WASHINGTON STREET MALL MANAGEMENT COMPANY INC (EIN 264125942) - 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

2008

Legal Domicile

Phone

6098841062

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON STREET MALL MANAGEMENT COMPANY INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 53% operating margin.

Mission

THE WSMMC IS A BUSINESS IMPROVEMENT DISTRICT (BIDS). BIDS ARE A TYPE OF ASSESSMENT DISTRICT IN WHICH BUSINESS OWNERS CHOOSE TO BE ASSESSED A FEE, WHICH IS COLLECTED ON THEIR BEHALF BY THE CITY OF CAPE MAY, FOR USE IN PROMOTING AND IMPROVING THE BUSINESS AREA.

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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 $235,181

Investment Income $1,691

Other Revenue $0

TOTAL REVENUE $236,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,526

Other Expenses $110,787

TOTAL EXPENSES $110,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,872	$74,749	+2.2%
Expenses	$110,787	$94,639	+0.2%
Net Income	$126,085	$-19,890	-7.3%

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

N/A

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
MICHELE KNONPKA	Trustee	1.00	Director	$0	$0	$0
THOMAS VIETCH	Trustee	1.00	Director	$0	$0	$0
CARL SPATOCCO	Trustee	1.00	Director	$0	$0	$0
BEATRICE PESSAGNO	Trustee	1.00	Director	$0	$0	$0
CHRIS BEZAIRE	Trustee	1.00	Director	$0	$0	$0
HILARY PRITCHARD	Trustee	1.00	Director	$0	$0	$0
CAROLYN ZEBROWSKI	Treasurer	1.00	Officer	$0	$0	$0
KIM GAGLIARDI	Secretary	1.00	Officer	$0	$0	$0
RICHARD MEYER	CO CHAIRMAN	1.00	Officer	$0	$0	$0
STEVE SMARRO	CO CHAIRMAN	1.00	Officer	$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	$236,872	$110,787	$207,806	$126,085

WASHINGTON STREET MALL MANAGEMENT COMPANY INC