BUSINESS PLUS INC (EIN 203898333) - 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

2005

Principal Officer

SHANE JENKINS

Phone

2087364559

Tax Period

2024-07-01 to 2025-06-30

BUSINESS PLUS INC, founded in 2005, is a small nonprofit that reported $179K in total revenue in fiscal year 2024. Expenses of $236K exceeded revenue, resulting in a 32% operating deficit.

Mission

BUSINESS PLUS, INC ASSISTS LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS TO RECRUIT NEW BUSINESSES, NEW EMPLOYEES AND EXPAND EXISTING BUSINESSES BY GRANTING FUNDS FOR NEW JOBS CREATED AND FUND THE REGIONAL MARKETING ORGANIZATION IN SUPPORT OF THOSE ACTIVITIES.

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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 $0

Program Service Revenue $166,150

Investment Income $12,459

Other Revenue $0

TOTAL REVENUE $178,609

Expense Breakdown

Grants Paid $185,000

Salaries & Benefits $0

Fundraising Expenses $33,648

Program Expenses $200,444

Other Expenses $17,104

TOTAL EXPENSES $235,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,609	$184,724	0.0%
Expenses	$235,752	$183,269	+0.3%
Net Income	$-57,143	$1,455	-40.3%

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

N/A

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

Total Directors

$33,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA WILDMAN	EXECUTIVE DI	15.00	Director	$33,648	$0	$33,648
SHANE JENKINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RUDY ASHENBRENER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TODD WADSWORTH	TREASURER	2.00	Officer Director	$0	$0	$0
ELSJE JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MATT SANDBERG	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
CON PAULOS	DIRECTOR	1.00	Director	$0	$0	$0
JIM EVANS	DIRECTOR	1.00	Director	$0	$0	$0
RICK NAEREBOUT	DIRECTOR	1.00	Director	$0	$0	$0
KYLI GOUGH	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DOMAN	DIRECTOR	1.00	Director	$0	$0	$0
JJ MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
MASON HARPER	DIRECTOR	1.00	Director	$0	$0	$0
BRENT STIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SIEBOLD	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN WARD	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	$178,609	$235,752	$281,321	$-57,143
2024	$184,724	$183,269	$338,464	$1,455
2023	$199,418	$167,659	$337,009	$31,759
2022	$168,065	$153,386	$305,250	$14,679
2021	$173,912	$174,495	$293,489	$-583
2020	$168,967	$160,362	$297,497	$8,605
2019	$169,324	$145,679	$289,041	$23,645

BUSINESS PLUS INC