THE BLVD ASSOCIATION

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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

1988

Legal Domicile

Principal Officer

NICOLE JONES

Phone

6614357930

Tax Period

2023-01-01 to 2023-12-31

THE BLVD ASSOCIATION, founded in 1988, is a small nonprofit that reported $461K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO NBSP;PROMOTE NBSP;COORDINATE NBSP;AND NBSP;INFLUENCE NBSP;THE NBSP;CONTINUING NBSP;VITALITY NBSP;OF NBSP;DOWNTOWN NBSP;LANCASTER NBSP;AS NBSP;A NBSP;SAFE NBSP;AND NBSP;FRIENDLY NBSP;CENTER NBSP;FOR NBSP;BUSINESS NBSP;COMMUNITY NBSP;AND NBSP;CULTURAL NBSP;LIFE NBSP;IN NBSP;THE NBSP;ANTELOPE NBSP;VALLEY

Program Service Accomplishments

Program 1

IN THE CURRENT YEAR THE BLVD ASSOCIATION CONTINUED TO HELP PROMOTE DOWNTOWN LANCASTER BOULEVARD BUSINESSES BY PROMOTING BLVD BUSINESS THROUGH ADVERTISING IN LOCAL PUBLICATIONS AND BY PARTICIPATING IN...

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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 $432,252

Program Service Revenue $28,548

Investment Income $691

Other Revenue $0

TOTAL REVENUE $461,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $483,250

TOTAL EXPENSES $483,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,491	$392,371	+0.2%
Expenses	$483,250	$468,644	+0.0%
Net Income	$-21,759	$-76,273	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE JONES	EXECUTIVE DIRECTOR	001.00	Officer Director	$0	$0	$0
ARTZRUN MINASYAN	PRESIDENT	001.00	Officer Director	$0	$0	$0
MYRLE MCLERNON	PAST PRESIDENT	001.00	Director	$0	$0	$0
MARK HEMSTREET	TREASURER	001.00	Officer Director	$0	$0	$0
CHENIN DOW	SECRETARY	001.00	Officer Director	$0	$0	$0
CORY HEIMLICH	DIRECTOR	001.00	Director	$0	$0	$0
LUCY MKRTCHIAN	DIRECTOR	001.00	Director	$0	$0	$0
VALERIE ORCUTT	DIRECTOR	001.00	Director	$0	$0	$0
MIKE REECE	DIRECTOR	001.00	Director	$0	$0	$0
DEVONTE THOMAS	DIRECTOR	001.00	Director	$0	$0	$0
JAMI SUMMERS	DIRECTOR	001.00	Director	$0	$0	$0
REINA SANTA PADILLA	DIRECTOR	001.00	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	No data	No data	No data	No data
2023	$461,491	$483,250	$166,084	$-21,759
2022	$392,371	$468,644	$188,092	$-76,273
2021	$347,225	$372,761	$279,094	$-25,536
2020	$478,779	$406,762	$303,957	$72,017
2019	$249,764	$344,138	$228,820	$-94,374
2018	$515,877	$219,062	$344,307	$296,815