DOWNTOWN REVITALIZATION & IMPROVEME

EIN: 201852804 501(c)(3) Community Improvement

NEWPORT, AR

Total Revenue
$293,928
Total Expenses
$265,800
Total Assets
$528,094
Net Assets
$528,094
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AR
Principal Officer
JIM GOWEN Sr
Phone
8705233618
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN REVITALIZATION & IMPROVEME, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $226K in total revenue in fiscal year 2018. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $211K left a modest 7% surplus.

Mission

COMMUNITY DEVELOPMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $293,906
Program Service Revenue $0
Investment Income $22
Other Revenue $0
TOTAL REVENUE $293,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $265,800
Other Expenses $265,800
TOTAL EXPENSES $265,800

Year-over-Year Comparison

2024 2023 Change
Revenue $293,928 $465,987 -0.4%
Expenses $265,800 $271,679 0.0%
Net Income $28,128 $194,308 -0.9%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM GOWEN Sr CHAIR 0.00
Officer
$0 $0 $0
JON CHADWELL CO-CHAIR 0.00
Officer
$0 $0 $0
JULIE ALLEN TREASURER 0.00
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
2024 $293,928 $265,800 $528,094 $28,128
2023 $465,987 $271,679 $499,966 $194,308
2022 $213,017 $229,394 $305,658 $-16,377
2021 $234,108 $226,562 $322,035 $7,546
2020 $177,880 $128,519 $314,489 $49,361
2019 $227,147 $204,719 $265,128 $22,428
2018 $225,806 $210,755 $242,700 $15,051
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