State Business Executives

EIN: 854035633 Community Improvement

Springfield, VA

Total Revenue
$250,000
Total Expenses
$352,208
Total Assets
$172,357
Net Assets
$172,357
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Phone
7206284787
Tax Period
2024-01-01 to 2024-12-31

State Business Executives, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $332K in total revenue in fiscal year 2023. Revenue surged 334% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 39% operating margin.

Mission

Multi-sector, multi-state voice of business advocating on 5 key policies pillars.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $327,465
Fundraising Expenses $0
Program Expenses $327,465
Other Expenses $24,743
TOTAL EXPENSES $352,208

Year-over-Year Comparison

2024 2023 Change
Revenue $250,000 $332,366 -0.2%
Expenses $352,208 $201,576 +0.7%
Net Income $-102,208 $130,790 -1.8%
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

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Governance

Voting Members
14
Independent Members
13
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
1
$121,500
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Wasden President & CEO 40.00
Officer
$121,500 $0 $121,500
Justin Yancy Chairman 1.00
Director
$0 $0 $0
Peter Guzman Chairman 1.00
Director
$0 $0 $0
Becky Hultberg Treasurer 1.00
Director
$0 $0 $0
Frannie Matthews Director 1.00
Director
$0 $0 $0
Pat Fong Kushida Director 1.00
Director
$0 $0 $0
Phil Bashaw Director 1.00
Director
$0 $0 $0
Charles DeBow Director 1.00
Director
$0 $0 $0
Brewster Bevis Director 1.00
Director
$0 $0 $0
Pat Sheehy Director 1.00
Director
$0 $0 $0
James Wilson Director 1.00
Director
$0 $0 $0
Kim Gregorie Boad Director 1.00
Director
$0 $0 $0
Kiersten Barnet Director 1.00
Director
$0 $0 $0
Tom Giordano Director 0.00
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 $250,000 $352,208 $172,357 $-102,208
2023 $332,366 $201,576 $274,565 $130,790
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