Ithaca Downtown Bus Improv District Inc (EIN 161518142) - 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

1996

Legal Domicile

Principal Officer

Nan Rohrer

Phone

6072778679

Tax Period

2024-01-01 to 2024-12-31

Ithaca Downtown Bus Improv District Inc, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.3M left a modest 11% surplus.

Mission

To enhance and improve Ithacas urban core while working with partnerships with retailers, developers and othe organizations to nurture IDBID as a place to come together creating a vibrant welcoming environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,017,284

Program Service Revenue $460,946

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,478,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,665

Fundraising Expenses $0

Program Expenses $1,077,871

Other Expenses $743,148

TOTAL EXPENSES $1,311,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,478,230	$1,659,056	-0.1%
Expenses	$1,311,813	$1,707,568	-0.2%
Net Income	$166,417	$-48,512	-4.4%

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

$142,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nan Rohrer	Chief Executive Officer	40.00	Officer Highest	$142,668	$0	$142,668
Teri Tarshus	Board member	1.00	Director	$0	$0	$0
Benjamin Sandberg	Board member	1.00	Director	$0	$0	$0
Amy Cohen	Board member	1.00	Director	$0	$0	$0
Greg Conard	Board member	1.00	Director	$0	$0	$0
Larry Hockberger	Board member	1.00	Director	$0	$0	$0
Elsa Hyde	Board member	1.00	Director	$0	$0	$0
Tom Knipe	Board member	1.00	Director	$0	$0	$0
Jodi LaPierre	Board member	1.00	Director	$0	$0	$0
Nathan Lyman	Board member	1.00	Director	$0	$0	$0
Jan Norman	Board member	1.00	Director	$0	$0	$0
Emily Petrina	Board member	1.00	Director	$0	$0	$0
Susan Riley	Board member	1.00	Director	$0	$0	$0
Lisa Swayze	Board member	1.00	Director	$0	$0	$0
Bryan Warren	Board member	1.00	Director	$0	$0	$0
Dean Zervos	Board member	1.00	Director	$0	$0	$0
Jen Demarest	Board member	1.00	Director	$0	$0	$0
Phil Shay	Board member	1.00	Director	$0	$0	$0
Danica Wilcox	Board member	1.00	Director	$0	$0	$0
Dennis Panagitsas	Board member	1.00	Director	$0	$0	$0
Laura Larson	Board member	1.00	Director	$0	$0	$0
Callyn Pyhtila	Board member	1.00	Director	$0	$0	$0
Laura Larson	Board member	1.00	Director	$0	$0	$0
Ducson Nguyen	Board member	1.00	Director	$0	$0	$0
Fred Schoeps	Board member	1.00	Director	$0	$0	$0
Isacc Kain	Board member	1.00	Director	$0	$0	$0
Meryl Bursic	Board member	1.00	Director	$0	$0	$0
Robert Cantelmo	Board member	1.00	Director	$0	$0	$0
Veroncia Pilar	Board member	1.00	Director	$0	$0	$0
Megan Vidler	Vice President Treasurer	1.00	Officer Director	$0	$0	$0
Abby Peterson	Secretary	1.00	Officer Director	$0	$0	$0
John Guttridge	President	1.00	Officer 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	$1,478,230	$1,311,813	$1,090,219	$166,417
2023	$1,659,056	$1,707,568	$991,353	$-48,512
2022	$1,663,082	$1,507,053	$908,013	$156,029
2021	$1,349,943	$1,205,570	$504,469	$144,373
2020	$1,072,087	$1,088,478	$449,781	$-16,391
2019	$1,069,521	$1,016,016	$319,681	$53,505
2018	$1,026,246	$1,043,183	$271,919	$-16,937

Ithaca Downtown Bus Improv District Inc