ELLENSBURG DOWNTOWN ASSOCIATION (EIN 201395402) - 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

2004

Legal Domicile

Principal Officer

TERESA CHANES

Phone

5099626246

Tax Period

2024-01-01 to 2024-12-31

ELLENSBURG DOWNTOWN ASSOCIATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $289K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $338K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDING ACTIVITIES THAT INCREASE AWARENESS ABOUT THE REVITALIZATION OF DOWNTOWN IN ORDER TO LESSEN THE BURDEN OF LOCAL GOVERNMENT AND CREATE PROSPERITY IN AN ECONOMICALLY DISTRESSED HUB OF THE COMMUNITY.

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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 $257,347

Program Service Revenue $25,910

Investment Income $3,754

Other Revenue $2,350

TOTAL REVENUE $289,361

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $167,932

Fundraising Expenses $21,423

Program Expenses $184,626

Other Expenses $158,050

TOTAL EXPENSES $337,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,361	$251,727	+0.1%
Expenses	$337,982	$354,757	0.0%
Net Income	$-48,621	$-103,030	-0.5%

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

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

$75,405

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN REID	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIA COCHRAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SOPHIE WAGNER	SECRETARY	2.00	Officer Director	$0	$0	$0
BROOKE KNIGHT	TREASURER	2.00	Officer Director	$0	$0	$0
KELLE VANDENBERG	TRUSTEE	1.00	Director	$0	$0	$0
ANDY POLAK	TRUSTEE	1.00	Director	$0	$0	$0
JOHNNY GRAF	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE BOHMAN	TRUSTEE	1.00	Director	$0	$0	$0
EMILY FERGESTROM	TRUSTEE	1.00	Director	$0	$0	$0
RYAN KELLOGG	TRUSTEE	1.00	Director	$0	$0	$0
TERESA CHANES	EXECUTIVE DIRECTOR	40.00	Officer	$75,405	$0	$75,405

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	$289,361	$337,982	$245,720	$-48,621
2023	$251,727	$354,757	$290,063	$-103,030
2022	$319,309	$271,785	$400,624	$47,524
2021	$357,020	$169,545	$390,008	$187,475
2020	$224,422	$201,248	$186,466	$23,174
2019	$200,615	$200,920	$154,756	$-305
2018	$233,488	$195,492	$150,426	$37,996

ELLENSBURG DOWNTOWN ASSOCIATION