Wilshire Center Business Improveme… - Form 990 Financial Data

🔒

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

1994

Legal Domicile

Principal Officer

MICHAEL HAKIM

Phone

2134877003

Tax Period

2024-01-01 to 2024-12-31

Wilshire Center Business Improvement Corp, founded in 1994, is a small nonprofit that reported $734K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 24% operating margin.

Mission

TO IMPROVE THE GENERAL BUSINESS CLIMATE AND THE ECONOMIC INTERESTS OF BUSINESSES THAT ARE LOCATED IN THE WILSHIRE CENTER AREA OF LOS ANGELES, CALIFORNIA

Program Service Accomplishments

Program 1

Expenses: $471,655 Revenue: $732,551

TO IMPROVE THE GENERAL BUSINESS CLIMATE AND THE ECONOMIC INTERESTS OF BUSINESSES THAT ARE LOCATED IN THE WILSHIRE CENTER AREA OF LOS ANGELES, CALIFORNIA

🔒

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 $0

Program Service Revenue $732,551

Investment Income $1,528

Other Revenue $0

TOTAL REVENUE $734,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $471,655

Other Expenses $555,363

TOTAL EXPENSES $555,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$734,079	$554,551	+0.3%
Expenses	$555,363	$550,242	+0.0%
Net Income	$178,716	$4,309	+40.5%

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

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
MICHAEL HAKIM	PRESIDENT & CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
MIKE SAREBANHA	SECRETARY	1.00	Officer Director	$0	$0	$0
JIMMY HAN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL RUSSELL	EXECUTIVE DIRECTOR	30.00	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	$734,079	$555,363	$306,763	$178,716
2023	$554,551	$550,242	$127,284	$4,309
2022	$647,903	$592,135	$122,699	$55,768
2021	$696,354	$741,995	$68,350	$-45,641
2020	$718,701	$817,670	$98,379	$-98,969
2019	$713,580	$752,105	$208,245	$-38,525
2018	$550,452	$550,131	$245,674	$321

Wilshire Center Business Improvement Corp