KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC

EIN: 273468787 501(c)(3) Community Improvement

KING OF PRUSSIA, PA

Total Revenue
$2,629,950
Total Expenses
$2,432,325
Total Assets
$5,728,971
Net Assets
$5,169,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
PA
Principal Officer
JOHN BOWN
Phone
4846819452
Tax Period
2025-01-01 to 2025-12-31

KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $2.4M left a modest 8% surplus.

Mission

KING OF PRUSSIA DISTRICT ENGAGES PUBLIC AND PRIVATE PARTNERS TO COLLABORATIVELY IMPROVE THE ECONOMIC ENVIRONMENT IN KING OF PRUSSIA BY MAKING IT MORE VIBRANT, ATTRACTIVE AND PROSPEROUS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $131,704
Program Service Revenue $2,416,702
Investment Income $79,269
Other Revenue $2,275
TOTAL REVENUE $2,629,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $980,745
Fundraising Expenses $121,619
Program Expenses $1,973,376
Other Expenses $1,451,580
TOTAL EXPENSES $2,432,325

Year-over-Year Comparison

2025 2024 Change
Revenue $2,629,950 $2,907,392 -0.1%
Expenses $2,432,325 $3,073,592 -0.2%
Net Income $197,625 $-166,200 -2.2%
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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Governance

Voting Members
16
Independent Members
16
Employees
9
Volunteers
15

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
6
$352,719
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL GEBELINE-MYERS CHAIR 1.30
Officer Director
$0 $0 $0
ERIC DAVIES VICE CHAIR 1.30
Officer Director
$0 $0 $0
RICHARD KUBACH DIRECTOR 1.30
Director
$0 $0 $0
ROBERT HART SECRETARY 1.30
Officer Director
$0 $0 $0
LEA ANNE WELSH PAST CHAIRMAN 1.30
Officer Director
$0 $0 $0
JOHN BOWN TREASURER 1.30
Officer Director
$0 $0 $0
ANTHONY HAMADAY DIRECTOR 1.30
Director
$0 $0 $0
ANDREW HORNING DIRECTOR 1.30
Director
$0 $0 $0
PETER KARAKELIAN DIRECTOR 1.30
Director
$0 $0 $0
DAVID MCMANUS DIRECTOR 1.30
Director
$0 $0 $0
STEVEN POWELL DIRECTOR 1.30
Director
$0 $0 $0
SUZANNE RYAN DIRECTOR 1.30
Director
$0 $0 $0
KATHY SWEENEY-POGWIST DIRECTOR 1.30
Director
$0 $0 $0
ALEXANDREA AMERINE DIRECTOR 1.30
Director
$0 $0 $0
MARTHA MORALES DIRECTOR 1.30
Director
$0 $0 $0
JAMES SAVARD DIRECTOR 1.30
Director
$0 $0 $0
ERIC T GOLDSTEIN PRESIDENT & CEO 40.00
Officer
$321,554 $31,165 $352,719
RACHEL AMMON DIRECTOR MARKETING AND COM 40.00
Highest
$133,322 $10,332 $143,654
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 $2,629,950 $2,432,325 $5,728,971 $197,625
2024 $2,907,392 $3,073,592 $5,515,843 $-166,200
2023 $3,101,325 $2,819,620 $5,238,024 $281,705
2022 $3,424,803 $3,431,258 $5,330,819 $-6,455
2021 $7,051,167 $5,778,870 $5,201,122 $1,272,297
2020 $10,335,589 $7,367,700 $4,069,747 $2,967,889
2019 $2,667,862 $2,533,149 $1,083,609 $134,713
2018 $1,578,398 $1,588,012 $543,582 $-9,614
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