COLISEUM CENTRAL BUSINESS IMPROVEM… - Form 990 Financial Data

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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

RAYMOND TRIPP

Phone

7578266351

Tax Period

2024-07-01 to 2025-06-30

COLISEUM CENTRAL BUSINESS IMPROVEMENT DISTRICT INC, founded in 1996, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024.

Mission

TO PROMOTE, DEVELOP AND MARKET THE ECONOMIC DEVELOPMENT OF THE COLISEUM CENTRAL BUSINESS IMPROVEMENT DISTRICT WITHIN THE CITY OF HAMPTON, VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $560,086

IMAGE DEVELOPMENT - MAINTAIN A HIGH LEVEL OF SECURITY, SAFETY AND CLEANLINESS WITHIN THE DISTRICT, AND ENGAGE IN PUBLIC INFORMATION INITIATIVES TO COMMUNICATE THE FACT THAT THE DISTRICT IS A CLEAN...

IMAGE DEVELOPMENT - MAINTAIN A HIGH LEVEL OF SECURITY, SAFETY AND CLEANLINESS WITHIN THE DISTRICT, AND ENGAGE IN PUBLIC INFORMATION INITIATIVES TO COMMUNICATE THE FACT THAT THE DISTRICT IS A CLEAN, SAFE AND PLEASANT PLACE TO WORK, SHOP AND PLAY. WORK TO PROMOTE THE BEAUTIFICATION AND PHYSICAL ENHANCEMENT OF BOTH THE PUBLIC SPACES AND THE PRIVATELY OWNED BUILDINGS AND SPACES WITHIN THE DISTRICT.

Program 2

Expenses: $609,600

CUSTOMER ATTRACTION - ACTIVELY MARKET TO POTENTIAL CUSTOMERS OF THE DISTRICT BUSINESSES. PROMOTE, SUPPORT, SPONSOR AND STAGE FAMILY EVENTS TO ATTRACT CUSTOMERS TO THE DISTRICT. MAINTAIN A...

CUSTOMER ATTRACTION - ACTIVELY MARKET TO POTENTIAL CUSTOMERS OF THE DISTRICT BUSINESSES. PROMOTE, SUPPORT, SPONSOR AND STAGE FAMILY EVENTS TO ATTRACT CUSTOMERS TO THE DISTRICT. MAINTAIN A COMMUNICATION LINK WITH THE VIRGINIA DEPARTMENT OF TRANSPORTATION TO KEEP BUSINESSES AWARE OF IMPENDING CONSTRUCTION SO IT DOES NOT HAVE HAVE AN ADVERSE EFFECT ON THE BUSINESSES IN THE DISTRICT.

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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 $1,436,632

Program Service Revenue $0

Investment Income $19,463

Other Revenue $0

TOTAL REVENUE $1,456,095

Expense Breakdown

Grants Paid $38,000

Salaries & Benefits $451,397

Fundraising Expenses $0

Program Expenses $1,169,686

Other Expenses $948,613

TOTAL EXPENSES $1,438,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,456,095	$1,371,364	+0.1%
Expenses	$1,438,010	$1,431,696	+0.0%
Net Income	$18,085	$-60,332	-1.3%

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

$166,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND TRIPP	EXE DIRECTOR	40.00	Officer	$166,919	$0	$166,919
EBONI COUNCIL	DEPUTY EXE D	40.00	Highest	$142,058	$0	$142,058
BRADFORD T BROWN	DIRECTOR	0.50	Director	$0	$0	$0
RANDOLPH BRYANT	DIRECTOR	0.25	Director	$0	$0	$0
SONYA DANIELS	DIRECTOR	0.15	Director	$0	$0	$0
BRIAN DEPROFIO	PROXY FOR BU	0.50	Director	$0	$0	$0
MICHAEL EDMONDS	DIRECTOR	0.25	Director	$0	$0	$0
DONNA FRAZIER	DIRECTOR	0.10	Director	$0	$0	$0
MARY HARPER	DIRECTOR	0.25	Director	$0	$0	$0
ERICA HARRELL	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA HOLT	DIRECTOR	0.10	Director	$0	$0	$0
AKHIL JAIN	DIRECTOR	0.10	Director	$0	$0	$0
ELIZABETH JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
DR ALLEN JONES	DIRECTOR	0.10	Director	$0	$0	$0
JERRY KELLAM	DIRECTOR	0.25	Director	$0	$0	$0
DRENNA LOVE	DIRECTOR	0.50	Director	$0	$0	$0
DONNA MELAND	DIRECTOR	0.25	Director	$0	$0	$0
PEYTON MILLINOR	DIRECTOR	0.25	Director	$0	$0	$0
KAREN ORIE	DIRECTOR	0.50	Director	$0	$0	$0
PAM PARRISH	DIRECTOR	0.25	Director	$0	$0	$0
DEE RICHARDSON	DIRECTOR	0.25	Director	$0	$0	$0
ANDY RUCKMAN	DIRECTOR	0.10	Director	$0	$0	$0
PHILIP SCOTTI	DIRECTOR	0.25	Director	$0	$0	$0
ZAFFAR TABANI	DIRECTOR	0.00	Director	$0	$0	$0
MARCELLUS BOO WILLIAMS	DIRECTOR	0.10	Director	$0	$0	$0
CORBIN VAN RIPER	DIRECTOR	0.50	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
2025	$1,456,095	$1,438,010	$1,332,883	$18,085
2024	$1,371,364	$1,431,696	$1,359,212	$-60,332
2023	$1,445,943	$1,408,460	$1,528,467	$37,483
2022	$1,394,279	$1,267,958	$1,199,924	$126,321
2021	$1,358,139	$1,107,721	$1,068,570	$250,418
2020	$1,220,005	$1,221,566	$809,098	$-1,561
2019	$1,170,398	$1,295,695	$805,071	$-125,297
2018	$1,160,095	$1,423,752	$963,985	$-263,657

COLISEUM CENTRAL BUSINESS IMPROVEMENT DISTRICT INC