DIAMOND CITY PARTNERSHIP INC

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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

2001

Legal Domicile

Principal Officer

ROBERT BORWICK

Phone

5702089737

Tax Period

2023-01-01 to 2023-12-31

DIAMOND CITY PARTNERSHIP INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $669K in total revenue in fiscal year 2023. Expenses of $628K left a modest 6% surplus.

Mission

DIAMOND CITY PARTNERSHIP, INC. IS WILKES-BARRE'S DOWNTOWN REVITALIZATION ORGANIZATION: THE CARETAKER OF THE COMMUNITY'S VISION FOR DOWNTOWN WILKES-BARRE. THE ORGANIZATION'S DEFINED MISSION IS TO FORM AN ALLIANCE OF ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS IN ORDER TO PLAN AND IMPLEMENT REVITALIZATION STRATEGIES FOR AREAS LOCATED WITHIN THE CITY OF WILKES-BARRE, PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $512,445 Revenue: $274,222

TO ADMINISTER PROGRAMS AND SERVICES THAT FOCUSES ON CREATING NEW MARKETING AND BUSINESS DEVELOPMENT INITIATIVES THAT WOULD BUILD ON DIAMOND CITY PARTNERSHIP INC.'S EXISTING FOUNDATION OF "CLEAN AND SAFE" ACTIVITIES AND PROMOTE DOWNTOWN WILKES-BARRE CITY TO NEW AUDIENCES. TO PROVIDE ASSISTANCE TO THE CITY OF WILKES-BARRE, PA, IN CLEANING CITY STREETS AND SIDEWALKS AND PROVIDING EXTRA SECURITY. THIS PROGRAM IS BEING ACCOMPLISHED BY ADMINISTERING THE CITY'S BUSINESS IMPROVEMENT DISTRICT PROGRAM.

Program 2

Expenses: $1,000 Revenue: $0

RESIDENTIAL IMPROVEMENT PROGRAM.

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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 $394,349

Program Service Revenue $274,222

Investment Income $0

Other Revenue $0

TOTAL REVENUE $668,571

Expense Breakdown

Grants Paid $19,205

Salaries & Benefits $194,097

Fundraising Expenses $18,886

Program Expenses $513,445

Other Expenses $414,482

TOTAL EXPENSES $627,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,571	$679,754	0.0%
Expenses	$627,784	$576,400	+0.1%
Net Income	$40,787	$103,354	-0.6%

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

$113,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WOOD	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT BORWICK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES CASEY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES BARBER	TREASURER	1.00	Officer Director	$0	$0	$0
GREG BARROUK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN M BARROUK	DIRECTOR	1.00	Director	$0	$0	$0
JIM BELL	DIRECTOR	1.00	Director	$0	$0	$0
RUTH BORLAND	DIRECTOR	1.00	Director	$0	$0	$0
TONY BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
JOELL YARMEL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DOUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
GUS GENETTI	DIRECTOR	1.00	Director	$0	$0	$0
V SCOTT KOERWER	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOLLEY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM JONES	DIRECTOR	1.00	Director	$0	$0	$0
JANET KOBYLSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MADAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MALTA	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MARQUIS	DIRECTOR	1.00	Director	$0	$0	$0
JACK MCNULTY	DIRECTOR	1.00	Director	$0	$0	$0
KERRY MISCAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
TERI OOMS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA PARKS	DIRECTOR	1.00	Director	$0	$0	$0
ZUBEEN SAEED	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ZANICKY	DIRECTOR	1.00	Director	$0	$0	$0
JOEL ZITOFSKY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY NEWMAN	EXECUTIVE DIRECTOR	40.00	Officer	$113,297	$0	$113,297

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	$668,571	$627,784	$285,895	$40,787
2022	$679,754	$576,400	$245,379	$103,354
2021	$541,886	$519,800	$158,852	$22,086
2020	$417,520	$438,320	$153,632	$-20,800
2019	$340,381	$370,907	$148,686	$-30,526