DOWNTOWN BOSTON BUSINESS IMPROVEMENT DISTRICT CORPORATION (EIN 273596446) - 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

ROSE BOARDMAN

Phone

6172611457

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN BOSTON BUSINESS IMPROVEMENT DISTRICT CORPORATION, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $7.5M in total revenue in fiscal year 2024.

Mission

TO CREATE A CLEAN, WELCOME, AND VIBRANT ENVIRONMENT THAT WILL INCREASE BUSINESS ACTIVITY IN THE DOWNTOWN BOSTON AREA, INCLUDING DOWNTOWN CROSSING, THE LADDER DISTRICT, AND PARTS OF THE THEATER AND FINANCIAL DISTRICTS.

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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 $7,133,847

Program Service Revenue $123,563

Investment Income $169,034

Other Revenue $116,426

TOTAL REVENUE $7,542,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,713,001

Fundraising Expenses $0

Program Expenses $6,968,931

Other Expenses $5,815,956

TOTAL EXPENSES $7,528,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,542,870	N/A	N/A
Expenses	$7,528,957	N/A	N/A
Net Income	$13,913	$0	N/A

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

$254,659

Total Directors

$254,659

Key Employees

$195,238

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL NICHOLS	PRESIDENT & CEO	40.00	Officer Director	$242,000	$12,659	$254,659
PAM MESSENGER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY SINGLETON	TREASURER	1.00	Officer Director	$0	$0	$0
CHAD REMIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN AWE	CLERK	0.50	Officer Director	$0	$0	$0
JENN TWOMBLY	DIRECTOR	0.50	Director	$0	$0	$0
BRAD FREDERICKS	DIRECTOR	0.50	Director	$0	$0	$0
KATE DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
RON DRUKER	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE DUNN	DIRECTOR	0.50	Director	$0	$0	$0
NATHANIEL SHEIDLEY	DIRECTOR	0.50	Director	$0	$0	$0
STEVE FABER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID GREANEY	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW GRACE	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
PEGGY INGS	DIRECTOR	0.50	Director	$0	$0	$0
ED KANE	DIRECTOR	0.50	Director	$0	$0	$0
JOE LARKIN	DIRECTOR	0.50	Director	$0	$0	$0
JACK SPURR	DIRECTOR	0.50	Director	$0	$0	$0
SPENCER MACALASTER	DIRECTOR	0.50	Director	$0	$0	$0
RICK MURIADA	DIRECTOR	0.50	Director	$0	$0	$0
RISHI SHUKLA	DIRECTOR	0.50	Director	$0	$0	$0
JOHN NUCCI	DIRECTOR	0.50	Director	$0	$0	$0
RICK MURAIDA	DIRECTOR	0.50	Director	$0	$0	$0
KERRI GALLAWAY	DIRECTOR	0.50	Director	$0	$0	$0
JIM ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
DOUG SICKLER	DIRECTOR	0.50	Director	$0	$0	$0
ED HAVERTY	DIRECTOR	0.50	Director	$0	$0	$0
PETER STANDISH	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL MARTINS	DIRECTOR	0.50	Director	$0	$0	$0
SAM TYLER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN RATTIGAN	DIRECTOR	0.50	Director	$0	$0	$0
MORGAN WEINSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
ROSEMARIE BOARDMAN	CFO	40.00	Key Emp	$176,534	$18,704	$195,238

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	$7,542,870	$7,528,957	$4,761,530	$13,913
2023	$7,393,450	$7,321,410	$5,033,585	$72,040
2023	$3,722,843	$3,931,308	$5,195,062	$-208,465
2022	$7,235,337	$6,539,598	$4,039,139	$695,739
2021	$6,647,150	$6,209,771	$3,433,326	$437,379
2020	$6,556,603	$6,332,309	$2,854,839	$224,294
2019	$6,298,417	$6,601,366	$2,609,573	$-302,949

DOWNTOWN BOSTON BUSINESS IMPROVEMENT DISTRICT CORPORATION