51st Street Business Association (EIN 270881341) - 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

2010

Legal Domicile

Principal Officer

Sandra Bivens

Phone

7732853401

Tax Period

2024-01-01 to 2024-12-31

51st Street Business Association, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $165K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

The mission of the 51st Business Association is to educate, inspire, empower, network and support the community, current businesses and aspiring small business owners within the Grand Boulevard, Washington Park and surrounding communities.

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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 $41,383

Program Service Revenue $53,620

Investment Income $0

Other Revenue $69,767

TOTAL REVENUE $164,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,000

Fundraising Expenses $0

Program Expenses $81,394

Other Expenses $122,223

TOTAL EXPENSES $164,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,770	$174,296	-0.1%
Expenses	$164,223	$173,848	-0.1%
Net Income	$547	$448	+0.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Bivens	Executive Director	50.00	Officer	$0	$0	$0
Omar Sweiss	President	0.00	Officer	$0	$0	$0
Dr Jennea Klingenberg	Vice President	0.00	Officer	$0	$0	$0
Tanya Lee	Treasurer	0.00	Officer	$0	$0	$0
Michael Kean	Secretary	0.00	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
2025	No data	No data	No data	No data
2024	$164,770	$164,223	$35,645	$547
2023	$174,296	$173,848	$35,098	$448
2022	$203,256	$172,278	$34,650	$30,978
2021	$186,418	$182,746	$3,672	$3,672

51st Street Business Association