McKinney Downtown Business Re-Development Corp (EIN 043615798) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

Andrew Jones

Phone

9725472662

Tax Period

2023-10-01 to 2024-09-30

McKinney Downtown Business Re-Development Corp, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 5% surplus.

Mission

OUR MISSION IS TO MAINTAIN AND ENHANCE A VIBRANT DOWNTOWN AREA THROUGH ECONOMIC REDEVELOPMENT, DESIGN, ORGANIZATION AND PROMOTION AS PART OF MCKINNEY'S MAIN STREET PROGRAM. MAIN STREET IS A NATIONAL PROGRAM BORN OUT OF THE NATIONAL TRUST FOR HISTORIC PRESERVATION.

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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 $6,738

Program Service Revenue $1,458,524

Investment Income $524

Other Revenue $0

TOTAL REVENUE $1,465,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,394,534

Other Expenses $1,398,305

TOTAL EXPENSES $1,398,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,465,786	$1,265,793	+0.2%
Expenses	$1,398,305	$1,166,849	+0.2%
Net Income	$67,481	$98,944	-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

300

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
Amy Pyeatt	Chairman	5.00	Officer Director	$0	$0	$0
Ginger Hayes	Director	10.00	Director	$0	$0	$0
Lauren F Smith	Treasurer	5.00	Officer Director	$0	$0	$0
Preston Schwalls	Director	5.00	Director	$0	$0	$0
Von Daniel	Director	5.00	Director	$0	$0	$0
Onel Perez	Director	5.00	Director	$0	$0	$0
Kim Black	Director	5.00	Director	$0	$0	$0
Mike Buchanan	Vice President	5.00	Director	$0	$0	$0
Kate McAnally	Director	0.00	Director	$0	$0	$0
Daniel Stampfel	Director	0.00	Director	$0	$0	$0
Heather Lowry	Director	0.00	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	$1,465,786	$1,398,305	$883,350	$67,481
2023	$1,265,793	$1,166,849	$711,586	$98,944
2022	$1,220,213	$1,206,206	$578,038	$14,007
2021	$892,417	$736,102	$539,061	$156,315
2020	$393,558	$446,718	$279,613	$-53,160
2019	$997,699	$1,010,263	$998,747	$-12,564
2018	$932,228	$906,984	$946,539	$25,244

McKinney Downtown Business Re-Development Corp