Springfield Business Improvement

Community development organization based in Springfield, MA. 4 employees. Exempt under §501(c)(6).

MissionPromote development of business and economic activity within the business improvement district in springfield, massachusetts.

EIN
04-3428312
State
MA
Sector
Community development
Budget band
$1M–$2.5M
Latest filing
TY 2023
Records
1 officers · 2 years

Financial snapshot · TY 2023

$1.4M
Total revenue
$1.1M
Total expenses
$2.3M
Net assets

Financial health · TY 2023

57
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
23.7 months of expenses
Program efficiency
0
Program expenses as % of total
Revenue diversity
83
Mix of program fees, grants & contributions

Leadership compensation

Michelle Grout
Executive Dir.
$100,468
11th percentile vs. peers

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Springfield Business Improvement Executive Compensation | 990 Data | DoubleNine