CENTURY CITY BID ASSOCIATION

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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

2008

Legal Domicile

Principal Officer

RENEE' WATKINSON

Phone

3102267421

Tax Period

2024-01-01 to 2024-12-31

CENTURY CITY BID ASSOCIATION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $351K, a strong 23% operating margin.

Mission

IMPROVE AND CONVEY SPECIAL BENEFITS TO PROPERTIES BEYOND WHAT IS CURRENTLY PROVIDED WITHIN THE CENTRAL BUSINESS DISTRICT OF CENTURY CITY. ACTIVITIES INCLUDE THE CLEAN, SAFE AND BEAUTIFUL PROJECT AND THE MANAGEMENT PROGRAM.

Program Service Accomplishments

Program 1

CLEAN, SAFE AND BEAUTIFUL PROJECTTHE CCBID ENGAGES IN ACTIVITIES THAT MAKE EACH INDIVIDUAL ASSESSED PARCEL CLEANER AND SAFER BY ENGAGING IN PROGRAMS THAT DETER CRIME AND CLEAN THE PUBLIC...

CLEAN, SAFE AND BEAUTIFUL PROJECTTHE CCBID ENGAGES IN ACTIVITIES THAT MAKE EACH INDIVIDUAL ASSESSED PARCEL CLEANER AND SAFER BY ENGAGING IN PROGRAMS THAT DETER CRIME AND CLEAN THE PUBLIC RIGHTS-OF-WAY; AND IMPROVE AND LANDSCAPE THE PHYSICAL APPEARANCE OF THE MEDIANS, LANDSCAPED CORRIDORS, FOUNTAINS AND PEDESTRIAN WALKWAYS. THIS YEAR WE FOCUSED ON TWO BIG PROJECTS: THE CENTURY CITY SIGN INSTALLATION ON AOS AND PICO AND NEW ART INSTALLATION ALONG AOS. WE ALSO UPGRADED ALL THE IRRIGATION ON SANTA MONICA FROM AOS TO CENTURY PARK WEST MOVING TO A COMPLETELY DRIP SYSTEM.

Program 2

LANDSCAPE MAINTENANCETHE CCBID PROVIDES LANDSCAPE MAINTENANCE FOR THE 13 MEDIANS ALONG AOS BETWEEN PICO BLVD AND THE OVER HALF A DOZEN MEDIANS ON SANTA MONICA BLVD. THE LANDSCAPE VENDORS MAINTAIN THE LAWNS, PLANT MATERIAL AND IRRIGATION FIVE DAYS A WEEK ON AN AS NEEDED BASIS. WE CONTINUE TO REPLACE PLANTS AS NEEDED IN ORDER TO MAINTAIN THE QUALITY OF THE LANDSCAPE DESIGN. WE HAVE A LANDSCAPING TEAM AND AN IRRIGATION TECH ON SITE 5 DAYS A WEEK.

Program 3

BIKE PATROLTHE CCBID PROVIDES A BIKE AMBASSADOR FOR SECURITY AND COMMUNITY SERVICE. THE BIKE AMBASSADOR RIDES A BIKE DURING DAYLIGHT HOURS AND TRANSITIONS TO A CAR DURING THE EVENING/NIGHT HOURS. OUR SECURITY HOURS ARE 7 AM UNTIL 11 PM 5 DAYS A WEEK MONDAY FRIDAY AND 3 PM UNTIL 11 PM ON SATURDAYS. WE ALSO PATROL ON SUNDAYS AS REQUIRED AND USE OFF-DUTY OFFICERS ON AN AS-NEEDED BASIS.

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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 $1,531,457

Investment Income $23,799

Other Revenue $0

TOTAL REVENUE $1,555,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,738

Fundraising Expenses $0

Other Expenses $1,089,232

TOTAL EXPENSES $1,203,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,555,256	$1,357,935	+0.1%
Expenses	$1,203,970	$1,634,307	-0.3%
Net Income	$351,286	$-276,372	-2.3%

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

$89,715

Total Directors

$20,213

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE' WATKINSON	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
TEGIE DORADO	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
CAMERON BENSON	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
LOUIS SCHILLACE	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
SHANNON HATHAWAY	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE CHRISTOPHER	DIRECTOR	1.00	Director	$0	$0	$0
JANE SKIBINSI	DIRECTOR	1.00	Director	$0	$0	$0
MATT MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
JODI TALENTINO	DIRECTOR	1.00	Director	$0	$0	$0
CHASE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SALGADO	DIRECTOR	1.00	Director	$0	$0	$0
TOM VIERIA	DIRECTOR	1.00	Director	$0	$0	$0
TED SELOGIE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BURSK	GOVERNMENT LIAISON	1.00	Director	$20,213	$0	$20,213
VICKI NUSSBAUM	EXECUTIVE DIRECTOR	20.00	Officer	$86,555	$3,160	$89,715

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	$1,555,256	$1,203,970	$544,010	$351,286
2023	$1,357,935	$1,634,307	$250,975	$-276,372
2022	$1,295,675	$1,287,683	$525,197	$7,992
2021	$1,211,046	$1,234,021	$506,585	$-22,975
2020	$1,211,832	$1,076,141	$529,560	$135,691
2019	$1,237,699	$2,275,265	$394,100	$-1,037,566
2018	$1,167,718	$682,586	$1,445,295	$485,132