DOWNTOWN TOLEDO DEVELOPMENT CORPORATION (EIN 060529307) - 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

2005

Legal Domicile

Principal Officer

JASON KUCSMA

Phone

4192495494

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN TOLEDO DEVELOPMENT CORPORATION, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 13% surplus.

Mission

DOWNTOWN TOLEDO DEVELOPMENT CORPORATION (DTDC) IS A NON-PROFIT ORGANIZATION FORMED FOR THE PURPOSE OF FURTHERING DEVELOPMENT AND COMMERCIAL ACTIVITY IN DOWNTOWN TOLEDO. ACTIVITIES PERFORMED BY DTDC INCLUDE DEVELOPMENT THROUGH BEAUTIFICATION AND DESIGN WORK.

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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 $740,265

Program Service Revenue $726,648

Investment Income $16,885

Other Revenue $-32,529

TOTAL REVENUE $1,451,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,122

Fundraising Expenses $0

Program Expenses $878,384

Other Expenses $989,350

TOTAL EXPENSES $1,263,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,451,269	$1,466,508	0.0%
Expenses	$1,263,472	$1,147,506	+0.1%
Net Income	$187,797	$319,002	-0.4%

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

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON SPEYER	CHAIR	1.00	Officer Director	$0	$0	$0
TOM MANAHAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASON KUCSMA	TREASURER	1.00	Officer Director	$0	$0	$0
GENE ABERCROMBIE	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB BAXTER	TRUSTEE	1.00	Director	$0	$0	$0
SHEENA KEIFFER	TRUSTEE	1.00	Director	$0	$0	$0
VINCE DIPOFI	TRUSTEE	1.00	Director	$0	$0	$0
MARC FOLK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HAUDRICH	TRUSTEE	1.00	Director	$0	$0	$0
REED HAUPTMAN	TRUSTEE	1.00	Director	$0	$0	$0
ADAM LEVINE	TRUSTEE	1.00	Director	$0	$0	$0
JOEL JERGER	TRUSTEE	1.00	Director	$0	$0	$0
RAY MICHAM	TRUSTEE	1.00	Director	$0	$0	$0
DIANE MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JOE NAPOLI	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN CHAMBERS	TRUSTEE	1.00	Director	$0	$0	$0
BILL RUDOLPH	TRUSTEE	1.00	Director	$0	$0	$0
ALEX GERKEN	TRUSTEE	1.00	Director	$0	$0	$0
MEG ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
DAVE ZENK	TRUSTEE	1.00	Director	$0	$0	$0
ROY HODGE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
WILL LUCAS	TRUSTEE	1.00	Director	$0	$0	$0
BARRY SHANER	TRUSTEE	1.00	Director	$0	$0	$0
JOAQUIN CINTRON VEGA	TRUSTEE	1.00	Director	$0	$0	$0
ANDY DALE	TRUSTEE	1.00	Director	$0	$0	$0
BILL MCDONNELL	TRUSTEE	1.00	Director	$0	$0	$0
RITA MANSOUR	TRUSTEE	1.00	Director	$0	$0	$0
JACK MEWHORT	TRUSTEE	1.00	Director	$0	$0	$0
DEAN MONSKE	TRUSTEE	1.00	Director	$0	$0	$0
ARTURO POLIZZI	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
WENDY GRAMZA	TRUSTEE	1.00	Director	$0	$0	$0
PAUL TOTH	PRESIDENT	40.00	Officer	$130,000	$0	$130,000

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	$1,451,269	$1,263,472	$2,372,766	$187,797
2022	$1,466,508	$1,147,506	$2,194,662	$319,002
2021	$1,327,098	$1,253,705	$1,911,388	$73,393
2020	$1,314,768	$1,159,882	$2,689,872	$154,886
2019	$1,402,024	$1,231,102	$691,042	$170,922
2018	$1,450,156	$1,258,374	$516,916	$191,782

DOWNTOWN TOLEDO DEVELOPMENT CORPORATION