RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT

EIN: 510385409 501(c)(3) Community Improvement

WILMINGTON, DE

Total Revenue
$704,457
Total Expenses
$727,613
Total Assets
$157,807
Net Assets
$134,010
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DE
Principal Officer
JAMIE SENN
Phone
3024254890
Tax Period
2025-01-01 to 2025-12-31

RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $704K in total revenue in fiscal year 2025.

Mission

TO ENHANCE THE ECONOMIC VITALITY OF ALL ENTERPRISES LOCATED ALONG THE CHRISTINA RIVER IN WILMINGTON, DELAWARE AND FACILITATE PUBLIC ACCESS TO AND ENGAGEMENT IN THE BUSINESS, ENTERTAINMENT AND SOCIAL LIFE OF THE DISTRICT. THE RWBID WILL ACCOMPLISH ITS PURPOSES THROUGH ON-GOING EFFORTS TO IMPROVE AND MAINTAIN THE PHYSICAL ENVIRONMENT AND INFRASTRUCTURE, PROVIDE FOR PUBLIC SAFETY, CREATE IMAGE MATERIALS AND PUBLIC RELATIONS TOOLS. AND PROMOTE PARTNERSHIP AND COLLABORATION AMONG ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $697,258 Revenue: $634,322

THE RWBID CONTINUES TO IMPROVE AND MAINTAIN THE PHYSICAL ENVIRONMENT AND PROVIDE FOR PUBLIC SAFETY AND SECURITY ALONG THE CHRISTINA RIVER IN WILMINGTON, DELAWARE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $70,834
Program Service Revenue $634,322
Investment Income $-699
Other Revenue $0
TOTAL REVENUE $704,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $697,258
Other Expenses $727,613
TOTAL EXPENSES $727,613

Year-over-Year Comparison

2025 2024 Change
Revenue $704,457 $657,222 +0.1%
Expenses $727,613 $706,060 +0.0%
Net Income $-23,156 $-48,838 -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

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
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
4
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY PETTINARO CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL HARE VICE CHAIR 0.50
Officer Director
$0 $0 $0
MEGAN MCGLINCHEY TREASURER 0.50
Officer Director
$0 $0 $0
SCOTT MALFITANO BOARD MEMBER 0.50
Director
$0 $0 $0
MARTHA MANNING BOARD MEMBER 0.50
Director
$0 $0 $0
ELISE MARTIN BOARD MEMBER 0.50
Director
$0 $0 $0
RALPH ROSSI BOARD MEMBER 0.50
Director
$0 $0 $0
KELLY A WILLIAMS BOARD MEMBER 0.50
Director
$0 $0 $0
JILLIAN FARLEY BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES B TAYLOR BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC SUGRUE BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE GAROFALO BOARD MEMBER 0.50
Director
$0 $0 $0
LAURA WENTZEL BOARD MEMBER 0.50
Director
$0 $0 $0
BRETT JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
BRENDAN COOKE BOARD MEMBER 0.50
Director
$0 $0 $0
LARRY MULLAN BOARD MEMBER 0.50
Director
$0 $0 $0
JEFF CAFFERTY BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW DISABATINO BOARD MEMBER 0.50
Director
$0 $0 $0
LESLIE SCHAFFER BOARD MEMBER 0.50
Director
$0 $0 $0
WILFREDO CAMPOS BOARD MEMBER 0.50
Director
$0 $0 $0
MARCUS BEAL JR BOARD MEMBER 0.50
Director
$0 $0 $0
DARREN BLACKSTON BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS HAUPT BOARD MEMBER 0.50
Director
$0 $0 $0
TOM HICKEN BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS LANGAN BOARD MEMBER 0.50
Director
$0 $0 $0
JAMIE SENN EXECUTIVE DIRECTOR 0.50
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 $704,457 $727,613 $157,807 $-23,156
2024 $657,222 $706,060 $211,881 $-48,838
2023 $594,606 $724,375 $234,057 $-129,769
2022 $598,474 $673,665 $452,344 $-75,191
2021 $623,081 $583,054 $444,712 $40,027
2020 $641,540 $540,064 $399,101 $101,476
2019 $585,601 $549,833 $332,398 $35,768
2018 $594,452 $459,185 $296,796 $135,267
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