0	$0	$0
PETE SPINA	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK SQUILLA REPRESENTED BY JOE MAR	BOARD MEMBER	5.00	Director	$0	$0	$0
REBECCA BUSH OLEARY	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$21,539	$0	$21,539
KATHERINE HANFORD	EXECUTIVE DIRECTOR	40.00	Officer	$31,731	$0	$31,731

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	$379,868	$361,987	$325,936	$17,881
2023	$450,816	$425,922	$312,173	$24,894
2022	$310,839	$376,145	$366,857	$-65,306
2021	$335,365	$360,902	$330,324	$-25,537
2020	$304,029	$316,010	$365,803	$-11,981
2019	$325,941	$296,350	$371,015	$29,591
2018	$361,806	$354,618	$419,213	$7,188

EAST PASSYUNK AVENUE BUSINESS IMPROVEMENT DISTRICT