OLD TOWN BUSINESS AND PROFESSIONAL ASSOCIATION

EIN: 541578493

ALEXANDRIA, VA

Total Revenue
$220,296
Total Expenses
$110,921
Total Assets
$117,290
Net Assets
$117,290
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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
2007
Legal Domicile
VA
Principal Officer
TRAE LAMOND
Phone
7037393820
Tax Period
2022-01-01 to 2022-12-31

OLD TOWN BUSINESS AND PROFESSIONAL ASSOCIATION, founded in 2007, is a small nonprofit that reported $220K in total revenue in fiscal year 2022. The organization ran a surplus of $109K, a strong 50% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

OLD TOWN BUSINESS IS THE ONLY BUSINESS ASSOCIATION FOCUSED ON ADVOCACY, MARKETING AND NETWORKING FOR THE BUSINESSES LOCATED BETWEEN THE MASONIC TEMPLE AND THE WATERFRONT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $140,000
Program Service Revenue $80,296
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,810
Fundraising Expenses $0
Other Expenses $73,111
TOTAL EXPENSES $110,921

Year-over-Year Comparison

2022 2021 Change
Revenue $220,296 N/A N/A
Expenses $110,921 N/A N/A
Net Income $109,375 $0 N/A
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
5
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$37,810
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY RUTHERFORD PRESIDENT 3.00
Officer Director
$0 $0 $0
SCOTT SHAW VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
TRAE LAMOND TREASURER 6.00
Officer Director
$0 $0 $0
VICTORIA VERGASON SECRETARY 3.00
Officer Director
$0 $0 $0
CHARLOTTE HALL MANAGING DIRECTOR OF THE ORGANIZATION 40.00
Officer
$31,318 $6,492 $37,810
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
2022 $220,296 $110,921 $117,290 $109,375
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