THE CAPITAL REGION FAMILY BUSINESS… - Form 990 Financial Data

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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

Principal Officer

JULIA COCHRAN

Phone

9167713220

Tax Period

2023-01-01 to 2023-12-31

THE CAPITAL REGION FAMILY BUSINESS CENTER, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $395K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $446K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ASSIST FAMILY BUSINESSES IN MEETING THEIR UNIQUE CHALLENGES AND TO BE A RESOURCE CENTER FOR ISSUES RELATED TO FAMILY BUSINESSES. THE CAPITAL REGION FAMILY BUSINESS CENTER WILL PROVIDE EDUCATION, MENTORING, AND RELATIONSHIP BUILDING ACTIVITIES. IT WILL CREATE A SAFE ENVIRONMENT FOR MENTORING AND COACHING OF FAMILY BUSINESSES BY OTHER FAMILY BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $141,734 Revenue: $183,225

MAJOR EVENTS: TO ASSIST FAMILY BUSINESSES IN MEETING THEIR UNIQUE CHALLENGES AND TO BE A RESOURCE FOR ISSUES RELATED TO FAMILY BUSINESSES. THIS WAS AND WILL CONTINUE TO BE ACHIEVED THROUGH THE...

MAJOR EVENTS: TO ASSIST FAMILY BUSINESSES IN MEETING THEIR UNIQUE CHALLENGES AND TO BE A RESOURCE FOR ISSUES RELATED TO FAMILY BUSINESSES. THIS WAS AND WILL CONTINUE TO BE ACHIEVED THROUGH THE SPONSORSHIP OF WORKSHOPS, LECTURES, SEMINARS, AND SPECIAL FACILITATED ROUND TABLE DISCUSSION GROUPS.

Program 2

Expenses: $207,262 Revenue: $204,950

GENERATIONS CONFERENCE: AN INTERACTIVE EVENT WITH LEADING FAMILY BUSINESS EXPERTS FOCUSING ON NEXT-GENERATION FAMILY BUSINESS LEADERSHIP DEVELOPMENT. THE CONFERENCE IS IDEAL FOR FAMILY AND NON-FAMILY MANAGEMENT TEAM MEMBERS, FAMILY OWNERS NOT WORKING IN THE BUSINESS, BOARD MEMBERS OF FAMILY BUSINESSES, AND THE NEXT GENERATION. THERE WILL BE SPECIFIC CONTENT AND PROGRAMS FOR ALL PARTICIPANTS. THE CONFERENCE IS DESIGNED TO FACILITATE CONVERSATION ON IMPORTANT FAMILY BUSINESS ISSUES AMONG GENERATIONS AND FOCUS ON EVERY ASPECT OF RUNNING AND TRANSITIONING A SUCCESSFUL FAMILY BUSINESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $388,175

Investment Income $6,412

Other Revenue $0

TOTAL REVENUE $394,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,038

Fundraising Expenses $0

Program Expenses $348,996

Other Expenses $310,123

TOTAL EXPENSES $446,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$394,587	$252,807	+0.6%
Expenses	$446,161	$424,919	+0.0%
Net Income	$-51,574	$-172,112	-0.7%

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

$126,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STELLA PREMO	EXECUTIVE DIRECTOR TO DEC 2023	40.00	Officer	$126,167	$0	$126,167
JULIA COCHRAN	EXECUTIVE DIRECTOR AS OF DEC 2023	40.00	Officer	$0	$0	$0
MAGGIE BENDER-JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN HORNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN FLEMING	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN MONROE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY ORR	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS CHEDIAK	SECRETARY	1.00	Officer Director	$0	$0	$0
GINA LERA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN BAKER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ENDELMAN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BEATIE	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
2024	No data	No data	No data	No data
2023	$394,587	$446,161	$213,999	$-51,574
2022	$252,807	$424,919	$265,573	$-172,112
2021	$239,203	$204,051	$437,685	$35,152
2020	$295,771	$227,671	$402,533	$68,100
2019	$443,687	$444,703	$334,433	$-1,016
2018	$410,420	$425,864	$335,449	$-15,444

THE CAPITAL REGION FAMILY BUSINESS CENTER