CENTER CITY PROPRIETORS ASSOCIATION DBA CENTER CITY BUSINESS ASSOCIATION (EIN 232079587) - 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

1979

Legal Domicile

Principal Officer

TAZ SADHUKHAN

Phone

2155457766

Tax Period

2023-01-01 to 2023-12-31

CENTER CITY PROPRIETORS ASSOCIATION DBA CENTER CITY BUSINESS ASSOCIATION, founded in 1979, is a small nonprofit that reported $325K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $417K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO FOSTER COMMUNICATION, COOPERATION, EDUCATION AND SERVICES AMONG THE BUSINESSES OF CENTER CITY PHILADELPHIA AND TO MAINTAIN, PROMOTE AND IMPROVE THE COMMERCIAL VITALITY OF CENTER CITY 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $208,291

Investment Income $1,180

Other Revenue $115,716

TOTAL REVENUE $325,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,489

Fundraising Expenses $16,410

Program Expenses $326,962

Other Expenses $247,627

TOTAL EXPENSES $417,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,187	$233,732	+0.4%
Expenses	$417,116	$367,995	+0.1%
Net Income	$-91,929	$-134,263	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN FRANK	EXECUTIVE DIRECTOR	40.00		$84,000	$0	$84,000
SUZETTE MUNLEY	President	5.00	Officer Director	$0	$0	$0
MICHAEL A CRAIG	Director	1.00	Director	$0	$0	$0
DAVID LANE	Vice President	3.00	Officer Director	$0	$0	$0
GREG DESHIELDS CHO CHE	Director	1.00	Director	$0	$0	$0
SUSANNE SPINELL SHUSTER	Treasurer	3.00	Officer Director	$0	$0	$0
CYNTHIA LECH	Director	1.00	Director	$0	$0	$0
HEATHER SHOEMAKER	Secretary	1.00	Officer Director	$0	$0	$0
TAZ SADHUKHAN	President & CEO	5.00	Officer Director	$0	$0	$0
HECTOR BONES	Director	1.00	Director	$0	$0	$0
DEIRDRE HOPKINS	Director	1.00	Director	$0	$0	$0
ANDREW LOVELL	Director	1.00	Director	$0	$0	$0
ERIKA L WHITE	Director	1.00	Director	$0	$0	$0
MATTHEW SKILTON	Treasurer	3.00	Officer Director	$0	$0	$0
JOHN LESKOW	Director	1.00	Director	$0	$0	$0
CAROL J DE FRIES	Director	1.00	Director	$0	$0	$0
MICHAEL RESNIC	Director	1.00	Director	$0	$0	$0
SUSANNE SPINELL SHUSTER	Secretary	3.00	Officer Director	$0	$0	$0
SEAN BOYCE	Director	1.00	Director	$0	$0	$0
GREG DENIS	Director	1.00	Director	$0	$0	$0
GEORGETTE LUNA	Director	1.00	Director	$0	$0	$0
ENEREL MUNKHZUL	Director	1.00	Director	$0	$0	$0
ED SEIDERS	Director	1.00	Director	$0	$0	$0
ELLEN SISLE	Director	1.00	Director	$0	$0	$0
TIFFANY SPRAGGINS	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	$325,187	$417,116	$99,833	$-91,929
2022	$233,732	$367,995	$116,471	$-134,263
2021	$248,824	$200,936	$206,830	$47,888
2020	$247,536	$284,998	$164,760	$-37,462
2020	$247,536	$294,998	$154,760	$-47,462
2019	$280,173	$375,453	$138,935	$-95,280
2018	$275,588	$273,191	$97,198	$2,397

CENTER CITY PROPRIETORS ASSOCIATION DBA CENTER CITY BUSINESS ASSOCIATION