CHAPEL HILL DOWNTOWN PARTNERSHIP INC (EIN 201561219) - 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

CARTER HUBBARD

Phone

9199325800

Tax Period

2024-07-01 to 2025-06-30

CHAPEL HILL DOWNTOWN PARTNERSHIP INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $720K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $915K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO BRING THE RESOURCES OF THE TOWN, UNIVERSITY AND DOWNTOWN COMMUNITY TOGETHER TO MAINTAIN, ENHANCE AND PROMOTE THE DOWNTOWN AREA AS THE SOCIAL, CULTURAL, AND SPIRITUAL CENTER OF CHAPEL HILL THROUGH ECONOMIC DEVELOPMENT.

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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 $716,220

Program Service Revenue $0

Investment Income $1,909

Other Revenue $2,262

TOTAL REVENUE $720,391

Expense Breakdown

Grants Paid $51,672

Salaries & Benefits $338,807

Fundraising Expenses $3,096

Program Expenses $743,810

Other Expenses $524,767

TOTAL EXPENSES $915,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,391	$867,180	-0.2%
Expenses	$915,246	$822,267	+0.1%
Net Income	$-194,855	$44,913	-5.3%

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

$107,122

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERI LYNN SCHULKE	DIRECTOR THRU 5/25	40.00	Officer	$92,700	$14,422	$107,122
CARTER HUBBARD	DIRECTOR FROM 6/25	40.00	Officer	$0	$0	$0
DOUG ROTHWELL	CHAIR	5.00	Officer Director	$0	$0	$0
SHERYL WADDELL	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JARED SOKOLSKY	TREASURER	5.00	Officer Director	$0	$0	$0
MIMI HOCK	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
JIM FINE	BOARD MEMBER	5.00	Director	$0	$0	$0
AMANDA GARNER	ADVISORY MEMBER, NON-VOTING	5.00	Director	$0	$0	$0
PAULA GILLAND	BOARD MEMBER	5.00	Director	$0	$0	$0
PATTY GRIFFIN	ADVISORY MEMBER, NON-VOTING	5.00	Director	$0	$0	$0
PAM HEMMINGER	ADVISORY MEMBER, NON-VOTING	5.00	Director	$0	$0	$0
CODY JOHNSON	BOARD MEMBER	5.00	Director	$0	$0	$0
TONYA MOORE	BOARD MEMBER	5.00	Director	$0	$0	$0
AARON NELSON	ADVISORY MEMBER, NON-VOTING	5.00	Director	$0	$0	$0
THEODORE NOLLERT	ADVISORY MEMBER, NON-VOTING	5.00	Director	$0	$0	$0
ANTOINE PEUCH	BOARD MEMBER	5.00	Director	$0	$0	$0
SARAH POTTER	ADVISORY MEMBER, NON-VOTING	5.00	Director	$0	$0	$0
ANDREY SHENIN	BOARD MEMBER	5.00	Director	$0	$0	$0
IVY TAYLOR	BOARD MEMBER	5.00	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
2025	$720,391	$915,246	$257,838	$-194,855
2024	No data	No data	No data	No data
2023	$820,765	$760,484	$403,156	$60,281
2023	$820,765	$777,484	$403,156	$43,281
2022	$704,157	$623,612	$391,889	$80,545
2021	$462,275	$460,836	$269,897	$1,439

CHAPEL HILL DOWNTOWN PARTNERSHIP INC