FISHTOWN KENSINGTON AREA BUSINESS … - Form 990 Financial Data

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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

MARC COLLAZZO

Phone

2677684326

Tax Period

2023-01-01 to 2023-12-31

FISHTOWN KENSINGTON AREA BUSINESS IMPROVEMENT DISTRICT, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $884K in total revenue in fiscal year 2023.

Mission

THE FISHTOWN KENSINGTON AREA BUSINESS IMPROVEMENT DISTRICT (BID) PLANS AND FUNDS SERVICES TO IMPROVE AND PRESERVE OUR NEIGHBORHOOD. THE BID WORKS TO IMPROVE THE QUALITY OF LIFE OF OUR RESIDENTS AS WELL AS THE SUCCESS AND GROWTH OF OUR BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $203,224 Revenue: $0

CLEANING, GREENING, AND MAINTENANCE: FKABID IS RESPONSIBLE FOR CLEANING AND BEAUTIFYING THE DISTRICT AND WORKING TO IMPROVE THE GREEN ELEMENTS OF THE DISTRICT BY IMPLEMENTING PROGRAMS SUCH AS...

CLEANING, GREENING, AND MAINTENANCE: FKABID IS RESPONSIBLE FOR CLEANING AND BEAUTIFYING THE DISTRICT AND WORKING TO IMPROVE THE GREEN ELEMENTS OF THE DISTRICT BY IMPLEMENTING PROGRAMS SUCH AS SIDEWALK SWEEPING, ADDING TRASH & RECYCLING RECEPTACLES, STREET CLEANING, SIDEWALK SAFETY ENFORCEMENT, AND ADDING AND MAINTAINING GREEN ELEMENTS.

Program 2

Expenses: $184,805 Revenue: $0

ECONOMIC DEVELOPMENT AND PUBLIC SAFETY: FKABID OFFERS SUPPORT TO EXISTING BUSINESSES TO INCREASE STABILITY AND GROWTH, IMPROVE THE ECONOMIC CLIMATE OF THE DISTRICT AND EMPLOYMENT OPPORTUNITIES, AND WORK TO FIND NEW BUSINESSES. FKABID WORKS TO KEEP THE DISTRICT SAFE FOR RESIDENTS, BUSINESSES, AND VISITORS.

Program 3

Expenses: $131,982 Revenue: $0

CAPITAL IMPROVEMENTS AND PARKING: FKABID ADDRESSES REPAIRS AND IMPROVEMENTS NEEDED IN PUBLIC AREAS INCLUDING FACADES AND SIDEWALKS, WORKS TO CREATE STREETSCAPE IMPROVEMENTS AND GREENING, AND WORKS TO FIND LONG-TERM SOLUTIONS FOR ADDITIONAL PARKING FOR VEHICLES AND BICYCLES AND SAFETY ENHANCEMENTS FOR CROSSWALKS.

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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 $857,556

Program Service Revenue $1,652

Investment Income $22,718

Other Revenue $1,603

TOTAL REVENUE $883,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,377

Fundraising Expenses $0

Program Expenses $780,613

Other Expenses $698,298

TOTAL EXPENSES $932,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$883,529	$842,148	+0.0%
Expenses	$932,675	$833,838	+0.1%
Net Income	$-49,146	$8,310	-6.9%

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

$138,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH OLIVO	PRESIDENT	5.00	Officer Director	$0	$0	$0
LISA MAZZOLA	TREASURER	2.00	Officer Director	$0	$0	$0
SKIP SCHWARZMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
RAVI BAYANKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE MAYER	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN TODD	BOARD MEMBER	1.00	Director	$0	$0	$0
JANAY GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE TONUNCI	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE STOETZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT RICCIOTTI	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KIMPORT	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN TRUDE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC D COLLAZZO	EXECUTIVE DIRECTOR	40.00	Officer	$138,196	$0	$138,196

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	$883,529	$932,675	$447,163	$-49,146
2022	$842,148	$833,838	$523,350	$8,310
2021	$763,974	$581,887	$471,400	$182,087
2020	$692,896	$470,640	$352,679	$222,256

FISHTOWN KENSINGTON AREA BUSINESS IMPROVEMENT DISTRICT