WDBID Management Company (EIN 510362299) - 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

1994

Legal Domicile

Principal Officer

Michael Maggitti

Phone

3024254200

Tax Period

2022-07-01 to 2023-06-30

WDBID Management Company, founded in 1994, is a community nonprofit in the Unknown sector that reported $3.1M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year.

Mission

WDBID Management Company (Downtown Visions) was established to create a safer, cleaner and well-managed central business district (City). Downtown Visions programs are designed to supplement City services in the areas of crime prevention and control, sidewalk cleaning and general pedestrian assistance within the district. Downtown Visions also provides marketing and promotional activities designed to enhance the image of the business district.

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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 (2022)

Revenue Breakdown

Contributions & Grants $217,264

Program Service Revenue $2,830,568

Investment Income $9,803

Other Revenue $0

TOTAL REVENUE $3,057,635

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $2,257,466

Fundraising Expenses $7,727

Program Expenses $2,584,116

Other Expenses $800,302

TOTAL EXPENSES $3,082,995

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,057,635	$3,356,215	-0.1%
Expenses	$3,082,995	$3,027,141	+0.0%
Net Income	$-25,360	$329,074	-1.1%

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

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

$155,269

Total Directors

$155,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Guzzardo	Director	1.00	Director	$0	$0	$0
Julia Han	Director	1.00	Director	$0	$0	$0
Hillary Patterson Esq	Director	1.00	Director	$0	$0	$0
Peggy Strine	Director - 1st Vice Chair	1.00	Officer Director	$0	$0	$0
Vito I DiMaio	Director	1.00	Director	$0	$0	$0
Samira Aird	Director	1.00	Director	$0	$0	$0
John Hawkins	Director	1.00	Director	$0	$0	$0
Deborah Schwartz	Director	1.00	Director	$0	$0	$0
Stan Soja	Director	1.00	Director	$0	$0	$0
Adam Landis Esq	Director - Chairman	1.00	Director	$0	$0	$0
Julie Topkis Nason	Director	1.00	Director	$0	$0	$0
Honorable Stephanie Bolden	Director	1.00	Director	$0	$0	$0
Vernita Dorsey	Director	1.00	Director	$0	$0	$0
John Kaczowka	Director	1.00	Director	$0	$0	$0
Kevin McGonegal	Director	1.00	Director	$0	$0	$0
Jed Hatfield	Director - 2nd Vice Chair	1.00	Officer Director	$0	$0	$0
Randy Kunkle	Director	1.00	Director	$0	$0	$0
Michael Vanni	Director	1.00	Director	$0	$0	$0
Honorable Ernest Trippi Congo	Director	1.00	Director	$0	$0	$0
Mona Parikh Esq	Director	1.00	Director	$0	$0	$0
Chief Wilfredo Campos	Director	1.00	Director	$0	$0	$0
Sean Park	director	1.00	Director	$0	$0	$0
Jaime Bohn	Director	1.00	Director	$0	$0	$0
Bob Chadwick	Director	1.00	Director	$0	$0	$0
Jean Dahlgren	Director	1.00	Director	$0	$0	$0
Theresa Foraker MSN RN ONC	Director	1.00	Director	$0	$0	$0
Sallie Hendricks	Director	1.00	Director	$0	$0	$0
Thomas Hanson Esq	Director	1.00	Director	$0	$0	$0
David Shelton	Director	1.00	Director	$0	$0	$0
John Williams Esq	Director	1.00	Director	$0	$0	$0
Danielle Andrisani Nowaczyki Esq	Director	1.00	Director	$0	$0	$0
Michael Maggitti	Executive Director	40.00	Officer Director	$149,549	$5,720	$155,269
Pamela Manocchio	director	1.00	Director	$0	$0	$0
Loshawn Maxwell	Senior Director of Finance	40.00	Highest	$118,521	$6,681	$125,202

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,057,635	$3,082,995	$2,985,347	$-25,360
2022	$3,356,215	$3,027,141	$2,964,018	$329,074
2022	$3,356,215	$3,027,141	$2,964,018	$329,074
2021	$3,510,196	$3,217,567	$3,223,637	$292,629
2020	$2,989,124	$3,330,663	$2,832,181	$-341,539
2019	$3,284,117	$2,989,960	$2,713,581	$294,157
2018	$2,913,999	$2,984,273	$2,486,402	$-70,274

WDBID Management Company