HOPEWELL DOWNTOWN PARTNERSHIP INC (EIN 261282648) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

DREW DAYBERRY

Phone

8044464847

Tax Period

2024-01-01 to 2024-12-31

HOPEWELL DOWNTOWN PARTNERSHIP INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $618K in total revenue in fiscal year 2024. Revenue surged 256% from the prior year, signaling strong growth momentum. The organization ran a surplus of $240K, a strong 39% operating margin.

Mission

TO PROMOTE AND ASSIST DOWNTOWN DISTRICT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $226,250

Program Service Revenue $391,328

Investment Income $0

Other Revenue $0

TOTAL REVENUE $617,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,199

Fundraising Expenses $89,481

Program Expenses $120,548

Other Expenses $228,329

TOTAL EXPENSES $377,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,578	$173,366	+2.6%
Expenses	$377,504	$208,278	+0.8%
Net Income	$240,074	$-34,912	-7.9%

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	Hours/Week	Reportable Comp	Other Comp	Total
RITA JOYNER	PRESIDENT	1	$0	$0	$0
MEREDITH DEAN	VICE PRESIDENT	1	$0	$0	$0
BETTY WARE	SECRETARY	1	$0	$0	$0
CRISTINA LUMAN BAILEY	OFFICER	1	$0	$0	$0
MARY FRENCH ELDER	OFFICER	1	$0	$0	$0
CRYSTAL BENJAMIN	OFFICER	1	$0	$0	$0
MARY CALOS	OFFICER	1	$0	$0	$0
KATHY ASH	DIRECTOR	1	$0	$0	$0
JANICE BUTTERWORTH	DIRECTOR	1	$0	$0	$0
VIRGINIA GUM	OFFICER	1	$0	$0	$0
MICHAEL MOORE	OFFICER	1	$0	$0	$0
REBECCA REDLING	OFFICER	1	$0	$0	$0
BRIAN MANNING	OFFICER	1	$0	$0	$0
DREW DAYBERRY	BOARD CHAIRMAN	1	$3,000	$0	$3,000

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
2025	No data	No data	No data	No data
2024	$617,578	$377,504	$348,971	$240,074

HOPEWELL DOWNTOWN PARTNERSHIP INC