SALEM BUSINESS AND INDUSTRIAL COMM

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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

1990

Legal Domicile

Tax Period

2019-01-01 to 2019-12-31

SALEM BUSINESS AND INDUSTRIAL COMM, founded in 1990, is a micro nonprofit that reported $2K in total revenue in fiscal year 2019. Revenue surged 28514% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1K, a strong 74% operating margin.

Mission

THE ORGANIZATION ACTIVELY SEEKS TO PROMOTE BUSINESS DEVELOPMENT AND EXPANSION AND IMPROVE THE GENERAL BUSINESS CONDITIONS WITHIN THE CITY

Program Service Accomplishments

Program 1

THE ORGANIZATION HAS INVESTED IN LAND AND A BUILDING WHICH IT HAS LEASED TO COMPANIES WISHING TO DO START UPS AND EXPANSIONS. IT SUPPORTS LOCAL BUSINESSES IN EXPANDING AND PROMOTING THEIR BUSINESS...

THE ORGANIZATION HAS INVESTED IN LAND AND A BUILDING WHICH IT HAS LEASED TO COMPANIES WISHING TO DO START UPS AND EXPANSIONS. IT SUPPORTS LOCAL BUSINESSES IN EXPANDING AND PROMOTING THEIR BUSINESS ACTIVITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $8

Other Revenue $1,995

TOTAL REVENUE $2,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $525

TOTAL EXPENSES $525

Year-over-Year Comparison

	2019	2018	Change
Revenue	$2,003	$7	+285.1%
Expenses	$525	$561	-0.1%
Net Income	$1,478	$-554	-3.7%

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

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
JAMES T SOMER	DIRECTOR	0.40	Director	$0	$0	$0
JUSTIN HARNESS	DIRECTOR	0.40	Director	$0	$0	$0
MATT STANFORD	DIRECTOR	0.40	Director	$0	$0	$0
LARRY CLARK	DIRECTOR	0.40	Director	$0	$0	$0
MIKE DYE	DIRECTOR	0.40	Director	$0	$0	$0
FRANK FRANCZYK	DIRECTOR	0.40	Director	$0	$0	$0
GARY HAHN	DIRECTOR	0.40	Director	$0	$0	$0
JERRY BROOM	DIRECTOR	0.40	Director	$0	$0	$0
MELANI JOHNSON	SECRETARY	0.80	Officer Director	$0	$0	$0
NEAL SMITH	PRESIDENT	0.80	Officer	$0	$0	$0
TIMM SQUIBB	VICE-PRESIDENT	0.80	Officer	$0	$0	$0
MARILYN SHETLEY SHOOK	TREASURER	0.80	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
2019	$2,003	$525	$16,304	$1,478
2018	$7	$561	$14,826	$-554