Downtown Merchants Corporation (EIN 223464174) - 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

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Downtown Merchants Corporation, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $440K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

Beautification and enhancement of area along rt 21 through the the downtown by participating in program which remove litter, power wash graffiti and paint over 185 buildings.

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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 $439,836

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $439,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,460

Fundraising Expenses $0

Program Expenses $438,993

Other Expenses $54,533

TOTAL EXPENSES $438,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,836	$332,226	+0.3%
Expenses	$438,993	$332,144	+0.3%
Net Income	$843	$82	+9.3%

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

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	Role	Reportable Comp	Other Comp	Total
Alex Canals	Board Member	Director	$0	$0	$0
Helen Ramos	Board Member	Director	$0	$0	$0
Rosa Ortiz	Board Member	Director	$0	$0	$0
Rafeal Cuellar	Vice Chair	Officer Director	$0	$0	$0
Servando Fernandez	Chair	Officer 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	$439,836	$438,993	$180,029	$843
2022	$332,226	$332,144	$45,129	$82
2021	$292,896	$297,203	$66,927	$-4,307
2020	$258,586	$258,249	$91,086	$337
2019	$308,677	$297,356	$65,431	$11,321
2018	$338,586	$337,997	$80,953	$589

Downtown Merchants Corporation