NORTHSIDE BUSINESS ASSOCIATION (EIN 310501976) - 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

2007

Legal Domicile

Principal Officer

WILLIAM WALKER

Tax Period

2024-01-01 to 2024-12-31

NORTHSIDE BUSINESS ASSOCIATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $115K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE NORTHSIDE BUSINESS ASSOCIATION WORKS HARD TO CREATE AND MAINTAIN A RESURGENT ATMOSPHERE IN THE NORTHSIDE BUSINESS DISTRICT THAT HAS HELPED SPAWN REDEVELOPMENT AND TO BE A RESOURCE FOR ALL NORTHSIDE BUSINESSES AND WORKS TO CONTINUALLY IMPROVE OUR NEIGHBORHOOD.

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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 $3,750

Program Service Revenue $2,004

Investment Income $1,191

Other Revenue $108,128

TOTAL REVENUE $115,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,347

Other Expenses $137,347

TOTAL EXPENSES $137,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,073	$402,968	-0.7%
Expenses	$137,347	$236,834	-0.4%
Net Income	$-22,274	$166,134	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATASHA ARCARO	TREASURER	1.00	Officer	$0	$0	$0
CHUCK BEATTY	DIRECTOR	1.00	Officer	$0	$0	$0
RACHEL BROWN	DIRECTOR	1.00	Officer	$0	$0	$0
DIANE CASEO	DIRECTOR	1.00	Officer	$0	$0	$0
BRYSON DOWERS	DIRECTOR	1.00	Officer	$0	$0	$0
MICHAEL GONSALVES	DIRECTOR	1.00	Officer	$0	$0	$0
JULIA GREEN	SECRETARY	1.00	Officer	$0	$0	$0
RAQUEL IRVINE	DIRECTOR	1.00	Officer	$0	$0	$0
MELANIE QUALLEN	VICE PRESIDE	1.00	Officer	$0	$0	$0
CARSON SHELTON	DIRECTOR	1.00	Officer	$0	$0	$0
SARAH THOMAS	DIRECTOR	1.00	Officer	$0	$0	$0
WILLIAM WALKER	PRESIDENT	1.00	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
2024	$115,073	$137,347	$898,171	$-22,274
2024	No data	No data	No data	No data
2023	$402,968	$236,834	$930,365	$166,134
2022	$208,041	$164,788	$773,437	$43,253
2021	$153,918	$140,276	$739,291	$13,642

NORTHSIDE BUSINESS ASSOCIATION