Spokane Area Business Foundation (EIN 911896341) - 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

1996

Legal Domicile

Principal Officer

Alisha Benson

Phone

5096241393

Tax Period

2024-01-01 to 2024-12-31

Spokane Area Business Foundation, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $79K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $277K exceeded revenue, resulting in a 249% operating deficit.

Mission

To enhance the quality of life in Greater Spokane by fostering education, civic leadership, cultural diversity, and economic resilience.

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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 $60,477

Program Service Revenue $0

Investment Income $18,879

Other Revenue $0

TOTAL REVENUE $79,356

Expense Breakdown

Grants Paid $165,640

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $253,002

Other Expenses $110,948

TOTAL EXPENSES $276,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,356	$680,248	-0.9%
Expenses	$276,588	$97,507	+1.8%
Net Income	$-197,232	$582,741	-1.3%

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

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

$254,684

Total Directors

$254,684

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alisha Benson	CEO & Director	1.00	Officer Director	$0	$27,509	$254,684
Stacey Cowles	Chair	1.00	Officer Director	$0	$0	$0
Charlotte Nemec	Chair-elect	1.00	Officer Director	$0	$0	$0
Dan Demchuk	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Carla Cicero	Past Chair	1.00	Officer Director	$0	$0	$0
William Symmes	General Counsel	1.00	Officer 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	$79,356	$276,588	$1,179,208	$-197,232
2023	$680,248	$97,507	$843,025	$582,741
2022	$272,835	$69,804	$583,779	$203,031
2021	$60,794	$51,106	$385,546	$9,688
2020	$92,911	$81,414	$352,820	$11,497
2019	$125,567	$53,315	$367,628	$72,252
2018	$138,526	$153,017	$390,251	$-14,491

Spokane Area Business Foundation