RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT (EIN 510385409) - 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

1998

Legal Domicile

Principal Officer

JAMIE SENN

Phone

3024254890

Tax Period

2024-01-01 to 2024-12-31

RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $657K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE MAINTENANCE AND SECURITY SERVICES FOR THE ENJOYMENT AND PROTECTION OF THE GENERAL PUBLIC AND TO IMPROVE NEIGHBORHOOD CONDITIONS IN THE WILMINGTON AREA.

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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 $49,999

Program Service Revenue $600,867

Investment Income $6,356

Other Revenue $0

TOTAL REVENUE $657,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $676,899

Other Expenses $706,060

TOTAL EXPENSES $706,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$657,222	$594,606	+0.1%
Expenses	$706,060	$724,375	0.0%
Net Income	$-48,838	$-129,769	-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

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

Total Directors

Key Employees

Highest Compensated

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
JOSEPH FRUSHON	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
PATRICE 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
STEPHEN MORRISSEY	EXECUTIVE BOARD MEMBER	0.50	Officer 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	$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

RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT