BALTIMORE AVENUE REDEVELOPMENT CORPORATION (EIN 232624278) - 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

1991

Legal Domicile

Principal Officer

BENJAMIN SMALLWOOD

Phone

2154985046

Tax Period

2024-01-01 to 2024-12-31

BALTIMORE AVENUE REDEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2024. Expenses of $242K exceeded revenue, resulting in a 39% operating deficit.

Mission

COMMUNITY REVITALIZATION

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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 $174,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $174,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,763

Fundraising Expenses $0

Program Expenses $230,305

Other Expenses $125,493

TOTAL EXPENSES $242,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,500	$165,025	+0.1%
Expenses	$242,256	$228,758	+0.1%
Net Income	$-67,756	$-63,733	+0.1%

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

$80,418

Total Directors

$80,418

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Irene E Suggs	Acting Chairman	2.00	Officer Director	$0	$0	$0
Benjamin Smallwood	President	20.00	Officer Director	$80,418	$0	$80,418
Patrice Patterson	Secretary	2.00	Director	$0	$0	$0
William Morton	Board Member	0.00	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	$174,500	$242,256	$1,455,096	$-67,756
2023	$165,025	$228,758	$1,530,468	$-63,733
2022	$162,500	$219,518	$1,606,208	$-57,018
2021	$162,689	$207,888	$1,666,451	$-45,199
2020	$193,063	$217,844	$1,723,266	$-24,781
2019	$184,167	$205,647	$1,755,664	$-21,480
2018	$199,513	$200,724	$1,780,760	$-1,211

BALTIMORE AVENUE REDEVELOPMENT CORPORATION