DOWNTOWN STATE COLLEGE IMPROVEMENT DISTRICT INC (EIN 260022986) - 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

2002

Legal Domicile

Principal Officer

LEE ANNE JEFFRIES

Phone

8142387004

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN STATE COLLEGE IMPROVEMENT DISTRICT INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $779K in total revenue in fiscal year 2024.

Mission

THE DOWNTOWN STATE COLLEGE IMPROVEMENT DISTRICT IS DEDICATED TO CREATING AND PROMOTING DOWNTOWN STATE COLLEGE AS A WELCOMING AND VIBRANT DESTINATION FOR ALL. WE DEVELOP COMMUNITY EVENTS, PROGRAMS AND INITIATIVES; WE ADVANCE PHYSICAL IMRPOVEMENTS, CREATIVE PLACEMAKING AND CLEAN INVITING STREETSCAPES; WE ARE A TRUSTED RESOURCE FOR OUR CONSTITUENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $160,667

Program Service Revenue $582,953

Investment Income $35,107

Other Revenue $0

TOTAL REVENUE $778,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $340,509

Fundraising Expenses $3,487

Program Expenses $784,148

Other Expenses $461,184

TOTAL EXPENSES $801,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$778,727	$770,191	+0.0%
Expenses	$801,693	$672,454	+0.2%
Net Income	$-22,966	$97,737	-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

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

$106,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON HERLOCHER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRIAN COHEN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN FRIEDMAN	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHRIS MCKEE	TREASURER	2.00	Officer Director	$0	$0	$0
AL PRINGLE	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY BRANDEIS	DIRECTOR	1.00	Director	$0	$0	$0
JILL ROSENFELD	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY JONES	DIRECTOR	1.00	Director	$0	$0	$0
JULIAN MORALES	DIRECTOR	1.00	Director	$0	$0	$0
EZRA NANES	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS SHULMAN	DIRECTOR	1.00	Director	$0	$0	$0
LEE ANNE JEFFRIES	EXECUTIVE DIRECTOR	40.00	Officer	$91,492	$15,498	$106,990

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	$778,727	$801,693	$729,240	$-22,966
2023	$770,191	$672,454	$775,501	$97,737
2022	$700,052	$545,003	$637,080	$155,049
2021	$651,701	$493,387	$501,721	$158,314
2020	$528,232	$545,995	$407,301	$-17,763
2019	$544,080	$542,095	$351,478	$1,985
2018	$495,647	$504,759	$341,625	$-9,112

DOWNTOWN STATE COLLEGE IMPROVEMENT DISTRICT INC