Civic Intelligence

Solomons Business Association Inc

EIN 52-1993093 • 501(c)4 • Solomons, MD

Profile

To encourage community involvement.

PO Box 724Solomons, MD 20688

www.solomonsmaryland.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.20x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.01x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

41st percentile

-2.3%

Higher net margin than 41% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

12th percentile

-59%

Faster asset growth than 12% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

54th percentile

2.2%

Faster revenue growth than 54% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$4,551

Down $22,349 (-83%) from 2022

Liabilities

Down

$924

Down $24,000 (-96%) from 2022

Net Assets

Up

$3,627

Up $1,651 (+84%) from 2022

Operations
Liabilities / Revenue68th percentileNet Margin41st percentile

Revenue

Up

$61,980

Up $2,696 (+4.5%) from 2022

Expenses

Down

$63,407

Down $5,499 (-8.0%) from 2022

Net Income

Up

-$1,427

Up $8,195 (+85%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2011: $24,881Liabilities 2011: $02011Assets 2012: $35,811Liabilities 2012: $0Net Assets 2012: $35,8112012Assets 2013: $36,319Net Assets 2013: $36,3192013Assets 2014: $37,775Liabilities 2014: $02014Assets 2015: $31,222Liabilities 2015: $02015Assets 2016: $28,566Liabilities 2016: $02016Assets 2017: $15,998Net Assets 2017: $15,9982017Assets 2018: $10,271Net Assets 2018: $10,2712018Assets 2019: $19,523Net Assets 2019: $19,5232019Assets 2020: $19,934Net Assets 2020: $19,9342020Assets 2021: $38,648Liabilities 2021: $27,050Net Assets 2021: $11,5982021Assets 2022: $26,900Liabilities 2022: $24,924Net Assets 2022: $1,9762022Assets 2024: $4,551Liabilities 2024: $924Net Assets 2024: $3,6272024

Highlighted filing

2024

Assets$4,551
Liabilities$924
Net Assets$3,627
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $41,080Expenses 2011: $32,770Net Income 2011: $8,3102011Revenue 2012: $62,562Expenses 2012: $51,632Net Income 2012: $10,9302012Revenue 2013: $40,073Expenses 2013: $39,565Net Income 2013: $5082013Revenue 2014: $70,987Expenses 2014: $69,531Net Income 2014: $1,4562014Revenue 2015: $55,156Expenses 2015: $61,709Net Income 2015: -$6,5532015Revenue 2016: $51,290Expenses 2016: $53,946Net Income 2016: -$2,6562016Revenue 2017: $49,768Expenses 2017: $62,336Net Income 2017: -$12,5682017Revenue 2018: $43,564Expenses 2018: $49,291Net Income 2018: -$5,7272018Revenue 2019: $56,411Expenses 2019: $47,159Net Income 2019: $9,2522019Revenue 2020: $23,260Expenses 2020: $22,849Net Income 2020: $4112020Revenue 2021: $57,084Expenses 2021: $65,420Net Income 2021: -$8,3362021Revenue 2022: $59,284Expenses 2022: $68,906Net Income 2022: -$9,6222022Revenue 2024: $61,980Expenses 2024: $63,407Net Income 2024: -$1,4272024

Highlighted filing

2024

Revenue$61,980
Expenses$63,407
Net Income-$1,427
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,551
Liabilities
$924
Net assets
$3,627
Revenue
$61,980
Expenses
$63,407
Net income
-$1,427
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.55$0.92$3.63$62.0$63.4$1.43
2022Detailed filing. Detailed filing data is available for this year.$26.9$24.9$1.98$59.3$68.9$9.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$27.1$11.6$57.1$65.4$8.34
2020Detailed filing. Detailed filing data is available for this year.$19.9$19.9$23.3$22.8$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.5$19.5$56.4$47.2$9.25
2018Detailed filing. Detailed filing data is available for this year.$10.3$10.3$43.6$49.3$5.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$16.0$49.8$62.3$12.6
2016Summary only. Only limited summary data is available for this year.$28.6$0.00$51.3$53.9$2.66
2015Summary only. Only limited summary data is available for this year.$31.2$0.00$55.2$61.7$6.55
2014Summary only. Only limited summary data is available for this year.$37.8$0.00$71.0$69.5$1.46
2013Detailed filing. Detailed filing data is available for this year.$36.3$36.3$40.1$39.6$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.8$0.00$35.8$62.6$51.6$10.9
2011Summary only. Only limited summary data is available for this year.$24.9$0.00$41.1$32.8$8.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 3, 2025
Return Version
2024v5.0
Gross Receipts
$61,980
Mission and Program Overview

Mission

To encourage community involvement.

To encourage community involvement

Program Services

DescriptionGrantsExpenses
JULY 4TH FIREWORKS DISPLAY- TO PROVIDE THE PUBLIC WITH COMMUNITY ENTERTAINMENT, INTERACTION, AND FELLOWSHIP-$49,928
SOLOMONS CHRISTMAS WALK- TO PROVIDE THE PUBLIC WITH ENJOYMENT OF HOLIDAY LIGHTS, DECORATIONS, AND ENTERTAINMENT AND TO ENCOURAGE COMMUNITY ACTIVITY AND SOCIALIZATION.-$6,300
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
VANDY YOUNGPresident/Tr-$0--
BRANDI MALONEYVice Preside-$0--
CARMEN NANCE GAMBRILLMember-$0--
GWYN NOVAKMember-$0--
NORMAN STAFFORDMember-$0--
RACHELE GREENMember-$0--
LAUREN SIMPSONMember-$0--
VINCENT DIGIORGIOMember-$0--
MATT GAMBRILLMember-$0--
Filing and Contact Details

Filer

Filer Name
The Solomons Business
EIN
52-1993093
Phone
4103941500
Address
PO BOX 724, SOLOMONS, MD 20688

Signing Officer

Name
Vandy Young
Title
President/treasurer
Phone
4103941500
Signed
2025-07-03
Discuss with paid preparer
Yes

Preparer

Firm
Jbs & Company LLC
Address
101 LOG CANOE CIR STE D, STEVENSVILLE, MD 21666
Preparer
Derek D Hobbs CPA
Phone
4109566902
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses information technology 250 insurance 2,036 dues and subscriptions 1,025 storage unit rental 2,750 merchant deposit fees 5 firework display expense 49,928 christmas event decor 6,300 total 62,294”

Form 990-ez, Part II, Line 26

“Firework funding 19,924 924”

Raw XML Appendix125 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0VANDY YOUNG
IRS990EZ/BooksInCareOfDetail/PhoneNum04103941500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0684 RUXTON ROAD 201
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DOWELL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020629
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt024978
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt04551
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt050203
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1427
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0931
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt024978
IRS990EZ/Form990TotalAssetsGrp/EOYAmt04551
IRS990EZ/GrossReceiptsAmt061980
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05054
IRS990EZ/NetAssetsOrFundBalancesEOYAmt03627
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05054
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03627
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0VANDY YOUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BRANDI MALONEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CARMEN NANCE GAMBRILL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GWYN NOVAK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4NORMAN STAFFORD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RACHELE GREEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6LAUREN SIMPSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7VINCENT DIGIORGIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MATT GAMBRILL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt062294
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENCOURAGE COMMUNITY INVOLVEMENT
IRS990EZ/PrintingPublicationsPostageAmt0182
IRS990EZ/ProgramServiceRevenueAmt011777
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0JULY 4TH FIREWORKS DISPLAY- TO PROVIDE THE PUBLIC WITH COMMUNITY ENTERTAINMENT, INTERACTION, AND FELLOWSHIP
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SOLOMONS CHRISTMAS WALK- TO PROVIDE THE PUBLIC WITH ENJOYMENT OF HOLIDAY LIGHTS, DECORATIONS, AND ENTERTAINMENT AND TO ENCOURAGE COMMUNITY ACTIVITY AND SOCIALIZATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt049928
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt16300
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt019924
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0924
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt063407
IRS990EZ/TotalProgramServiceExpensesAmt056228
IRS990EZ/TotalRevenueAmt061980
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SOLOMONSMARYLAND.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INFORMATION TECHNOLOGY 250 INSURANCE 2,036 DUES AND SUBSCRIPTIONS 1,025 STORAGE UNIT RENTAL 2,750 MERCHANT DEPOSIT FEES 5 FIREWORK DISPLAY EXPENSE 49,928 CHRISTMAS EVENT DECOR 6,300 TOTAL 62,294
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FIREWORK FUNDING 19,924 924
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VANDY YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04103941500
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SOLOMONS BUSINESS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOLO
ReturnHeader/Filer/EIN0521993093
ReturnHeader/Filer/PhoneNum04103941500
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 724
ReturnHeader/Filer/USAddress/CityNm0SOLOMONS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020688
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274032675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JBS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 LOG CANOE CIR STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STEVENSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021666
ReturnHeader/PreparerPersonGrp/PhoneNum04109566902
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEREK D HOBBS CPA
ReturnHeader/ReturnTs02025-07-09T11:42:39-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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