DOWNTOWN BUSINESS IMPROVEMENT DISTRICT CORPORATION (EIN 522053279) - 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

1997

Legal Domicile

Principal Officer

GERREN PRICE

Phone

2026383232

Tax Period

2023-10-01 to 2024-09-30

DOWNTOWN BUSINESS IMPROVEMENT DISTRICT CORPORATION, founded in 1997, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO ENHANCE THE ECONOMIC VITALITY OF THE MEMBERS OF THE DOWNTOWN BID.

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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 $957,029

Program Service Revenue $13,428,479

Investment Income $354,459

Other Revenue $0

TOTAL REVENUE $14,739,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,849,418

Fundraising Expenses $0

Other Expenses $11,974,589

TOTAL EXPENSES $15,824,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,739,967	$16,064,624	-0.1%
Expenses	$15,824,007	$16,052,715	0.0%
Net Income	$-1,084,040	$11,909	-92.0%

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

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

$714,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHASE RYND	PAST CHAIR	1.00	Director	$0	$0	$0
MICHAEL MCCARTHY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KINGDON GOULD III	PAST CHAIR	1.00	Director	$0	$0	$0
MATTHEW KLEIN	PAST CHAIR	1.00	Director	$0	$0	$0
CHRIS MUNDY	TREASURER	1.00	Officer Director	$0	$0	$0
SHANTELLE GEORGE	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT FRISCH	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ANN CHISHOLM	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
BRIAN GRANT	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KATHLEEN MELVILLE	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
DEAN VIOLAGIS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
SHERRY ABEDI	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KIMBERLY DOUGLAS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
AILEEN FUCHS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JR MEYERS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JEFFREY BANK	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ANGIE GATES	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KENNETH SCHWARTZ	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KIM SAJET	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
MARISA GERLA	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
MARSHALL MCNAIR	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
MONICA DIXON	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
NORMAN JEMAL	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
PAUL R TETREAULT	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
PETER OTTENI	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
REVDRIANTHER MILLS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ROBIN MCCLAIN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
THOMAS E FINAN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
THOR C HEADLEY	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
D'JUAN O'DONALD	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
WALLACE MLYNIEC	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
YENI WONG	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JOHN MCDONNELL	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
IDA POLITE	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
GERREN PRICE	PRESIDENT AND CEO	40.00	Officer	$300,054	$35,262	$335,316
GERARD WIDDICOMBE	CHIEF FINANCIAL OFFICER	40.00	Officer	$208,327	$22,843	$231,170
ELLA FAULKNER	VP OF PLANNING & ECONOMIC DEV.	40.00	Officer	$136,923	$10,954	$147,877
NABAVI OLIVER	DIRECTOR OF ADMINISTRATION	40.00	Highest	$223,712	$32,352	$256,064
LULU LIU	CONTROLLER	40.00	Highest	$148,599	$31,689	$180,288

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	$14,739,967	$15,824,007	$16,483,398	$-1,084,040
2023	$16,064,624	$16,052,715	$19,026,228	$11,909
2022	$16,513,182	$16,888,611	$13,661,033	$-375,429
2021	$15,153,939	$14,451,662	$12,848,344	$702,277
2020	$14,675,476	$11,002,256	$11,072,777	$3,673,220
2019	$14,177,541	$12,515,096	$7,816,632	$1,662,445
2018	$11,637,566	$11,418,540	$5,560,579	$219,026

DOWNTOWN BUSINESS IMPROVEMENT DISTRICT CORPORATION