Fulton Avenue Improvement Associat… - 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

1997

Legal Domicile

Principal Officer

Melinda Eppler

Phone

9169781288

Tax Period

2023-01-01 to 2023-12-31

Fulton Avenue Improvement Association, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $516K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $600K exceeded revenue, resulting in a 16% operating deficit.

Mission

Developed by a coalition of property and business owners, the Fulton Avenue Improvement Association is a Benefit Assessment District formed to improve the commercial area of Fulton Avenue in Sacramento, California. The District manages a landscape and street scape improvement plan, an economic development program, a security program, and provides marketing and promotion services. Additionally, the Association provides business interest advocacy services above and beyond those currently provided by the County of Sacramento. This approach has been used successfully in other commercial areas throughout the country to improve business image, attract new customers and increase property values.The Association's goal is to improve and distinguish Fulton Avenue as one of the most attractive areas in the greater Sacramento region. The Association is funded through direct levies (Fulton Avenue Improvement Association) on real estate property tax bills for businesses located in the district. Fund

Program Service Accomplishments

Program 1

The Association is a direct levy entity created under the authority of the Property and Business Improvement District Law of 1994 (Streets and Highways code 36600). Direct levies are added to secured property tax bills and collected by Sacramento County. These funds are then remitted to the Association for the benefit of the Direct Levy District.

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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 $100,000

Program Service Revenue $415,515

Investment Income $145

Other Revenue $0

TOTAL REVENUE $515,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,011

Fundraising Expenses $0

Other Expenses $475,251

TOTAL EXPENSES $600,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,660	$424,679	+0.2%
Expenses	$600,262	$490,684	+0.2%
Net Income	$-84,602	$-66,005	+0.3%

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

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

$102,500

Total Directors