KING OF PRUSSIA BUSINESS IMPROVEME… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $507,382 Revenue: $621,367

PHYSICAL IMPROVEMENTS: FROM SIGNAGE TO LANDSCAPED MEDIANS ALONG SOME OF KING OF PRUSSIA'S MOST VISIBLE AND HIGHLY-TRAVELED CORRIDORS, KING OF PRUSSIA DISTRICT MANAGES DESIGN, CONSTRUCTION AND...

PHYSICAL IMPROVEMENTS: FROM SIGNAGE TO LANDSCAPED MEDIANS ALONG SOME OF KING OF PRUSSIA'S MOST VISIBLE AND HIGHLY-TRAVELED CORRIDORS, KING OF PRUSSIA DISTRICT MANAGES DESIGN, CONSTRUCTION AND MAINTENANCE OF LANDSCAPES THAT ENHANCE KOP'S PUBLIC SPACES.

Program 2

Expenses: $1,014,240 Revenue: $1,242,093

MARKETING: COMMITTED TO KEEPING KING OF PRUSSIA IN THE SPOTLIGHT AND STRENGTHENING ITS REPUTATION AS A LEADING HUB FOR BUSINESS, COMMUNITY AND COMMERCE, KING OF PRUSSIA DISTRICT EXECUTES DYNAMIC...

MARKETING: COMMITTED TO KEEPING KING OF PRUSSIA IN THE SPOTLIGHT AND STRENGTHENING ITS REPUTATION AS A LEADING HUB FOR BUSINESS, COMMUNITY AND COMMERCE, KING OF PRUSSIA DISTRICT EXECUTES DYNAMIC MARKETING AND ADVERTISING CAMPAIGNS WHILE PRODUCING AWARD-WINNING EVENTS AND ACTIVATIONS THROUGHOUT THE YEAR.

Program 3

Expenses: $244,671 Revenue: $299,637

TRANSPORTATION: KING OF PRUSSIA DISTRICT IS DEDICATED TO MAKING LIFE FLOW IN KOP, EFFECTING GAME-CHANGING TRANSPORTATION SOLUTIONS THAT ENHANCE VEHICULAR, PEDESTRIAN, BICYCLE AND PUBLIC...

TRANSPORTATION: KING OF PRUSSIA DISTRICT IS DEDICATED TO MAKING LIFE FLOW IN KOP, EFFECTING GAME-CHANGING TRANSPORTATION SOLUTIONS THAT ENHANCE VEHICULAR, PEDESTRIAN, BICYCLE AND PUBLIC TRANSPORTATION ACCESS.

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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 (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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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

$352,719

Total Directors

Key Employees

Highest Compensated

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

KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC