DOWNTOWN TOLEDO IMPROVEMENT DISTRICT INC (EIN 203888380) - 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

2005

Legal Domicile

Principal Officer

BRUCE RUMPF

Phone

4192495494

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN TOLEDO IMPROVEMENT DISTRICT INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $370K, a strong 36% operating margin.

Mission

PROVIDE CERTAIN SERVICES TO DOWNTOWN PROPERTY OWNERS WITHIN A SPECIAL ASSESSMENT DISTRICT. THESE SERVICES INCLUDE PUBLIC SPACES, SUPPLEMENTAL SECURITY AND HOSPITALITY, COMMUNICATIONS AND MARKETING, BUSINESS AND RESIDENTIAL DEVELOPMENT, AND MEMBER SERVICES ABOVE AND BEYOND THOSE PROVIDED BY THE CITY OF TOLEDO.

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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 $989,645

Program Service Revenue $0

Investment Income $30,505

Other Revenue $0

TOTAL REVENUE $1,020,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $634,118

Other Expenses $650,117

TOTAL EXPENSES $650,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,020,150	$1,024,924	0.0%
Expenses	$650,117	$950,446	-0.3%
Net Income	$370,033	$74,478	+4.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT RUBIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANNY DYMARKOWSKI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
YVETTE MAYZES	SECRETARY	1.00	Officer Director	$0	$0	$0
BRUCE RUMPF	TREASURER	1.00	Officer Director	$0	$0	$0
DEAN BALL	DIRECTOR	1.00	Director	$0	$0	$0
ED BECZYNSKI	DIRECTOR	1.00	Director	$0	$0	$0
JAY DELLINGER	DIRECTOR	1.00	Director	$0	$0	$0
JIM KNIEP	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY LAGUSCH 124-1024	DIRECTOR	1.00	Director	$0	$0	$0
JAKE LINDKE	DIRECTOR	1.00	Director	$0	$0	$0
BILL LONG	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY SANTUS	DIRECTOR	1.00	Director	$0	$0	$0
BOB SIEBENALLER	DIRECTOR	1.00	Director	$0	$0	$0
ANITA LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
LISA SOBECKI	DIRECTOR	1.00	Director	$0	$0	$0
KAREN POORE	DIRECTOR	1.00	Director	$0	$0	$0
VANICE S WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TALLIE CARTER 1124-1224	DIRECTOR	1.00	Director	$0	$0	$0
LIZZIE FRIEDMAN 1124-1224	DIRECTOR	1.00	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
2024	$1,020,150	$650,117	$1,304,933	$370,033
2023	$1,024,924	$950,446	$931,614	$74,478
2022	$966,346	$813,397	$857,136	$152,949
2021	$990,610	$818,408	$704,187	$172,202
2020	$654,116	$606,237	$531,985	$47,879
2019	$643,074	$643,708	$484,106	$-634
2018	$620,754	$641,984	$484,740	$-21,230

DOWNTOWN TOLEDO IMPROVEMENT DISTRICT INC