CHATHAM BUSINESS ASSOC SMALL BUSIN… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

MELINDA KELLY

Tax Period

2023-01-01 to 2023-12-31

CHATHAM BUSINESS ASSOC SMALL BUSINESS DEVELOPMENT, founded in 1972, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PROVIDE COMMUNITY SERVICES TO A SPECIFIED AREA WHICH INCLUDES BEAUTIFICATION AND MAINTENANCE

Program Service Accomplishments

Program 1

Expenses: $2,017,039

THE ORGANIZATION SHALL BE OPERATED EXCLUSIVELY FORTHE PURPOSE OF PROVIDING AND PROMOTING EDUCATIONAL ANDCHARITABLE SERVICES FOR THE GENERAL WELFARE OFDISADVANTAGED BUSINESSES AND INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $629,841

Program Service Revenue $1,532,577

Investment Income $33

Other Revenue $7,900

TOTAL REVENUE $2,170,351

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $1,098,307

Fundraising Expenses $0

Program Expenses $2,017,039

Other Expenses $1,170,395

TOTAL EXPENSES $2,272,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,170,351	$1,850,682	+0.2%
Expenses	$2,272,202	$2,157,310	+0.1%
Net Income	$-101,851	$-306,628	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES JOHNSON	BOARD MEMBER	3.00	Director	$0	$0	$0
ANANAIS GRANGER JR	BOARD MEMBER	3.00	Director	$0	$0	$0
KARL RILEY	BOARD MEMBER	3.00	Director	$0	$0	$0
LATONZIA SANDERS	BOARD MEMBER	0.00	Director	$0	$0	$0
YAFAWN SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
JENNIFER ADKINS	INTERIM EXECUTIVE DIRECTOR	3.00	Director	$0	$0	$0
ASHANTE BOONE	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
MELINDA KELLY	CHAIRMAN PRESIDENT	20.00	Officer Director	$0	$0	$0
MONICA LINARES	TREASURER	3.00	Officer Director	$0	$0	$0
GWEN SHAW	SECRETARY	40.00	Officer Director Highest	$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	No data	No data	No data	No data
2023	$2,170,351	$2,272,202	$2,303,444	$-101,851
2022	$1,850,681	$2,281,960	$1,533,172	$-431,279
2021	$2,396,134	$1,849,479	$2,138,836	$546,655
2020	$1,867,158	$1,704,457	$1,543,723	$162,701
2019	$1,314,750	$1,499,136	$1,280,899	$-184,386
2018	$1,439,076	$1,614,449	$1,369,855	$-175,373

CHATHAM BUSINESS ASSOC SMALL BUSINESS DEVELOPMENT