Downtown Canandaigua Business Management Association Inc (EIN 161434067) - 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

1992

Legal Domicile

Principal Officer

Denise Chapel

Phone

5853960300

Tax Period

2023-01-01 to 2023-12-31

Downtown Canandaigua Business Management Association Inc, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $192K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Promote Economic Development in Canandaigua, New York and assist in making improvements to the business district.

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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 $94,000

Program Service Revenue $42,500

Investment Income $0

Other Revenue $55,204

TOTAL REVENUE $191,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,362

Fundraising Expenses $0

Program Expenses $75,453

Other Expenses $104,614

TOTAL EXPENSES $185,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,704	$176,227	+0.1%
Expenses	$185,976	$185,659	+0.0%
Net Income	$5,728	$-9,432	-1.6%

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

$45,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Anthony	Chair	5.00	Officer Director	$0	$0	$0
Stephen Cole	Vice Chair	5.00	Officer Director	$0	$0	$0
Rick Brown	Secretary	5.00	Officer Director	$0	$0	$0
Chris Keys	Treasurer	5.00	Officer Director	$0	$0	$0
Robin Alger	Director	5.00	Director	$0	$0	$0
Jon Welch	Director	5.00	Director	$0	$0	$0
Robert Taylor	Director	5.00	Director	$0	$0	$0
Lauren Behelfer	Director	5.00	Director	$0	$0	$0
Todd Reardon	Director	5.00	Director	$0	$0	$0
Ellen Polimeni	Director	5.00	Director	$0	$0	$0
Denise Chaapel	C.E.O.	20.00	Officer	$45,128	$0	$45,128

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	$191,704	$185,976	$90,234	$5,728
2022	$176,227	$185,659	$61,456	$-9,432
2021	$169,136	$150,023	$69,954	$19,113
2020	$167,524	$154,790	$48,086	$12,734
2019	$178,303	$179,518	$34,083	$-1,215
2018	$138,420	$136,578	$35,714	$1,842

Downtown Canandaigua Business Management Association Inc