DOWNTOWN INC OF PITTSFIELD (EIN 222474106) - 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

1983

Legal Domicile

Principal Officer

TIMOTHY D LOEHR

Phone

4134436501

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN INC OF PITTSFIELD, founded in 1983, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $239K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF DOWNTOWN PITTSFIELD, INC. IS TO FOSTER THE ONGOING GROWTH AND VITALITY OF DOWNTOWN PITTSFIELD, MASSACHUSETTS THROUGH VISION, LEADERSHIP AND ADVOCACY AND TO POSITION DOWNTOWN AS THE CREATIVE AND BUSINESS HUB OF THE BERKSHIRES FOR THE BENEFIT OF ALL.

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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 $88,464

Program Service Revenue $114,536

Investment Income $31

Other Revenue $11,732

TOTAL REVENUE $214,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,116

Fundraising Expenses $0

Program Expenses $205,844

Other Expenses $91,868

TOTAL EXPENSES $238,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,763	$154,109	+0.4%
Expenses	$238,984	$190,904	+0.3%
Net Income	$-24,221	$-36,795	-0.3%

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

$70,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDEN HULDEEN	PRESIDENT	0.50	Officer Director	$0	$0	$0
JESSICA RUMLOW	CHAIR	0.50	Officer Director	$0	$0	$0
MICHELE BUTLER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
TIMOTHY O'DONNELL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MIKE DELL'AQUILA	VP OF MARKETING	0.50	Officer Director	$0	$0	$0
LINDSEY SCHMID	CLERK	0.50	Officer Director	$0	$0	$0
TIMOTHY LOEHR	TREASURER	0.50	Officer Director	$0	$0	$0
WENDY ALLEGRONE	DIRECTOR	0.50	Director	$0	$0	$0
PASTOR JOEL BERGELAND	DIRECTOR	0.50	Director	$0	$0	$0
JP GALLI	DIRECTOR	0.50	Director	$0	$0	$0
LIAM GORMAN	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK LEACH	DIRECTOR	0.50	Director	$0	$0	$0
RICARDO MORALES	DIRECTOR	0.50	Director	$0	$0	$0
STEVE OAKES	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLAS PALEOLOGOS	DIRECTOR	0.50	Director	$0	$0	$0
CATERINA PENNA	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLAS RUSSO	DIRECTOR	0.50	Director	$0	$0	$0
JENAYE SIMON	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH TULLY	DIRECTOR	0.50	Director	$0	$0	$0
EVAN VALENTI	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER VRABEL	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL WILLSON	DIRECTOR	0.50	Director	$0	$0	$0
DAVID CARVER	LIFE DIRECTOR	0.50	Director	$0	$0	$0
PETER LAFAYETTE	LIFE DIRECTOR	0.50	Director	$0	$0	$0
STEVEN VALENTI	LIFE DIRECTOR	0.50	Director	$0	$0	$0
PETER M MARCHETTI	EX-OFFICIO MEMBER	0.50	Director	$0	$0	$0
JUSTINE DODDS	EX-OFFICIO MEMBER	0.50	Director	$0	$0	$0
JENNIFER GLOCKNER	EX-OFFICIO MEMBER	0.50	Director	$0	$0	$0
THOMAS DAWLEY	EX-OFFICIO MEMBER	0.50	Director	$0	$0	$0
MATTHEW HILL	EX-OFFICIO MEMBER	0.50	Director	$0	$0	$0
MARC MADDALENA	EX-OFFICIO MEMBER	0.50	Director	$0	$0	$0
REBECCA BRIEN	EXECUTIVE DIRECTOR	40.00	Officer	$70,346	$0	$70,346

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	$214,763	$238,984	$105,834	$-24,221
2022	$154,109	$190,904	$125,687	$-36,795
2021	$239,655	$167,849	$168,463	$71,806

DOWNTOWN INC OF PITTSFIELD