BUSINESS ALLIANCE FOR A SOUND ECONO (EIN 460519424) - Form 990 Financial Analysis & Trantor Score

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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

JEROD PATTERSON

Phone

9107992611

Tax Period

2024-01-01 to 2024-12-31

BUSINESS ALLIANCE FOR A SOUND ECONO, founded in 2003, is a small nonprofit that reported $304K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $278K left a modest 9% surplus.

Mission

FORMED IN 2003, BASE IS A 501C6 NON-PROFIT ADVOCACY ORGANIZATION THAT ACTS AS A RESPONSIBLE "VOICE- AND ADVOCATE FOR BUSINESS AND INDUSTRY IN SOUTHEASTERN NORTH CAROLINA. THE FOCUS IS REGIONAL AND WORK ON BEHALF OF INDUSTRY AND BUSINESS IN NEW HANOVER, BRUNSWICK AND PENDER COUNTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $297,645

Program Service Revenue $0

Investment Income $6,062

Other Revenue $0

TOTAL REVENUE $303,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,209

Fundraising Expenses $0

Other Expenses $77,613

TOTAL EXPENSES $277,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,707	$271,528	+0.1%
Expenses	$277,822	$255,001	+0.1%
Net Income	$25,885	$16,527	+0.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER NEWMAN	PRESIDENT- F	40.00		$172,500	$6,500	$179,000
TIMOTHY L MILAM	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON SWAIN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
BRIAN ECKEL	BOARD MEMBER	N/A	Director	$0	$0	$0
HILL ROGERS	BOARD MEMBER	N/A	Director	$0	$0	$0
SAM FRANCK	BOARD MEMBER	N/A	Director	$0	$0	$0
HEATH CLARK	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE SPETRINO	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE KEENAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JENNIFER ADAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
TED SHIPLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN LENNON	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
SHAWN HORTON	BOARD MEMBER	N/A	Director	$0	$0	$0
HOWARD PENTON	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM HUNDLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
BOB PERCESEPE	BOARD MEMBER	N/A	Director	$0	$0	$0
AMANDA PARMER	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN BISPLINGHOFF	BOARD MEMBER	N/A	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	$303,707	$277,822	$270,478	$25,885
2023	$271,528	$255,001	$244,593	$16,527
2022	$243,600	$232,062	$228,066	$11,538
2021	$271,600	$221,962	$216,528	$49,638
2020	$236,131	$172,723	$166,890	$63,408
2019	$200,693	$197,351	$103,482	$3,342

BUSINESS ALLIANCE FOR A SOUND ECONO