HUDSON DOWNTOWN BUSINESS IMPROVEMENT DISTRICT INC (EIN 823849965) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

CHARLES H RANDALL

Phone

9783331602

Tax Period

2024-01-01 to 2024-12-31

HUDSON DOWNTOWN BUSINESS IMPROVEMENT DISTRICT INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO INITIATE, MANAGE AND FINANCE SUPPLEMENTAL SERVICES IN THE DOWNTOWN DISTRICT OF THE TOWN OF HUDSON, MASSACHUSETTS FOR THE BENEFIT OF EVERYONE WHO LIVES, WORKS OR VISITS THE DOWNTOWN AREA.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,290

Program Service Revenue $202,323

Investment Income $192

Other Revenue $0

TOTAL REVENUE $210,805

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $57,420

Fundraising Expenses $0

Program Expenses $150,481

Other Expenses $139,537

TOTAL EXPENSES $217,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,805	$164,927	+0.3%
Expenses	$217,136	$210,561	+0.0%
Net Income	$-6,331	$-45,634	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR P REDDING	PRESIDENT	8.00	Officer Director	$0	$0	$0
CHARLES H RANDALL	TREASURER	8.00	Officer Director	$0	$0	$0
MAE ZAGAMI	CLERK	8.00	Officer Director	$0	$0	$0
KARIM EL GAMAL	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
MICHAEL D MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
BARTHOLOMEW H MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DESMOND	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ROSS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KASSERIS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DUPLISEA	DIRECTOR	1.00	Director	$0	$0	$0
BRANCH YULES	CLERK	1.00	Director	$0	$0	$0
CYNTHIA JANEIRO-EHLKE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FOSSILE	DIRECTOR	1.00	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	$210,805	$217,136	$135,839	$-6,331
2023	$164,927	$210,561	$173,948	$-45,634
2022	$178,052	$156,053	$185,437	$21,999
2021	$176,657	$155,574	$162,290	$21,083
2020	$134,856	$95,901	$148,440	$38,955
2019	$165,654	$118,668	$102,562	$46,986
2018	$136,708	$89,918	$54,277	$46,790

HUDSON DOWNTOWN BUSINESS IMPROVEMENT DISTRICT INC