THE GULCH BUSINESS IMPROVEMENT DISTRICT INC (EIN 204990151) - 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

2006

Legal Domicile

Principal Officer

THOMAS D TURNER

Phone

6157433090

Tax Period

2023-01-01 to 2023-12-31

THE GULCH BUSINESS IMPROVEMENT DISTRICT INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $861K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO MAKE THE GULCH AREA OF DOWNTOWN NASHVILLE A COMPELLING AREA IN WHICH TO LIVE, WORK, & PLAY

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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 $846,599

Investment Income $14,658

Other Revenue $0

TOTAL REVENUE $861,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $755,916

Other Expenses $853,915

TOTAL EXPENSES $853,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,257	$731,284	+0.2%
Expenses	$853,915	$705,238	+0.2%
Net Income	$7,342	$26,046	-0.7%

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
MICHAEL LINDSETH	CHAIR	1.00	Officer Director	$0	$0	$0
RYAN KEANE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEL BOND	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
WALTER CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH GAVIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KINDY HENSLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MADDIE PRESS	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN REESER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD WOHLERS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS D TURNER	ASSISTANT TREASURER	1.00	Officer	$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	$861,257	$853,915	$266,516	$7,342
2022	$731,284	$705,238	$243,039	$26,046
2021	$474,441	$533,138	$246,579	$-58,697
2020	$498,541	$501,880	$234,339	$-3,339
2019	$476,886	$484,588	$214,783	$-7,702
2018	$468,341	$475,785	$230,944	$-7,444

THE GULCH BUSINESS IMPROVEMENT DISTRICT INC