SODO Business Improvement Area (EIN 471278728) - 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

2014

Legal Domicile

Principal Officer

Erin Goodman

Phone

2069819877

Tax Period

2023-01-01 to 2023-12-31

SODO Business Improvement Area, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 7% surplus.

Mission

Enhance transportation, safety, and cleanliness to benefit those in the SODO area of Seattle.

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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 $151,648

Program Service Revenue $1,933,132

Investment Income $-37,968

Other Revenue $0

TOTAL REVENUE $2,046,812

Expense Breakdown

Grants Paid $12,634

Salaries & Benefits $688,494

Fundraising Expenses $0

Program Expenses $1,593,485

Other Expenses $1,208,815

TOTAL EXPENSES $1,909,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,046,812	$1,569,704	+0.3%
Expenses	$1,909,943	$1,311,745	+0.5%
Net Income	$136,869	$257,959	-0.5%

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

110

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

$217,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Biesold	President	1.00	Officer Director	$0	$0	$0
Wil Lavaris	Vice President	1.00	Officer Director	$0	$0	$0
Chad Zinda	Secretary Until Aug 2023	1.00	Officer Director	$0	$0	$0
Robin Howard	Treasurer	2.00	Officer Director	$0	$0	$0
Jen Osborn	Secretary	1.00	Officer Director	$0	$0	$0
Daniel Byrne	Director	1.00	Director	$0	$0	$0
Ken Clark	Director	1.00	Director	$0	$0	$0
Alex Cooley	Director	1.00	Director	$0	$0	$0
Sally Del Fierro	Director Until May 2023	1.00	Director	$0	$0	$0
Effie Gleason	Director	2.00	Director	$0	$0	$0
Joe Sievers	Director	1.00	Director	$0	$0	$0
Mark Miller	Director	1.00	Director	$0	$0	$0
Lisa Nitze	Director	1.00	Director	$0	$0	$0
Juan Rodriguez	Director	1.00	Director	$0	$0	$0
Garth Schlemlein	Director	1.00	Director	$0	$0	$0
Andy Gregory	Director As of May 2023	1.00	Director	$0	$0	$0
Christine Beeman	Director	1.00	Director	$0	$0	$0
Erin Goodman	Executive Director	40.00	Officer	$190,227	$27,501	$217,728

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	$2,046,812	$1,909,943	$599,515	$136,869
2022	$1,569,704	$1,311,745	$488,902	$257,959
2021	$1,070,355	$1,072,861	$209,309	$-2,506
2020	$1,024,380	$968,823	$191,395	$55,557
2019	$1,027,485	$1,000,939	$147,655	$26,546
2018	$864,930	$839,766	$118,870	$25,164

SODO Business Improvement Area