WOMEN'S BUSINESS DEVELOPMENT CENTER (EIN 363488628) - 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

1986

Legal Domicile

Principal Officer

ERICA KUHLMANN

Phone

3128533477

Tax Period

2024-07-01 to 2025-06-30

WOMEN'S BUSINESS DEVELOPMENT CENTER, founded in 1986, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT AND ACCELERATE BUSINESS DEVELOPMENT AND GROWTH, SERVING ALL BUSINESS OWNERS TO STRENGTHEN THEIR PARTICIPATION IN, AND IMPACT ON, THE ECONOMY.

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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 $13,107,298

Program Service Revenue $1,960,497

Investment Income $151,123

Other Revenue $0

TOTAL REVENUE $15,218,918

Expense Breakdown

Grants Paid $5,884,199

Salaries & Benefits $4,948,286

Fundraising Expenses $355,957

Program Expenses $14,269,703

Other Expenses $5,447,679

TOTAL EXPENSES $16,280,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,218,918	$64,780,073	-0.8%
Expenses	$16,280,164	$63,424,693	-0.7%
Net Income	$-1,061,246	$1,355,380	-1.8%

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

$320,669

Total Directors

$345,669

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILIA DIMENCO	PRESIDENT & CHIEF EXEC (OUTGOING)	40.00	Officer Director	$313,684	$6,985	$320,669
HEDY M RATNER	CO-FOUNDER & CO-PRESIDENT	10.00	Director	$25,000	$0	$25,000
SANDRA RAND	CHAIR	3.00	Officer Director	$0	$0	$0
EVA BROWN	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE BLAISE	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
ALISON CHUNG	SECRETARY	2.00	Officer Director	$0	$0	$0
CASSANDRA SANFORD	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
RISA R DAVIS	TREASURER	2.00	Officer Director	$0	$0	$0
MARY HOUPT	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
BETH KIEFFER LEONARD CPA	AUDIT COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
RONA FOURTE	AUDIT COMMITTEE VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBRA JENNINGS-JOHNSON	EX-OFFICIO	2.00	Officer Director	$0	$0	$0
ERICA KUHLMANN	PRESIDENT & CHIEF EXEC	40.00	Officer Director	$0	$0	$0
S CAROL DOUGAL	CO-FOUNDER & CO-PRESIDENT	1.00	Director	$0	$0	$0
LAUREL G BELLOWS	GOVERNANCE AND NOM COMM CHAIR	2.00	Director	$0	$0	$0
PATTY GREENE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE KANTOR	DIRECTOR	2.00	Director	$0	$0	$0
ARABEL ALVA ROSALES	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER ROUZAN	DIRECTOR	2.00	Director	$0	$0	$0
AMY YUHN	FUNDRAISING COMM CHAIR	2.00	Director	$0	$0	$0
LINDA CHAPLIK HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA BOASMOND	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE WARD	VICE PRESIDENT	40.00	Highest	$136,466	$13,027	$149,493
GEORGIA MARSH	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$125,577	$5,797	$131,374
CLARK MCCAIN	MANAGING DIR STRATEGIC PARTNERSHIPS	40.00	Highest	$109,109	$18,184	$127,293
BLANCA BERTHIER	MANAGING DIR ENT BUS PROG AND SVCS	40.00	Highest	$110,062	$15,663	$125,725
MAURA MITCHELL	MANAGING DIR ENT BUS PROG AND SVCS	40.00	Highest	$105,839	$17,849	$123,688

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	$15,218,918	$16,280,164	$8,948,495	$-1,061,246
2024	$64,780,073	$63,424,693	$10,230,080	$1,355,380
2023	$14,903,762	$14,221,901	$35,543,569	$681,861
2022	$10,552,420	$9,181,288	$7,048,697	$1,371,132
2021	$38,492,133	$36,812,124	$6,715,757	$1,680,009
2020	$5,994,897	$5,591,640	$4,233,448	$403,257
2019	$4,532,039	$4,262,977	$2,998,643	$269,062
2018	$4,360,537	$4,455,785	$2,779,265	$-95,248

WOMEN'S BUSINESS DEVELOPMENT CENTER