CORTLAND DOWNTOWN PARTNERSHIP

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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

2006

Legal Domicile

Principal Officer

EVAN GEIBEL

Phone

6072994682

Tax Period

2023-01-01 to 2023-12-31

CORTLAND DOWNTOWN PARTNERSHIP, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $82K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $153K exceeded revenue, resulting in a 86% operating deficit.

Mission

TO SOLICIT RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL PURPOSES AND TO DISSEMINATEINFORMATION AND PROMOTE INTEREST IN THE PRESERVATION HISTORY CULTURE ARCHITECTURE ANDPUBLIC USE OF CORTLANDS TRADITIONAL DOWNTOWN

Program Service Accomplishments

Program 1

Expenses: $1,731 Revenue: $15,708

TO SOLICIT RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL PURPOSES AND TO DISSEMINATE INFORMATION AND PROMOTE INTEREST IN THE PRESERVATION HISTORY CULTURE ARCHITECTURE AND PUBLIC USE OF CORTLANDS...

TO SOLICIT RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL PURPOSES AND TO DISSEMINATE INFORMATION AND PROMOTE INTEREST IN THE PRESERVATION HISTORY CULTURE ARCHITECTURE AND PUBLIC USE OF CORTLANDS TRADITIONAL DOWNTOWN AREA. MAINTAINS PARKING METERS AND KIOSKS FOR THE DOWNTOWN CORTLAND AREA.

Program 2

Expenses: $135,422 Revenue: $66,300

OPERATES THE FACILITY AT 40-42 MAIN STREET WHICH HOUSES LOCAL BUSINESS DEVELOPMENT ORGANIZATIONS AND LOCAL COLLEGE GROUPS.

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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 $0

Program Service Revenue $82,008

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,153

Other Expenses $152,551

TOTAL EXPENSES $152,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,008	$91,878	-0.1%
Expenses	$152,551	$155,791	0.0%
Net Income	$-70,543	$-63,913	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALARIE VANGORDER	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
EVAN GEIBEL	PRESIDENT	002.00	Officer Director	$0	$0	$0
CHRIS HOTCHKISS	SECRETARY	002.00	Officer Director	$0	$0	$0
CYNTHIA GUY	DIRECTOR	001.00	Director	$0	$0	$0
KAYLEE GROSS	DIRECTOR	001.00	Director	$0	$0	$0
TIMOTHY BENNETT	DIRECTOR	001.00	Director	$0	$0	$0
JOHN ASPINWALL	TREASURER	002.00	Officer Director	$0	$0	$0
KELLY TOBIN	DIRECTOR	001.00	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	No data	No data	No data	No data
2023	$82,008	$152,551	$1,749,659	$-70,543
2022	$91,878	$155,791	$1,820,251	$-63,913
2021	$51,734	$123,929	$1,888,478	$-72,195
2020	$552,494	$101,497	$2,258,854	$450,997
2019	$96,822	$144,309	$1,939,490	$-47,487
2018	$323,661	$223,232	$2,029,526	$100,429