DESTINATION DOWNTOWN EDENTON 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

2004

Legal Domicile

Principal Officer

JAMES H CHESSON JR

Phone

2524822962

Tax Period

2024-07-01 to 2025-06-30

DESTINATION DOWNTOWN EDENTON INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $295K in total revenue in fiscal year 2024. Expenses of $281K left a modest 5% surplus.

Mission

THE MISSION OF THE EDENTON MAIN STREET PROGRAM IS TO PRESERVE, MANAGE, PROMOTE, RECRUIT, AND ENHANCE THE DEVELOPMENT OF EDENTON'S HISTORIC DOWNTOWN IN A SPIRIT OF COOPERATION, AS THE CULTURAL, HISTORIC, AND ECONOMIC CENTER OF CHOWAN COUNTY.

Program Service Accomplishments

Program 1

Expenses: $278,029

THE MISSION OF THE EDENTON MAIN STREET PROGRAM IS TO PRESERVE, MANAGE, PROMOTE, RECRUIT, AND ENHANCE THE DEVELOPMENT OF EDENTON'S HISTORIC DOWNTOWN IN A SPIRIT OF COOPERATION, AS THE CULTURAL...

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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 $229,744

Program Service Revenue $65,623

Investment Income $44

Other Revenue $0

TOTAL REVENUE $295,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,873

Fundraising Expenses $0

Program Expenses $278,029

Other Expenses $175,481

TOTAL EXPENSES $281,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,411	N/A	N/A
Expenses	$281,354	N/A	N/A
Net Income	$14,057	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY BELTON	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSAN CREED	EX OFFICIO	N/A	Director	$0	$0	$0
SAMBO DIXON	BOARD MEMBER	N/A	Director	$0	$0	$0
ALEXANDRIA EVANS	VICE CHAIR	N/A	Director	$0	$0	$0
COREY GOODEN	EX OFFICIO	N/A	Director	$0	$0	$0
HACK HIGH	EX OFFICIO	N/A	Director	$0	$0	$0
CAROLINE LANGLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY MCLAUGHLIN	EX OFFICIO	N/A	Director	$0	$0	$0
BROCK MITCHELL	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIENNE MIZELL	EX OFFICIO	N/A	Director	$0	$0	$0
JENNIFER STRUCHEN	BOARD MEMBER	N/A	Director	$0	$0	$0
BURTON SWAIN	CHAIR	N/A	Director	$0	$0	$0
CANDACE THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
TIMMY TURNER	SECRETARY	N/A	Director	$0	$0	$0
STEPHANIE WACH	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES H CHESSON JR	EXECUTIVE DI	40.00	Officer	$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	$295,411	$281,354	$66,400	$14,057