HISTORIC DOWNTOWN CHELAN ASSOCIATION (EIN 204075007) - 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

Principal Officer

Stacy Bjarnason

Phone

5096824322

Tax Period

2024-01-01 to 2024-12-31

HISTORIC DOWNTOWN CHELAN ASSOCIATION is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 43% operating margin.

Mission

To engage in educational and charitable activities in order to preserve and develop the beauty, historic qualities and economic stability he downtown chelan area.

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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 $396,127

Program Service Revenue $15,613

Investment Income $2,040

Other Revenue $0

TOTAL REVENUE $413,780

Expense Breakdown

Grants Paid $23,397

Salaries & Benefits $136,142

Fundraising Expenses $15,441

Program Expenses $145,068

Other Expenses $76,474

TOTAL EXPENSES $236,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,780	$297,093	+0.4%
Expenses	$236,013	$379,531	-0.4%
Net Income	$177,767	$-82,438	-3.2%

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

$95,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aimee Sheridan	Executive Dir.	40.00	Officer	$95,250	$0	$95,250
Adam Rynd	President	1.00	Officer Director	$0	$0	$0
Katy Foruria	Vice President	1.00	Officer Director	$0	$0	$0
Stacy Bjarnason	Treasurer	1.00	Officer Director	$0	$0	$0
Bob Beeson	Secretary	1.00	Officer Director	$0	$0	$0
Eric Campbell	Past President	1.00	Officer Director	$0	$0	$0
Alysha Ottrix	Director	1.00	Director	$0	$0	$0
Jenn Montes	Director	1.00	Director	$0	$0	$0
Mary Signorelli	Director	1.00	Director	$0	$0	$0
Alvaro Arteaga	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	$413,780	$236,013	$488,715	$177,767
2023	$297,093	$379,531	$310,948	$-82,438
2022	$288,508	$262,969	$393,386	$25,539
2021	$396,142	$321,087	$382,408	$75,055

HISTORIC DOWNTOWN CHELAN ASSOCIATION