WHITE BEAR AVENUE BUSINESS ASSOCIA… - 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

1981

Legal Domicile

Principal Officer

RICHARD DUNN

Phone

6517742220

Tax Period

2023-11-01 to 2024-10-31

WHITE BEAR AVENUE BUSINESS ASSOCIATION, founded in 1981, is a micro nonprofit that reported $15K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 192% operating deficit.

Mission

PROMOTE BUSINESS ALONG WHITE BEAR AVENUE

Program Service Accomplishments

Program 1

Expenses: $43,028 Revenue: $12,250

PROMOTE AND ORGANIZE AN ANNUAL PARADE EACH SUMMER. THE PARADE DRAWS APPROXIMATELY 25,000 PEOPLE TO THE AREA, PROMOTING BUSINESS AND COMMERCE.

Program 2

Expenses: $0 Revenue: $2,502

SPONSOR MONTHLY BUSINESS MEETINGS FOR MEMBERS. MEETINGS INCLUDE PRESENTATION BY LOCAL BUSINESS EXPERTS AND ALLOW MEMBERS THE OPPORTUNITY TO DEVELOP THEIR BUSINESSES. ALSO SPONSOR AND SUPPORT...

SPONSOR MONTHLY BUSINESS MEETINGS FOR MEMBERS. MEETINGS INCLUDE PRESENTATION BY LOCAL BUSINESS EXPERTS AND ALLOW MEMBERS THE OPPORTUNITY TO DEVELOP THEIR BUSINESSES. ALSO SPONSOR AND SUPPORT COMMUNITY ACTIVITIES TO IMPROVE THE AREA AND MAKE IT A MORE PLEASANT PLACE.

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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 $12,250

Program Service Revenue $0

Investment Income $0

Other Revenue $2,502

TOTAL REVENUE $14,752

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,028

Other Expenses $8,028

TOTAL EXPENSES $43,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,752	$23,548	-0.4%
Expenses	$43,028	$3,994	+9.8%
Net Income	$-28,276	$19,554	-2.4%

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

Volunteers

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
RICHARD DUNN	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURIE SIEVER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE FOX	TREASURER / SECRETARY	5.00	Officer 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	$14,752	$43,028	$81,103	$-28,276
2023	$23,548	$3,994	$109,818	$19,554
2022	$132,679	$147,621	$90,095	$-14,942
2021	$136,272	$127,025	$104,047	$9,247

WHITE BEAR AVENUE BUSINESS ASSOCIATION