MARION DOWNTOWN BUSINESS ASSOCIATION INC

EIN: 561618807

Marion, NC

Total Revenue
$216,251
Total Expenses
$206,555
Total Assets
$52,494
Net Assets
$52,494
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
Phone
8286522215
Tax Period
2023-07-01 to 2024-06-30

MARION DOWNTOWN BUSINESS ASSOCIATION INC, founded in 1988, is a small nonprofit that reported $216K in total revenue in fiscal year 2023. Expenses of $207K left a modest 4% surplus.

Mission

The Marion Business Association serves to strengthen the economic base of the community while preserving the historic character of the Downtown. To aid in development of business plans, implement business plans, business to business networking, business marketing, and workshops/seminars to build entrepreneurial ecosystem. Organize downtown promotions, festivals and events to give vitality to downtown business district. Provide business basics to new entrepreneurs. Work with property owners to improve buildings for optimal lease rates.

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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 (2023)

Revenue Breakdown

Contributions & Grants $216,251
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,030
Fundraising Expenses $0
Program Expenses $206,555
Other Expenses $51,103
TOTAL EXPENSES $206,555

Year-over-Year Comparison

2023 2022 Change
Revenue $216,251 $217,395 0.0%
Expenses $206,555 $266,802 -0.2%
Net Income $9,696 $-49,407 -1.2%
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
N/A
Independent Members
N/A
Employees
3
Volunteers
186

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
1
$0
Total Directors
11
$0
Key Employees
2
$84,629
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Freddie Killough Executive Director 32
Key Emp
$53,629 $0 $53,629
Natalie Bell Events and Outreach Coordinator 32
Key Emp
$31,000 $0 $31,000
Emily Causey Board of Director 1
Director
$0 $0 $0
Tyler Mace Board of Director 1
Director
$0 $0 $0
Emily Causey Immediate Past President 1
Director
$0 $0 $0
Lauren Mathews President 1
Director
$0 $0 $0
Walt Bagwell Vice President 1
Director
$0 $0 $0
Erin Adam Board of Directors 1
Director
$0 $0 $0
Steve Bush Board of Directors 1
Director
$0 $0 $0
Brandi Rodriguez Board of Director 1
Director
$0 $0 $0
Crystal Ledbetter Board Member 1
Director
$0 $0 $0
Cindi Snedaker Board of Directors 1
Director
$0 $0 $0
Rachel Westall Board of Director 1
Director
$0 $0 $0
Becky Poteat Tresurer 1
Officer
$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 No data No data No data No data
2024 $216,251 $206,555 $52,494 $9,696
2023 $217,395 $266,802 $42,798 $-49,407
2022 $222,987 $217,608 $26,018 $5,379
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