FIFTH AVENUE SOUTH BUSINESS IMPROVEMENT (EIN 275087047) - 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

2011

Legal Domicile

Phone

2396928436

Tax Period

2024-01-01 to 2024-12-31

FIFTH AVENUE SOUTH BUSINESS IMPROVEMENT, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $898K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 18% operating margin.

Mission

FIFTH AVENUE SOUTH BUSINESS IMPROVEMENT DISTRICT, INC.S MISSION IS TO STABILIZE ANDIMPROVE COMMERCIAL PROPERTY THROUGH PROMOTION, MANAGEMENT, MARKETING, ADMINISTRATIVEAND OTHER SIMILAR SERVICES FOR THE ASSESSMENT AREA IN NAPLES, FL.

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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 $884,179

Investment Income $13,645

Other Revenue $0

TOTAL REVENUE $897,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,991

Fundraising Expenses $4,045

Program Expenses $638,465

Other Expenses $578,529

TOTAL EXPENSES $734,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$897,824	$734,188	+0.2%
Expenses	$734,520	$659,721	+0.1%
Net Income	$163,304	$74,467	+1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRILYN HOFFMANN	OFFICER	6.00	Director	$0	$0	$0
ERIC TANCREDI	OFFICER	6.00	Director	$0	$0	$0
JARRED KLAPLAN	OFFICER	6.00	Director	$0	$0	$0
MARGARET STEPANIAN	DIRECTOR	6.00	Director	$0	$0	$0
JEFF WYNN	OFFICER	6.00	Officer Director	$0	$0	$0
CHRISTOPHER SHUCART	PRESIDENT	6.00	Officer Director	$0	$0	$0
JOSEPH MCCABE	OFFICER	6.00	Officer Director	$0	$0	$0
HEIDI FRY	EMPLOYEE	6.00	Key Emp	$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	$897,824	$734,520	$818,600	$163,304
2023	$734,188	$659,721	$819,814	$74,467
2022	$625,149	$545,897	$567,425	$79,252
2021	$684,821	$801,475	$433,973	$-116,654
2020	$625,524	$625,756	$556,321	$-232
2019	$599,319	$594,028	$318,184	$5,291
2018	$549,078	$504,823	$533,401	$44,255

FIFTH AVENUE SOUTH BUSINESS IMPROVEMENT