OLD TAKOMA BUSINESS ASSOCIATION INC

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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

2003

Legal Domicile

Principal Officer

CAROLINA MCCANDLESS

Phone

3018916789

Tax Period

2023-01-01 to 2023-12-31

OLD TAKOMA BUSINESS ASSOCIATION INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2023. The organization ran a surplus of $71K, a strong 21% operating margin.

Mission

BRING TOGETHER BUSINESSES, RESIDENTS, AND COMMUNITY ORGANIZATIONS TO BUILD AND SUSTAIN A VIBRANT COMMERICAL DISTRICT AND PRESERVE THE NEIGHBORHOOD'S RICH HISTORY. THIS INCLUDES UTILIZING THE MARYLAND STATE MAINSTREET PROGRAM, AND IT WORKS WITH ISSUES ESSENTIAL TO INDEPENDENTLY-OWNED LOCAL BUSINESSES AND TO A THRIVING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $219,866

LESSENING THE BURDENS OF THE CITY OF TAKOMA PARK, MD AND WASHINGTON, D.C. BY ADMINISTERING TAKOMA PARK'S MAIN STREET MARYLAND PROGRAM AND FURTHERING THE PURPOSE OF THAT PROGRAM BY WORKING WITH...

LESSENING THE BURDENS OF THE CITY OF TAKOMA PARK, MD AND WASHINGTON, D.C. BY ADMINISTERING TAKOMA PARK'S MAIN STREET MARYLAND PROGRAM AND FURTHERING THE PURPOSE OF THAT PROGRAM BY WORKING WITH RESIDENTS, COMMUNITY ORGANIZATIONS, AND BUSINESSES TO IMPROVE THE ECONOMY, APPEARANCE, AND IMAGE OF THE HISTORICAL DOWNTOWN COMMERCIAL AND CULTURAL DISTRICT IN TAKOMA PARK, MD AND THE TAKOMA NEIGHBORHOOD IN WASHINGTON, D.C. THROUGH CULTURAL EVENTS, BEAUTIFICATION, AND SUPPORT TO SMALL, LOCAL 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 $242,807

Program Service Revenue $95,712

Investment Income $2,921

Other Revenue $0

TOTAL REVENUE $341,440

Expense Breakdown

Grants Paid $60,420

Salaries & Benefits $109,051

Fundraising Expenses $5,452

Program Expenses $219,866

Other Expenses $101,208

TOTAL EXPENSES $270,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,440	$345,160	0.0%
Expenses	$270,679	$311,921	-0.1%
Net Income	$70,761	$33,239	+1.1%

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

$101,487

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BARCLAY	EXECUTIVE DI	40.00	Officer	$97,531	$3,956	$101,487
DAVID BOYD	AT LARGE MEM	0.50	Director	$0	$0	$0
ROCCO CASAGRANDE	AT LARGE MEM	0.50	Director	$0	$0	$0
CARTER DOUGHERTY	AT LARGE MEM	0.50	Director	$0	$0	$0
SARA HAYDEN	AT LARGE MEM	0.50	Director	$0	$0	$0
MIKE HOUSTON	AT LARGE MEM	0.50	Director	$0	$0	$0
ETHAN LANDIS	SECRETARY	0.50	Officer Director	$0	$0	$0
BRUCE LEVIN	AT LARGE MEM	0.50	Director	$0	$0	$0
MATTHEW LYONS	AT LARGE MEM	0.50	Officer Director	$0	$0	$0
CAROLINA MCCANDLESS	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERIN PALMER	AT LARGE MEM	0.50	Director	$0	$0	$0
IAN PALMIERO	AT LARGE MEM	0.50	Director	$0	$0	$0
PRESTON QUESENBERRY	TREASURER	0.50	Officer Director	$0	$0	$0
ZOE STERN	CHAIRPERSON	0.50	Director	$0	$0	$0
ELIZABETH THOMPSON	AT LARGE MEM	0.50	Director	$0	$0	$0
JEFF TRUNZO	VICE PRESIDE	0.50	Officer 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	No data	No data	No data	No data
2023	$341,440	$270,679	$417,637	$70,761
2022	$345,160	$311,921	$369,479	$33,239
2021	$497,691	$461,485	$322,569	$36,206
2019	$189,727	$198,331	$253,234	$-8,604
2018	$272,407	$216,709	$259,288	$55,698