OLD TAKOMA BUSINESS ASSOCIATION INC

EIN: 753131452 501(c)(3) Community Improvement

TAKOMA PARK, MD

Total Revenue
$341,440
Total Expenses
$270,679
Total Assets
$417,637
Net Assets
$416,945
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MD
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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
1
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
6
$101,487
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare OLD TAKOMA BUSINESS ASSOCIATION INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.