DOWNTOWN BURBANK PARTNERSHIP INC

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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

2003

Legal Domicile

Principal Officer

MICHAEL CUSUMANO

Phone

8182385170

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN BURBANK PARTNERSHIP INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE DOWNTOWN BURBANK PARTNERSHIP ORGANIZES PROGRAMS TO PROMOTE A VIBRANT COMMERCIAL DISTRICT. PROGRAMS INCLUDE DEVELOPING A WEBSITE, PRODUCING A NEWSLETTER, AND ORGANIZING PROMOTIONAL PROGRAMS TO DRAW PATRONS TO THE DOWNTOWN DISTRICT.

Program Service Accomplishments

Program 1

ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH COMMUNITY SERVICE ORGANIZATIONS AND OUTLETS.

Program 2

ACCOMPLISHMENT OF TARGET GOALS PERTAINING TO MARKETING, MAINTENANCE, AND CAPITAL IMPROVEMENTS FOR IMPROVEMENT DISTRICT.

Program 3

PROVIDED SERVICES PERTAINING TO FAMILY FRIENDLY EVENTS AND COMMUNITY CENTERED PROGRAMS, ALLOWING MEMBERS TO GROW AND PROMOTE THEIR BUSINESSES.

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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 $0

Program Service Revenue $1,028,044

Investment Income $6,804

Other Revenue $0

TOTAL REVENUE $1,034,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,167,320

TOTAL EXPENSES $1,167,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,034,848	$1,120,900	-0.1%
Expenses	$1,167,320	$1,031,611	+0.1%
Net Income	$-132,472	$89,289	-2.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CUSUMANO	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES O'NEIL	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DOMINICK SCAROLA	TREASURER	1.00	Officer Director	$0	$0	$0
TED SLAUGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY ANN BARROSO-CASTANON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE DESCHAINE	DIRECTOR	1.00	Director	$0	$0	$0
ERIK MAENNER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK PRESCOTT	DIRECTOR	1.00	Director	$0	$0	$0
BRETT WARNER	DIRECTOR	1.00	Director	$0	$0	$0
JUDIE WILKE	DIRECTOR	1.00	Director	$0	$0	$0
PARHAM YEDIDSION	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,034,848	$1,167,320	$525,286	$-132,472
2022	$1,120,900	$1,031,611	$641,804	$89,289
2021	$1,065,957	$891,874	$588,910	$174,083
2020	$930,719	$786,227	$422,880	$144,492
2019	$977,944	$950,357	$335,388	$27,587
2018	$725,358	$761,704	$353,022	$-36,346