50TH & FRANCE BUSINESS & PROFESSIO… - 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

1941

Legal Domicile

Principal Officer

PETER DEANOVIC

Phone

9529221524

Tax Period

2023-01-01 to 2023-12-31

50TH & FRANCE BUSINESS & PROFESSIONAL ASSOCIATION, founded in 1941, is a small nonprofit that reported $430K in total revenue in fiscal year 2023. The organization ran a surplus of $77K, a strong 18% operating margin.

Mission

THE ASSOCIATION PROMOTES THE GENERAL WELFARE AND ECONOMIC WELL-BEING OF THE 50TH AND FRANCE BUSINESS DISTRICT AND TO ACCOMPLISH MORE COLLECTIVELY THAN COULD BE ACHIEVED INDIVIDUALLY IN THE FOLLOWING AREAS: ADVERTISING, MARKETING AND PROMOTION, OPERATIONS, MEMBER COMMUNICATIONS, COMMUNITY RELATIONS, PUBLIC RELATIONS, MEMBERS SERVICES, DEVELOPMENT ISSUES, AND GOVERNMENT RELATIONS.

Program Service Accomplishments

Program 1

MEMBERSHIP - WE OFFER MANY BENEFITS TO OUR MEMBERS SUCH AS: WEBSITE PAGE, NETWORKING EVENTS, MONTHLY NEWSLETTER, EVENTS, GENERIC ADVERTISING, BEATIFICATION PROJECTS, AND OPPORTUNITIES TO PROMOTE...

MEMBERSHIP - WE OFFER MANY BENEFITS TO OUR MEMBERS SUCH AS: WEBSITE PAGE, NETWORKING EVENTS, MONTHLY NEWSLETTER, EVENTS, GENERIC ADVERTISING, BEATIFICATION PROJECTS, AND OPPORTUNITIES TO PROMOTE BUSINESS EVENTS ON SOCIAL MEDIA. THE ASSOCIATION ACTS AS A PLACE OF INFORMATION, A LIAISON WITH BOTH CITY DISTRICTS, A PLACE TO VOICE OPINIONS OR CONCERNS. CHANGES MEMBERS WOULD LIKE TO ACCOMPLISH ARE DRIVEN DIRECTLY BY THE ASSOCIATION. WE ARE THE BRIDGE FROM BUSINESS TO BUSINESS AND CITY TO CITY.

Program 2

EVENTS - WE HOST EDINA ART FAIR, LADIES NIGHT OUT, FASHION NIGHT OUT, HOLIDAY TREE LIGHTING, AND A PUMPKIN FEST EVENT IN WHICH WE HOST AT 50TH & FRANCE. EACH EVENT DRAWS IN VISITORS ANYWHERE FROM...

EVENTS - WE HOST EDINA ART FAIR, LADIES NIGHT OUT, FASHION NIGHT OUT, HOLIDAY TREE LIGHTING, AND A PUMPKIN FEST EVENT IN WHICH WE HOST AT 50TH & FRANCE. EACH EVENT DRAWS IN VISITORS ANYWHERE FROM 300-100,000 PEOPLE DEPENDING ON THE EVENT. EVENTS DRIVE TRAFFIC TO THE BUSINESS DISTRICT AND DIRECTLY HELP BUSINESSES INCREASE SALES. EACH EVENT IS OPEN FOR MEMBERS TO PARTICIPATE IN AS A PART OF THEIR ANNUAL MEMBERSHIP DUES. EACH EVENT HAS GROWN IN SIZE EVERY YEAR DUE TO THE ADVERTISING WE DO AND SUCCESS OF PARTICIPATION FROM STORE AND INTEREST LEVEL FROM THE PUBLIC. WE HAVE OVER 50% PARTICIPATION LEVEL FROM OUR MEMBERS IN EVENTS WE HOST

Program 3

MARKETING/PROMOTION - WE ADVERTISE EVENTS AND GENERICALLY ADVERTISE SHOPPING FOR 50TH & FRANCE. THROUGH OUR EFFORTS OF PROMOTING THE AREA WE HAVE BECOME A DESTINATION. THE PROMOTIONS WE HAVE DONE...

MARKETING/PROMOTION - WE ADVERTISE EVENTS AND GENERICALLY ADVERTISE SHOPPING FOR 50TH & FRANCE. THROUGH OUR EFFORTS OF PROMOTING THE AREA WE HAVE BECOME A DESTINATION. THE PROMOTIONS WE HAVE DONE DIRECTLY INCREASED SALES FOR BUSINESSES, BROUGHT NEW BUSINESS TO THE AREA, AND KEPT 50TH & FRANCE IN THE MEDIA WEEKLY.

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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 $0

Program Service Revenue $429,779

Investment Income $105

Other Revenue $0

TOTAL REVENUE $429,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $353,002

TOTAL EXPENSES $353,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,884	$431,773	0.0%
Expenses	$353,002	$431,596	-0.2%
Net Income	$76,882	$177	+433.4%

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	Role	Reportable Comp	Other Comp	Total
RYAN WEBER	PAST PRESIDENT	Director	$0	$0	$0
JENIFER KENT	TREASURER	Officer Director	$0	$0	$0
PETER DEANOVIC	PRESIDENT	Officer Director	$0	$0	$0
ANDREA HUNT	VICE PRESIDENT	Officer Director	$0	$0	$0
JACKIE WALLIN	DIRECTOR	Director	$0	$0	$0
LYNDSEY JACQUES	BOARD MEMBER	Director	$0	$0	$0
MICHAEL GIACOMINI	BOARD MEMBER	Director	$0	$0	$0
MICHELLE MANN	BOARD MEMBER	Director	$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	$429,884	$353,002	$185,898	$76,882
2022	$431,773	$431,596	$98,564	$177
2021	$219,587	$182,387	$89,710	$37,200
2020	$201,687	$198,815	$68,629	$2,872
2019	$404,779	$430,265	$72,301	$-25,486
2018	$408,628	$411,503	$102,338	$-2,875

50TH & FRANCE BUSINESS & PROFESSIONAL ASSOCIATION