BLOOMINGTON URBAN ENTERPRISE ASSOCI

EIN: 351858425 501(c)(3)

BLOOMINGTON, IN

Total Revenue
$205,462
Total Expenses
$252,654
Total Assets
$3,022,384
Net Assets
$3,022,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IN
Principal Officer
CHERYL GILLILAND
Phone
8123493419
Tax Period
2024-01-01 to 2024-12-31

BLOOMINGTON URBAN ENTERPRISE ASSOCI, founded in 1992, is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 23% operating deficit.

Mission

A PUBLIC BENEFIT CORPORATION ESTABLISHED TO PROMOTE & IMPROVE ECONOMIC, PHYSICAL, & SOCIAL ENVIRONMENT OF THE BUEA BUSINESS ZONE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $102,470
Program Service Revenue $1,926
Investment Income $101,066
Other Revenue $0
TOTAL REVENUE $205,462

Expense Breakdown

Grants Paid $201,838
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $201,838
Other Expenses $50,816
TOTAL EXPENSES $252,654

Year-over-Year Comparison

2024 2023 Change
Revenue $205,462 $396,145 -0.5%
Expenses $252,654 $272,791 -0.1%
Net Income $-47,192 $123,354 -1.4%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP AMERSON BOARD MEMBER 0.25
Director
$0 $0 $0
CHRIS COCKERHAM BOARD MEMBER 0.25
Director
$0 $0 $0
VIRGINIA GITHRIRI BOARD MEMBER 0.25
Director
$0 $0 $0
MICHAEL HOVER BOARD MEMBER 0.25
Director
$0 $0 $0
JANE KUPERSMITH BOARD MEMBER 0.25
Director
$0 $0 $0
MARY MORGAN SECRETARY 0.50
Officer Director
$0 $0 $0
HEATHER ROBINSON CHAIR 0.50
Officer Director
$0 $0 $0
ANDREA DE LA ROSA EXECUTIVE DI 1.00
Officer Director
$0 $0 $0
KATE ROSENBERGER BOARD MEMBER 0.25
Director
$0 $0 $0
FELISA SPINELLI VICE CHAIR 0.25
Director
$0 $0 $0
CHERYL GILLILAND TREASURER 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 $205,462 $252,654 $3,022,384 $-47,192
2023 $396,145 $272,791 $3,069,576 $123,354
2022 $488,487 $206,725 $2,946,222 $281,762
2021 $488,793 $179,112 $2,664,835 $309,681
2020 $569,875 $305,862 $2,530,589 $264,013
2019 $692,502 $1,036,613 $2,090,714 $-344,111
2018 $536,892 $181,343 $2,611,140 $355,549
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