Rochester Downtown Development Corporation (EIN 161081958) - Form 990 Financial Analysis & Trantor Score

🔒

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

1975

Legal Domicile

Principal Officer

Galin Brooks

Phone

5855466920

Tax Period

2023-01-01 to 2023-12-31

Rochester Downtown Development Corporation, founded in 1975, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 11% surplus.

Mission

Drive economic vitality in Downtown Rochester through innovation and collaboration.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $1,652,225

Program Service Revenue $236,783

Investment Income $1,318

Other Revenue $564

TOTAL REVENUE $1,890,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $560,148

Fundraising Expenses $0

Program Expenses $1,381,279

Other Expenses $1,116,393

TOTAL EXPENSES $1,676,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,890,890	$1,353,094	+0.4%
Expenses	$1,676,541	$1,404,228	+0.2%
Net Income	$214,349	$-51,134	-5.2%

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

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

$203,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Beinetti	Board Member	0.20	Director	$0	$0	$0
Jim Brown	Vice Chair	0.30	Officer Director	$0	$0	$0
Craig Burton	Board Member	0.20	Director	$0	$0	$0
Alex Castro	Board Member	0.20	Director	$0	$0	$0
Keith Cleary	Board Member	0.20	Director	$0	$0	$0
Tim Corcoran	Vice Chair	0.30	Officer Director	$0	$0	$0
Steve Dubnik	Chair	0.30	Officer Director	$0	$0	$0
Patrick Dutton	Board Member	0.20	Director	$0	$0	$0
Steve Epping	Board Member	0.20	Director	$0	$0	$0
Josh Farrelman	Vice Chair	0.30	Officer Director	$0	$0	$0
Brian Flanagan	Board Member	0.20	Director	$0	$0	$0
Joel Frater	Vice Chair	0.30	Officer Director	$0	$0	$0
Kimberly Frisbee	Board Member	0.20	Director	$0	$0	$0
Andrew Gallina	Board Member	0.20	Director	$0	$0	$0
Bret Garwood	Vice Chair	0.30	Officer Director	$0	$0	$0
Ken Glazer	Board Member	0.20	Director	$0	$0	$0
Ken Greene	Board Member	0.20	Director	$0	$0	$0
Ken Hall	Board Member	0.20	Director	$0	$0	$0
Brie Harrison	Treasurer	0.30	Officer Director	$0	$0	$0
Bob Healy	Board Member	0.20	Director	$0	$0	$0
Chris Hill	Past Chair	0.30	Officer Director	$0	$0	$0
Kate Karl	Board Member	0.20	Director	$0	$0	$0
Lisa Kaseman	Board Member	0.20	Director	$0	$0	$0
Ben Keller	Board Member	0.20	Director	$0	$0	$0
Peter Landers	Board Member	0.20	Director	$0	$0	$0
Roosevelt Mareus	Vice Chair	0.30	Officer Director	$0	$0	$0
Eugenio Marlin	Board Member	0.20	Director	$0	$0	$0
Ebony Miller-Wesley	Vice Chair	0.30	Officer Director	$0	$0	$0
Gail Morelle	Board Member	0.20	Director	$0	$0	$0
Nayan Patel	Board Member	0.20	Director	$0	$0	$0
Kelly Pronti	Board Member	0.20	Director	$0	$0	$0
Andy Raus	Board Member	0.20	Director	$0	$0	$0
Jay Rettberg	Board Member	0.20	Director	$0	$0	$0
Rachel Roberts	Board Member	0.20	Director	$0	$0	$0
Charles Russell	Board Member	0.20	Director	$0	$0	$0
Joe Sayre	Board Member	0.20	Director	$0	$0	$0
Tim Schmid	Board Member	0.20	Director	$0	$0	$0
Roseann Schmid	Board Member	0.20	Director	$0	$0	$0
Naomi Silver	Vice Chair	0.30	Officer Director	$0	$0	$0
Pat Tobin	Board Member	0.20	Director	$0	$0	$0
Victoria Van Voorhis	Vice Chair	0.30	Officer Director	$0	$0	$0
Christine Vargas	Secretary	0.30	Officer Director	$0	$0	$0
Ronald Washington	Board Member	0.20	Director	$0	$0	$0
Steve Webster	Board Member	0.20	Director	$0	$0	$0
Dawn Williams-Fuller	Board Member	0.20	Director	$0	$0	$0
Galin Brooks	President & CEO	40.00	Officer	$175,249	$28,379	$203,628

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	$1,890,890	$1,676,541	$2,609,582	$214,349
2022	$1,353,094	$1,404,228	$2,561,119	$-51,134
2021	$1,037,509	$604,066	$2,186,283	$433,443
2020	$1,033,201	$334,172	$2,322,547	$699,029
2019	$610,003	$351,018	$480,598	$258,985
2018	$324,251	$317,766	$224,087	$6,485

Rochester Downtown Development Corporation