HISTORIC DOWNTOWN LIBERTY INC (EIN 204020297) - 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

DANELLE O'CONNELL

Phone

8167813575

Tax Period

2025-01-01 to 2025-12-31

HISTORIC DOWNTOWN LIBERTY INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $388K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $370K left a modest 5% surplus.

Mission

TO FOSTER A VIBRANT COMMUNITY IN HISTORIC DOWNTOWN LIBERTY AS AN EXCITING PLACE TO SHOP, DINE, AND INVEST THROUGH ECONOMIC DEVELOPMENT, CREATIVE PROMOTION, AND HISTORICAL PRESERVATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $89,586

Program Service Revenue $237,660

Investment Income $1,432

Other Revenue $59,392

TOTAL REVENUE $388,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,156

Fundraising Expenses $0

Program Expenses $353,605

Other Expenses $234,969

TOTAL EXPENSES $370,125

Year-over-Year Comparison

	2025	2024	Change
Revenue	$388,070	$313,195	+0.2%
Expenses	$370,125	$382,814	0.0%
Net Income	$17,945	$-69,619	-1.3%

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

$65,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANELLE O'CONNELL	EXECUTIVE DI	40.00	Officer	$64,038	$1,921	$65,959
PAEMON ARMAJOO	PRESIDENT	8.00	Officer Director	$0	$0	$0
ANN DUGDALE	VICE PRESIDE	24.00	Officer Director	$0	$0	$0
JACKIE MURTHA	TREASURER	12.00	Officer Director	$0	$0	$0
ASHLEY CHANDLER	SECRETARY	30.00	Officer Director	$0	$0	$0
DYLAN ORBESEN	DIRECTOR	20.00	Director	$0	$0	$0
MARTY WYNN	DIRECTOR	24.00	Director	$0	$0	$0
TINA HUET	DIRECTOR	24.00	Director	$0	$0	$0
HAROLD PHILLIPS	DIRECTOR	24.00	Director	$0	$0	$0
RILEY FRASURE-SMITH	DIRECTOR	40.00	Director	$0	$0	$0
MOLLY HOSKINS	DIRECTOR	8.00	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	$388,070	$370,125	$160,966	$17,945
2024	$313,195	$382,814	$105,085	$-69,619
2023	$362,891	$377,426	$168,733	$-14,535
2022	$360,489	$307,896	$165,035	$52,593
2021	$263,853	$248,373	$103,313	$15,480
2020	$174,891	$181,135	$99,007	$-6,244
2019	$235,962	$228,441	$46,889	$7,521

HISTORIC DOWNTOWN LIBERTY INC