WASHINGTON BUSINESS IMPROVEMENT DIS

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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

2003

Legal Domicile

Principal Officer

KRISTY ROMANOWSKI

Phone

9086894800

Tax Period

2025-01-01 to 2025-12-31

WASHINGTON BUSINESS IMPROVEMENT DIS, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $342K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $307K left a modest 10% surplus.

Mission

THE WBID CREATES AN ENVIRONMENT WHERE BUSINESS AND GOVERNMENT CAN WORK TOGETHER TO PROMOTE OPPORTUNITIES, ENHANCE THE SHOPPERS EXPERIENCE, AND PRESERVE THE CULTURAL, HISTORIC, TOURIST AND CIVIC INTERESTS OF THE DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $207,624 Revenue: $49,852

SPECIAL EVENTS IN THE BOROUGH TO PROMOTE BUSINESSES WITHIN THE SPECIAL IMPROVEMENT DISTRICT.

Program 2

Expenses: $21,133

STREETSCAPE BEAUTIFICATION AND IMPROVEMENTS AND REPAIRS TO PROPERTY WITHIN THE SPECIAL IMPROVEMENT DISTRICT.

Program 3

Expenses: $1,851

ASSIST BUSINESS WITHIN THE SPECIAL IMPROVEMENT DISTRICT THROUGH PROMOTIONAL CAMPAIGNS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $291,700

Program Service Revenue $49,852

Investment Income $339

Other Revenue $0

TOTAL REVENUE $341,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,335

Fundraising Expenses $0

Program Expenses $230,608

Other Expenses $203,906

TOTAL EXPENSES $307,241

Year-over-Year Comparison

	2025	2024	Change
Revenue	$341,891	$281,043	+0.2%
Expenses	$307,241	$299,819	+0.0%
Net Income	$34,650	$-18,776	-2.8%

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

$72,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CARUSO	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE KRIES	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
ROBERT VALINSKI	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SMITH	TREASURER	1.00	Director	$0	$0	$0
DAVID SANTINI	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY HALPIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ANDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LYUBOV NIKITCHENKO	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH DREW	TRUSTEE	1.00	Director	$0	$0	$0
DAN ROSSI	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
SEAN SPENDER	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE THIEL	EXECUTIVE DI	40.00	Officer	$72,541	$0	$72,541
DANIEL HIRSHBERG	P. R. CONSUL	40.00	Director	$0	$0	$0
KRISTY ROMANOWSKI	EXECUTIVE DI	N/A	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
2025	$341,891	$307,241	$161,930	$34,650
2024	$281,043	$299,819	$89,692	$-18,776
2023	$279,277	$284,325	$109,759	$-5,048
2022	$272,225	$285,116	$113,316	$-12,891
2021	$246,692	$277,323	$122,529	$-30,631
2020	$240,511	$227,804	$152,267	$12,707
2019	$259,158	$257,522	$147,404	$1,636
2018	$230,039	$232,546	$146,450	$-2,507