State Business Executives

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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

2020

Legal Domicile

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 $250K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $352K exceeded revenue, resulting in a 41% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $327,465

SBE secured another large immigration grant to do regional work in seven (7) states in the west. SBE renewed it's partnership with WGU SBE launched an incredibly successful education and workforce...

SBE secured another large immigration grant to do regional work in seven (7) states in the west. SBE renewed it's partnership with WGU SBE launched an incredibly successful education and workforce webinar series SBE advocated with other business leaders and organizations on behalf of several legislative priorities- USGLC funding for State, immigration, workforce pell, higher education. SBE increased its outreach, social media, started an SBE newsletter, and attended as well as spoke at several conferences. SBE advocated on behalf of Building Civic Bridges Act SBE had its first Board Chair transition and new Executive Committee

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$121,500

Total Directors

Key Employees

Highest Compensated

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