LOCAL BUSINESS ASSIST INCORPORATED

EIN: 364909962 501(c)(3) Community Improvement

MONTE VISTA, CO

Total Revenue
$234,280
Total Expenses
$5,719
Total Assets
$228,561
Net Assets
$228,561
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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
2020
Legal Domicile
CO
Phone
8006300058
Tax Period
2020-01-01 to 2020-12-31

LOCAL BUSINESS ASSIST INCORPORATED, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $234K in total revenue in fiscal year 2020. The organization ran a surplus of $229K, a strong 98% operating margin.

Mission

Support groups and individuals creating businesses, fostering economic development through social and cultural events to improve quality of life.

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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 (2020)

Revenue Breakdown

Contributions & Grants $234,280
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $234,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,719
TOTAL EXPENSES $5,719

Year-over-Year Comparison

2020 2019 Change
Revenue $234,280 N/A N/A
Expenses $5,719 N/A N/A
Net Income $228,561 $0 N/A
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
3
Independent Members
N/A
Employees
N/A
Volunteers
1

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ron Douglas Chair person 1.00
Officer
$0 $0 $0
Heather Douglas Board Member 1.00
Officer
$0 $0 $0
Ann Rea Board Member 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
2020 $234,280 $5,719 $228,561 $228,561
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