SOUTHWEST BUSINESS IMPROVEMENT DISTRICT

EIN: 462590581 Community Improvement

WASHINGTON, DC

Total Revenue
$5,553,859
Total Expenses
$5,761,225
Total Assets
$9,428,735
Net Assets
$4,242,984
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DC
Principal Officer
STEVE MOORE
Phone
2026183515
Tax Period
2023-10-01 to 2024-09-30

SOUTHWEST BUSINESS IMPROVEMENT DISTRICT, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE SOUTHWESTBUSINESS IMPROVEMENT DISTRICT (SWBID) IS TO DESIGN AND MANAGE A COMPREHENSIVE SERIES OF PROGRAMS TO IMPROVE THE IMAGE, CONNECTIVITY, AND BUSINESS CLIMATE OF THE NEAR SOUTHWEST QUADRANT OF THE DISTRICT OF COLUMBIA. THE SWBID PROVIDES PLACE MANAGEMENT, BRANDING AND PLACEMAKING SERVICES AND PROGRAMS. THE GOAL OF ALL OF THE SWBID INITIATIVES IS TO MAKE SOUTHWEST DC A CLEANER, SAFER AND BETTER CONNECTED 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,234,903
Program Service Revenue $4,163,409
Investment Income $23,043
Other Revenue $132,504
TOTAL REVENUE $5,553,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,595,099
Fundraising Expenses $0
Other Expenses $3,166,126
TOTAL EXPENSES $5,761,225

Year-over-Year Comparison

2023 2022 Change
Revenue $5,553,859 $5,316,282 +0.0%
Expenses $5,761,225 $5,333,350 +0.1%
Net Income $-207,366 $-17,068 +11.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
25
Volunteers
14

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
7
$1,031,790
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA WESTMORELAND CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ANDREW SON VICE CHAIR 1.00
Officer Director
$0 $0 $0
TAMARA CHRISTIAN DIRECTOR 1.00
Director
$0 $0 $0
AUSTIN FLAJSER DIRECTOR 1.00
Director
$0 $0 $0
RANDY MARCUS DIRECTOR 1.00
Director
$0 $0 $0
DEMITRA S ALVARADO DIRECTOR 1.00
Director
$0 $0 $0
TOM CICOTELLO DIRECTOR 1.00
Director
$0 $0 $0
LOUIS SHEDRICK DIRECTOR 1.00
Director
$0 $0 $0
LESLIE SMITH DIRECTOR 1.00
Director
$0 $0 $0
DANIEL JONES DIRECTOR 1.00
Director
$0 $0 $0
MARK RIVERS DIRECTOR 1.00
Director
$0 $0 $0
GEOFFREY GRIFFIS DIRECTOR 1.00
Director
$0 $0 $0
KATHY GUY DIRECTOR 1.00
Director
$0 $0 $0
TOM INCHECK DIRECTOR 1.00
Director
$0 $0 $0
EDGAR DOBIE TREASURER 1.00
Officer Director
$0 $0 $0
JACQUIE HOLDER SECRETARY 1.00
Officer Director
$0 $0 $0
ANDRE WITT CHEIF OPERATING OFFICER 40.00
Officer
$311,590 $27,505 $339,095
ALEXANDRA ALBE MAGAGING DIRECTOR 40.00
Officer
$219,771 $16,096 $235,867
STEVE MOORE EXECUTIVE DIRECTOR 40.00
Officer
$427,813 $29,015 $456,828
PAMELA WOLF DIRECTOR OF MARKETING 40.00
Highest
$121,795 $12,166 $133,961
JESSICA E HIMMELRICH PUBLIC SPACE DIRECTOR 40.00
Highest
$100,500 $10,986 $111,486
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 $5,553,859 $5,761,225 $9,428,735 $-207,366
2023 $5,316,282 $5,333,350 $11,065,136 $-17,068
2022 $4,414,338 $4,267,627 $8,928,810 $146,711
2021 $4,241,632 $3,438,672 $5,791,931 $802,960
2020 $4,271,688 $3,727,958 $4,937,455 $543,730
2019 $4,220,339 $3,781,224 $4,267,021 $439,115
2018 $3,678,138 $2,993,248 $3,856,407 $684,890
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