ASSOCIATION OF WOMEN'S BUSINESS CENTERS

EIN: 371771308 501(c)(3) Employment

WASHINGTON, DC

Total Revenue
$2,164,446
Total Expenses
$1,953,397
Total Assets
$1,170,366
Net Assets
$1,032,913
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DC
Principal Officer
CORINNE GOBLE
Phone
2024304756
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATION OF WOMEN'S BUSINESS CENTERS, founded in 2000, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 10% surplus.

Mission

EDUCATION FOR SERVICE PROVIDERS TO WOMAN ENTREPRENEURS.

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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 $1,946,905
Program Service Revenue $212,659
Investment Income $4,882
Other Revenue $0
TOTAL REVENUE $2,164,446

Expense Breakdown

Grants Paid $392,233
Salaries & Benefits $612,160
Fundraising Expenses $83,537
Program Expenses $1,563,079
Other Expenses $949,004
TOTAL EXPENSES $1,953,397

Year-over-Year Comparison

2024 2023 Change
Revenue $2,164,446 $1,804,547 +0.2%
Expenses $1,953,397 $1,762,118 +0.1%
Net Income $211,049 $42,429 +4.0%
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

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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
18
Independent Members
18
Employees
8
Volunteers
39

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
6
$212,053
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KLASSI DUNCAN CHAIR 5.00
Officer Director
$0 $0 $0
ROBERTA MCCULLOUGH PAST CHAIR 5.00
Officer Director
$0 $0 $0
NICOLE LIATOS VICE CHAIR 5.00
Officer Director
$0 $0 $0
ANNE FLYNN SCHLICHT TREASURER 5.00
Officer Director
$0 $0 $0
KATHRYN RUDLOFF SECRETARY 5.00
Officer Director
$0 $0 $0
CHRISTY DAUER BOARD MEMBER 5.00
Director
$0 $0 $0
RUTH GARCIA-CORRALES BOARD MEMBER 5.00
Director
$0 $0 $0
AUSTIN GOBLE BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
NIKKI HAHN BOARD MEMBER 5.00
Director
$0 $0 $0
GWEN HART BOARD MEMBER 5.00
Director
$0 $0 $0
KATTY IBARRA BOARD MEMBER 5.00
Director
$0 $0 $0
SOPHIA KANAAN BOARD MEMBER 5.00
Director
$0 $0 $0
DANETTE NGUYEN BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
CINDY RAMOS-DAVIDSON BOARD MEMBER 5.00
Director
$0 $0 $0
LUZ SELLERS BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
RANA SHANAWANI BOARD MEMBER 5.00
Director
$0 $0 $0
JACKIE SCOTT BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
KASSI STRONG BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
MARY ANN PETRILLO BOARD MEMBER (UNTIL 09/24) 5.00
Director
$0 $0 $0
CORINNE GOBLE CEO 40.00
Officer
$190,897 $21,156 $212,053
JESSICA YANKEE VP OF PROGRAMS 40.00
Highest
$128,654 $17,789 $146,443
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 $2,164,446 $1,953,397 $1,170,366 $211,049
2023 $1,804,547 $1,762,118 $941,235 $42,429
2022 $1,694,343 $1,374,830 $803,724 $319,513
2021 $1,225,444 $980,469 $509,580 $244,975
2020 $599,203 $592,064 $259,216 $7,139
2019 $392,945 $520,073 $234,363 $-127,128
2018 $473,878 $572,318 $339,334 $-98,440
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