Spokane Independent Metro Business Alliance (EIN 824824582) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Phone

5098793869

Tax Period

2024-01-01 to 2024-12-31

Spokane Independent Metro Business Alliance, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $315K in total revenue in fiscal year 2024. Expenses of $407K exceeded revenue, resulting in a 29% operating deficit.

Mission

SIMBA is a 501(c)(3) non-profit creating a strong, locally-focused economy in Spokane and Eastern Washington through organizing, education, direct support, and advocacy to entrepreneurs, small business owners, and consumers.

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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 $297,639

Program Service Revenue $14,702

Investment Income $3,128

Other Revenue $0

TOTAL REVENUE $315,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,103

Fundraising Expenses $2,905

Program Expenses $340,315

Other Expenses $161,693

TOTAL EXPENSES $406,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,469	N/A	N/A
Expenses	$406,796	N/A	N/A
Net Income	$-91,327	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robin Haynes	Executive Director	45.00		$82,176	$0	$82,176
Juan Mas	President	2.88	Director	$0	$0	$0
Chrystal Gonzalez	Vice President	1.15	Director	$0	$0	$0
Kathy Thamm	Secretary	1.35	Director	$0	$0	$0
Edward Reese	Chairman	1.00	Director	$0	$0	$0
Jeff Ferguson	Treasurer	1.00	Director	$0	$0	$0
David Borrelli	Chairman	1.00	Director	$0	$0	$0
Joshua Thomas	Chairman	1.15	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	$315,469	$406,796	$56,778	$-91,327

Spokane Independent Metro Business Alliance