WEST BANK BUSINESS ASSOCIATION

EIN: 411694119 501(c)(3) Community Improvement

MINNEAPOLIS, MN

Total Revenue
$288,979
Total Expenses
$222,944
Total Assets
$240,488
Net Assets
$228,608
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
KJ STARR
Phone
6124707693
Tax Period
2023-01-01 to 2023-12-31

WEST BANK BUSINESS ASSOCIATION, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $289K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 23% operating margin.

Mission

WBBA EXISTS TO ENGAGE THE BUSINESS COMMUNITY IN THE RESPONSIBLE ECONOMIC DEVELOPMENT OF THE WEST BANK DISTRICT WHILE PRESERVING THE UNIQUE CHARACTER AND HERITAGE OF THE CEDAR-RIVERSIDE AREA.

Program Service Accomplishments

Program 1
Expenses: $30,804 Revenue: $3,426

DISTRICT MARKETING & EVENTS- HOSTED OPEN STREETS BLOCK PARTY EVENT AUGUST 2024 FEATURING LOCAL BUSINESSES, 4 STAGES OF MUSIC AND THEATER, A CAMEL, A WIENER DOG RACE, AS WELL AS GAMES AND ACTIVITIES.-...

Read more

DISTRICT MARKETING & EVENTS- HOSTED OPEN STREETS BLOCK PARTY EVENT AUGUST 2024 FEATURING LOCAL BUSINESSES, 4 STAGES OF MUSIC AND THEATER, A CAMEL, A WIENER DOG RACE, AS WELL AS GAMES AND ACTIVITIES.- INSTALLED MURAL ON THE HEAVILY GRAFFITIED DARUL QUBA BUILDING ON THE BLUE LINE LIGHT RAIL STATION.- HOSTED 20 WEEKS OF FREE ARTS AND MUSIC IN A BLIGHTED LOT OFF CEDAR AVENUE AND BEGAN WORK DESIGNING A "SHADE SCULPTURE".- VIDEOTAPED FOOTAGE OF EVENTS AND CONVERSATIONS WITH BUSINESS OWNERS FOR A WEST BANK MARKETING VIDEO.- HOSTED FALL WEST BANK BIKE RIDE FOR VISITORS AND RESIDENTS.- RAN DISTRICT CLEAN UPS.

Program 2
Expenses: $58,164

SAFETY & YOUTH ENGAGEMENT- HIRED YOUTH AFFECTED BY HOMELESS AND ADDICTION TO INSTALL GARDENS IN BLIGHTED LOT AND ASSIST WITH 20 WEEKS OF FREE ARTS AND MUSIC AND WEEKLY HOMELESSNESS RESOURCE FAIR.-...

Read more

SAFETY & YOUTH ENGAGEMENT- HIRED YOUTH AFFECTED BY HOMELESS AND ADDICTION TO INSTALL GARDENS IN BLIGHTED LOT AND ASSIST WITH 20 WEEKS OF FREE ARTS AND MUSIC AND WEEKLY HOMELESSNESS RESOURCE FAIR.- COORDINATED A WEEKLY HOMELESSNESS RESOURCE FAIR.- GAVE YOUTH STIPENDS TO WORK WITH MURALISTS AND OTHER ARTSISTS ON PUBLIC ART PROJECTS.- INSTALLED AND PAINTED A SHED FOR PROGRAMMING MATERIALS.- HOSTED 4 FREE WORKSHOPS OFFERING CARDBOARD BASED CREATIVE GAMES TO THE PUBLIC.

Program 3
Expenses: $84,221

TECHNICAL ASSISTANCE AND OUTREACH- PILOTED CULTURAL MALL EXTREME MAKEOVER PROGRAM TO ASSIST MALL TENANTS WITH ORGANIZING AND MERCHANDISING.- PROVIDED OVER 500 HOURS OF DIRECT TECHNICAL ASSISTANCE TO...

Read more

TECHNICAL ASSISTANCE AND OUTREACH- PILOTED CULTURAL MALL EXTREME MAKEOVER PROGRAM TO ASSIST MALL TENANTS WITH ORGANIZING AND MERCHANDISING.- PROVIDED OVER 500 HOURS OF DIRECT TECHNICAL ASSISTANCE TO BUSINESSES, ABOUT 74% OF BUSINESSES RECEIVING ASSISTANCE WERE IMMIGRANT BUSINESSES AND 59% WERE WOMEN BUSINESSES.- DISTRIBUTED OVER $50,000 IN FAADE GRANT FUNDS. 100% WENT TO IMMIGRANT OWNED BUSINESSES.- ASSISTED IN SECURING OVER $500,000 IN DIRECT GRANT FUNDS FOR LOCAL BUSINESSES.- WE AWARDED $5,000 IN WEST BANK CARES GRANTS TO INDIVIDUALS AND ORGANIZATIONS SHOWING CARE FOR THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $283,302
Program Service Revenue $2,793
Investment Income $2,251
Other Revenue $633
TOTAL REVENUE $288,979

Expense Breakdown

Grants Paid $14,312
Salaries & Benefits $68,574
Fundraising Expenses $3,784
Program Expenses $187,993
Other Expenses $140,058
TOTAL EXPENSES $222,944

Year-over-Year Comparison

2023 2022 Change
Revenue $288,979 $168,162 +0.7%
Expenses $222,944 $215,282 +0.0%
Net Income $66,035 $-47,120 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
11
Volunteers
40

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
$30,808
Total Directors
12
$30,808
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KJ STAR EXECUTIVE DIRECTOR 16.00
Officer Director
$30,808 $0 $30,808
AMANO DUBE CHAIR 2.00
Officer Director
$0 $0 $0
JOSH SCHUDER VICE CHAIR 2.00
Officer Director
$0 $0 $0
CALEIGH SOUHAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
MERRIE BENASUTTI SECRETARY 2.00
Officer Director
$0 $0 $0
SUSANNAH DODGE TREASURER 2.00
Officer Director
$0 $0 $0
JANE BUCKLEY-FARLEE DIRECTOR 2.00
Director
$0 $0 $0
PAULA GUINN DIRECTOR 2.00
Director
$0 $0 $0
UBAH KEYNAN DIRECTOR 2.00
Director
$0 $0 $0
RUSSOM SOLOMAN DIRECTOR 2.00
Director
$0 $0 $0
TOLA VANN DIRECTOR 2.00
Director
$0 $0 $0
TONY ZACCARDI DIRECTOR 2.00
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 $288,979 $222,944 $240,488 $66,035
2021 $230,474 $117,880 $210,193 $112,594
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WEST BANK BUSINESS ASSOCIATION with other nonprofits in Minnesota and across the country.