GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT CORPORATION (EIN 522057370) - 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

OWEN BILLMAN

Phone

2024633400

Tax Period

2023-10-01 to 2024-09-30

GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT CORPORATION, founded in 1997, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 9% surplus.

Mission

TO PROVIDE A CLEAN, SAFE, VIBRANT NEIGHBORHOOD AND TO RETAIN AND ATTRACT BUSINESSES.

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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 $934,418

Program Service Revenue $6,577,221

Investment Income $476,387

Other Revenue $0

TOTAL REVENUE $7,988,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,648,345

Fundraising Expenses $0

Program Expenses $5,909,284

Other Expenses $4,643,245

TOTAL EXPENSES $7,291,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,988,026	$7,392,969	+0.1%
Expenses	$7,291,590	$6,648,483	+0.1%
Net Income	$696,436	$744,486	-0.1%

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

Total Directors

Key Employees

$394,256

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OWEN BILLMAN	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
NICOLAS BELIARD	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
AMY BOWSER	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JAMES E BRAWNER	BOARD OF DIRECTOR MEMBER	1.00	Officer Director	$0	$0	$0
DAVID BUENO	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
OLIVER CARR	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
KATHRYN CLEMENT	BOARD OF DIRECTOR MEMBER	1.00	Officer Director	$0	$0	$0
GARY COHEN	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JEN CORREALE	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
BILL FEEKS	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
SCOTT MEAD	BOARD OF DIRECTOR MEMBER	1.00	Officer Director	$0	$0	$0
FRANCISCO GONZALEZ	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
ERIC POSNER	BOARD OF DIRECTOR MEMBER	1.00	Officer Director	$0	$0	$0
APRIL RICHARDSON	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JAMES RICH	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
TANYA SEYFERT	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
DAVID TONEY	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JEFFREY C UTZ	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
SEAN WARFIELD	BOARD OF DIRECTOR MEMBER	1.00	Officer Director	$0	$0	$0
JUSTIN WALLER	BOARD OF DIRECTOR MEMBER	1.00	Director	$0	$0	$0
JOHN POWELL	CHIEF OF STAFF	40.00	Highest	$153,427	$0	$153,427
LEONA AGOURIDIS	PRESIDENT/CEO	40.00	Key Emp	$394,256	$0	$394,256
DREW JUBERT	VICE PRESIDENT	40.00	Highest	$144,576	$0	$144,576
WARD A HUFF	ASSOCIATE DIRECTOR, MEMBER	40.00	Highest	$108,812	$0	$108,812
MICHAEL MANETTI	DIRECTOR OF SECURITY & EME	40.00	Highest	$110,048	$0	$110,048

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	$7,988,026	$7,291,590	$14,810,631	$696,436
2023	$7,392,969	$6,648,483	$14,876,754	$744,486
2022	$6,461,627	$5,793,839	$12,314,555	$667,788
2021	$6,456,727	$5,564,087	$9,828,513	$892,640
2020	$6,534,889	$5,699,473	$8,467,488	$835,416
2019	$6,396,858	$5,997,447	$7,807,603	$399,411
2018	$5,061,930	$5,774,767	$7,085,687	$-712,837

GOLDEN TRIANGLE BUSINESS IMPROVEMENT DISTRICT CORPORATION