FERNDALE DOWNTOWN DEVELOPMENT ASSOCIATION (EIN 208688675) - 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

2022

Legal Domicile

Principal Officer

TOSHA WADE

Phone

3602239117

Tax Period

2023-01-01 to 2023-12-31

FERNDALE DOWNTOWN DEVELOPMENT ASSOCIATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $118K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $228K exceeded revenue, resulting in a 93% operating deficit.

Mission

THE FDDA IS A PARTNERSHIP OF MEMBERS WORKING TO PROMOTE THE ECONOMIC SOCIAL CULTURAL AND ENVIRONMENTAL VITALITY OF DOWNTOWN FERNDALE

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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 $112,645

Program Service Revenue $0

Investment Income $7,920

Other Revenue $-2,639

TOTAL REVENUE $117,926

Expense Breakdown

Grants Paid $109,050

Salaries & Benefits $82,175

Fundraising Expenses $0

Other Expenses $36,351

TOTAL EXPENSES $227,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,926	$894,209	-0.9%
Expenses	$227,576	$420,208	-0.5%
Net Income	$-109,650	$474,001	-1.2%

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

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

$71,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA O'BRINE	EXEC DIRECTOR	38.00	Key Emp	$71,000	$0	$71,000
BERTELLA HANSEN	SECRETARY	30.00	Officer	$0	$0	$0
SARA FASSETT	PRESIDENT	4.000	Officer	$0	$0	$0
MARK SHINTAFFER	VICE PRESIDENT	4.000	Officer	$0	$0	$0
JENNIFER MALIN	TREASURER	5.000	Officer	$0	$0	$0
ALYSSA SPRINGS	BOARD	5.000	Director	$0	$0	$0
JULIE LANGLEY	BOARD	4.000	Director	$0	$0	$0
BECKY CARR	BOARD	4.000	Director	$0	$0	$0
ALI HAWKINSON	BOARD	4.000	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
2023	$117,926	$227,576	$365,047	$-109,650
2023	$117,926	$247,576	$345,047	$-129,650
2022	$894,209	$420,208	$474,363	$474,001

FERNDALE DOWNTOWN DEVELOPMENT ASSOCIATION