FONDREN BUSINESS IMPROVEMENT DISTRICT INC (EIN 843085419) - 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

2019

Legal Domicile

Principal Officer

RON ALDRIDGE

Phone

9168125678

Tax Period

2023-10-01 to 2024-09-30

FONDREN BUSINESS IMPROVEMENT DISTRICT INC, founded in 2019, is a small nonprofit that reported $283K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION PROMOTES THE COMMON BUSINESS INTERESTS OF BUSINESSES LOCATED IN THE BID AREA AND INITIATES, PROMOTES AND SUPPORTS OPPORTUNITIES AND PROGRAMS THAT ENCOURAGE AND ENHANCE ECONOMIC AND BUSINESS DEVELOPMENT.

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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 $0

Program Service Revenue $272,378

Investment Income $10,340

Other Revenue $0

TOTAL REVENUE $282,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $258,801

Other Expenses $276,784

TOTAL EXPENSES $276,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,718	$537,893	-0.5%
Expenses	$276,784	$282,020	0.0%
Net Income	$5,934	$255,873	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON ALDRIDGE	CHAIR	N/A	Officer Director	$0	$0	$0
YOSEPH ALI	BOARD MEMBER	N/A	Director	$0	$0	$0
RON CHANE	BOARD MEMBER	N/A	Director	$0	$0	$0
MARTY CLAPTON	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICK HARKINS	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
ALAN LANGE	BOARD MEMBER	N/A	Director	$0	$0	$0
EDDIE PROSSER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JASON WATKINS	BOARD MEMBER	N/A	Director	$0	$0	$0
AMANDA WELLS	BOARD MEMBER	N/A	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	$282,718	$276,784	$253,345	$5,934
2023	$537,893	$282,020	$306,578	$255,873
2022	$250,588	$263,042	$54,234	$-12,454
2021	$195,667	$230,372	$66,917	$-34,705
2020	$201,781	$98,659	$101,622	$103,122

FONDREN BUSINESS IMPROVEMENT DISTRICT INC