ROCHESTER DOWNTOWN ALLIANCE

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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

2005

Legal Domicile

Principal Officer

MICHELLE DOBSON

Phone

5072169882

Tax Period

2023-01-01 to 2023-12-31

ROCHESTER DOWNTOWN ALLIANCE, founded in 2005, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 14% surplus.

Mission

TO CREATE, ENHANCE, AND PROMOTE A DOWNTOWN EXPERIENCE THAT IS WELCOMING, FUN, AND LIVABLE.

Program Service Accomplishments

Program 1

PROGRAM AND CONDUCT COMMUNITY FESTIVALS AND EVENTS IN THE PEACE PLAZA AND OTHER DOWNTOWN STREETS FOR THE CITY OF ROCHESTER.

Program 2

ADVOCATE FOR, SUPPORT AND FACILITATE COLLABORATION WITH DOWNTOWN ARTS ORGANIZATIONS. PROVIDE ARTS PROGRAMMING THAT CREATES VITALITY AND CONNECTS BUSINESSES WITH THE ARTS COMMUNITY FOR THE ENJOYMENT...

Program 3

PROVIDE CLEANING, SAFETY, AND HOSPITALITY SERVICES, VIA UNIFORMED AMBASSADORS TO THE 44-BLOCK SPECIAL SERVICE DISTRICT (SSD).

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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 $743,186

Program Service Revenue $902,939

Investment Income $21,505

Other Revenue $3,073

TOTAL REVENUE $1,670,703

Expense Breakdown

Grants Paid $22,750

Salaries & Benefits $346,658

Fundraising Expenses $0

Other Expenses $1,067,904

TOTAL EXPENSES $1,437,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,670,703	$1,638,151	+0.0%
Expenses	$1,437,312	$1,632,362	-0.1%
Net Income	$233,391	$5,789	+39.3%

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

$110,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUCKY BEEMAN	DIRECTOR	1.00	Director	$0	$0	$0
WALTER HANSON	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE JEHNKE	DIRECTOR	1.00	Director	$0	$0	$0
SVAAR VINJE	DIRECTOR	1.00	Director	$0	$0	$0
KIM JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
CORNELL VOELLER	DIRECTOR	1.00	Director	$0	$0	$0
SHRUTHI NAIK	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA SHURSON	CHAIR	3.00	Officer Director	$0	$0	$0
MICHELLE DOBSON	TREASURER/FINANCE CHAIR	2.00	Officer Director	$0	$0	$0
SHAWN FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
WILL FORSMAN	BOARD DEVELOPMENT CHAIR	1.00	Officer Director	$0	$0	$0
CYLE ERIE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
OMAR NUR	DIRECTOR	1.00	Director	$0	$0	$0
RIANN BRIGHT	ACE AND PLACE CHAIR	1.00	Officer Director	$0	$0	$0
BERN O'BRIEN	CLEAN AND SAFE CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN HARRINGTON	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$109,200	$1,175	$110,375
HOLLY MASEK RESIGNED	EXECUTIVE DIRECTOR	40.00		$20,778	$2,032	$22,810

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	$1,670,703	$1,437,312	$1,157,231	$233,391
2022	$1,638,151	$1,632,362	$960,779	$5,789
2021	$1,423,624	$1,318,908	$1,047,820	$104,716
2020	$2,496,414	$2,045,858	$1,061,466	$450,556
2019	$956,854	$879,820	$365,205	$77,034
2018	$906,255	$889,309	$254,739	$16,946