PIKE DISTRICT PARTNERSHIP INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

MATTHEW HERRMANN

Phone

7033465477

Tax Period

2024-01-01 to 2024-12-31

PIKE DISTRICT PARTNERSHIP INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $333K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 16% operating margin.

Mission

PRIMARY EXEMPT PURPOSE - THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF (A) PROMOTING AND ASSISTING IN THE ECONOMIC DEVELOPMENT OF THE NORTH BETHESDA AREA OF MONTGOMERY COUNTY, MARYLAND, CONSISTENT WITH THE GOALS OF THE WHITE FLINT SECTOR PLAN, (B) OPERATING FOR THE BENEFIT OF MONTGOMERY COUNTY, MARYLAND AND THE MEMBERS OF THE CORPORATION, AND (C) ENGAGING IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE GENERAL CORPORATION LAW AND AS PERMITTED BY THE BYLAWS AS AS AMENDED FROM TIME TO TIME.

Program Service Accomplishments

Program 1

Expenses: $195,461

GRANT FUNDS USED TO DIRECTLY SUPPORT THE MARKETING, PLACEMAKING, AND ADVANCEMENT OF NORTHERN BETHESDA, MARYLAND. THE FUNDING IS USED TO SPECIFICALLY HELP TO CONTINUE THE ADVANCEMENT OF ECONOMIC...

GRANT FUNDS USED TO DIRECTLY SUPPORT THE MARKETING, PLACEMAKING, AND ADVANCEMENT OF NORTHERN BETHESDA, MARYLAND. THE FUNDING IS USED TO SPECIFICALLY HELP TO CONTINUE THE ADVANCEMENT OF ECONOMIC DEVELOPMENT GOALS FOR THE AREA AS WELL AS ADVOCATING FOR INFRANSTRUCTURE TO SUPPORT THE ECONOMIC GROWTH OF NORTH BETHESDA.

Program 2

Expenses: $84,938

GRANT FUNDS ARE USED TO SUPPORT LOCAL BUSINESSES IN THE NORTHERN BETHESDA, MARYLAND REGION TO WORK WITH THE NAVY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $332,944

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $332,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,000

Fundraising Expenses $0

Program Expenses $280,399

Other Expenses $190,399

TOTAL EXPENSES $280,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,944	$180,000	+0.8%
Expenses	$280,399	$183,349	+0.5%
Net Income	$52,545	$-3,349	-16.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$90,000

Total Directors