DOWNTOWN BID SERVICES CORPORATION (EIN 522198151) - 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

1996

Legal Domicile

Principal Officer

GERREN PRICE

Phone

2026383232

Tax Period

2023-10-01 to 2024-09-30

DOWNTOWN BID SERVICES CORPORATION, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION'S PURPOSE IS TO MAKE DOWNTOWN WASHINGTON DC A CLEANER, SAFER AND MORE ATTRACTIVE AREA, AND THEREBY TO PROMOTE THE COMMON INTEREST OF AREA BUSINESSES, BY ENGAGING IN THE EMPLOYMENT AND MANAGEMENT OF SAFETY, HOSPITALITY, CLEANING AND MAINTENANCE WORKERS. THESE WORKERS PROVIDE SERVICES TO IMPROVE BUSINESS CONDITIONS IN THE DOWNTOWN AREA OF THE DISTRICT OF COLUMBIA, PARTICULARLY THE DOWNTOWN BID 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 (2023)

Revenue Breakdown

Contributions & Grants $5,695,363

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,695,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,481,889

Fundraising Expenses $0

Other Expenses $1,322,567

TOTAL EXPENSES $5,804,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,695,363	$4,530,000	+0.3%
Expenses	$5,804,456	$4,648,270	+0.2%
Net Income	$-109,093	$-118,270	-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

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

$335,316

Total Directors

$335,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERREN PRICE	PRESIDENT AND CEO	1.00	Officer Director	$0	$35,262	$335,316
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

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	$5,695,363	$5,804,456	$557,525	$-109,093
2023	$4,530,000	$4,648,270	$1,017,364	$-118,270
2022	$4,628,726	$4,907,095	$975,422	$-278,369
2021	$5,105,000	$4,673,691	$867,702	$431,309
2020	$4,510,000	$4,463,341	$243,103	$46,659
2019	$5,502,460	$5,370,363	$392,845	$132,097
2018	$5,399,954	$5,401,388	$267,576	$-1,434

DOWNTOWN BID SERVICES CORPORATION