INDEPENDENCE BUSINESS ALLIANCE

EIN: 208060756 Community Improvement

PHILADELPHIA, PA

Total Revenue
$321,169
Total Expenses
$248,962
Total Assets
$427,838
Net Assets
$275,584
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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
2007
Legal Domicile
PA
Principal Officer
BRETT MURPHY
Phone
2155570190
Tax Period
2022-07-01 to 2023-06-30

INDEPENDENCE BUSINESS ALLIANCE, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $321K in total revenue in fiscal year 2022. The organization ran a surplus of $72K, a strong 22% operating margin.

Mission

THE MISSION OF THE INDEPENDENCE BUSINESS ALLIANCE IS TO PROMOTE GREATER PHILADELPHIA'S LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUEER BUSINESS AND LEADERSHIP COMMUNITIES TO ENHANCE FINANCIAL OPPORTUNITIES, FOSTER DIVERSITY, DEVELOP LEADERSHIP AND COLLABORATION AND ADVOCATE FOR POSITIVE CHANGE.

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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 $98,832
Program Service Revenue $222,250
Investment Income $87
Other Revenue $0
TOTAL REVENUE $321,169

Expense Breakdown

Grants Paid $2,974
Salaries & Benefits $153,257
Fundraising Expenses $0
Other Expenses $92,731
TOTAL EXPENSES $248,962

Year-over-Year Comparison

2022 2021 Change
Revenue $321,169 $323,936 0.0%
Expenses $248,962 $204,577 +0.2%
Net Income $72,207 $119,359 -0.4%
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
27
Independent Members
27
Employees
2
Volunteers
27

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
5
$99,492
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACH WILCHA CHIEF EXECUTIVE OFFICER 40.00
Officer
$94,417 $5,075 $99,492
ANNE GEARY PRESIDENT 5.00
Officer Director
$0 $0 $0
GREG DESHIELDS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CAROLYN NATRIN SECRETARY 3.00
Officer Director
$0 $0 $0
BRETT MURPHY TREASURER 5.00
Officer Director
$0 $0 $0
KAELA BLANKS MEMBER 1.00
Director
$0 $0 $0
SUSAN CIRILLI MEMBER 1.00
Director
$0 $0 $0
ANDREW CLARK MEMBER 1.00
Director
$0 $0 $0
YURI CRUSCA MEMBER 1.00
Director
$0 $0 $0
SYBIL DAVIS MEMBER 1.00
Director
$0 $0 $0
MARCUS IANNOZZI MEMBER 1.00
Director
$0 $0 $0
NICK LANZI MEMBER 1.00
Director
$0 $0 $0
DIANA LU MEMBER 1.00
Director
$0 $0 $0
JONE MAGAGNA MEMBER 1.00
Director
$0 $0 $0
HALEIGH MCDONALD MEMBER 1.00
Director
$0 $0 $0
DARIUS MCCLEAN MEMBER 1.00
Director
$0 $0 $0
SIOBHAN NEITZEL MEMBER 1.00
Director
$0 $0 $0
LORENA PLAZA MEMBER 1.00
Director
$0 $0 $0
ANTHONY RETO MEMBER 1.00
Director
$0 $0 $0
MEG RIDER MEMBER 1.00
Director
$0 $0 $0
TIMOTHY RISSEL MEMBER 1.00
Director
$0 $0 $0
LEE SINGLETARY MEMBER 1.00
Director
$0 $0 $0
KANAK SINGH MEMBER 1.00
Director
$0 $0 $0
AMINA SHAHZAD MEMBER 1.00
Director
$0 $0 $0
MARS SHARROCK MEMBER 1.00
Director
$0 $0 $0
BRANDON THOMPSON MEMBER 1.00
Director
$0 $0 $0
TIA LYLES-WILLIAMS MEMBER 1.00
Director
$0 $0 $0
LIZZY WINGFIELD MEMBER 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
2024 No data No data No data No data
2023 $321,169 $248,962 $427,838 $72,207
2022 $323,936 $204,577 $355,631 $119,359
2021 $161,257 $169,957 $259,738 $-8,700
2020 $280,774 $253,292 $92,937 $27,482
2019 $316,194 $332,685 $65,834 $-16,491
2018 $303,633 $260,228 $82,120 $43,405
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