RIPLEY DOWNTOWN DEVELOPMENT CORP

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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

2007

Legal Domicile

Phone

7316354000

Tax Period

2024-07-01 to 2025-06-30

RIPLEY DOWNTOWN DEVELOPMENT CORP, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $698K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $509K, a strong 73% operating margin.

Mission

TO PROMOTE THE REDEVELOPMENT AND COMBAT COMMUNITY DETERIORATION IN THE DOWNTOWN RIPLEY TN AREA

Program Service Accomplishments

Program 1

Expenses: $188,605 Revenue: $697,567

TO PROMOTE THE REDEVELOPMENT AND COMBAT COMMUNITY DETERIORATION IN THE DOWNTOWN RIPLEY TN AREA

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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 $696,567

Program Service Revenue $0

Investment Income $0

Other Revenue $1,000

TOTAL REVENUE $697,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,604

Fundraising Expenses $0

Program Expenses $188,605

Other Expenses $130,001

TOTAL EXPENSES $188,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$697,567	$742,229	-0.1%
Expenses	$188,605	$656,292	-0.7%
Net Income	$508,962	$85,937	+4.9%

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	Role	Reportable Comp	Other Comp	Total
DAVID COVE	BOARD MBR	1.00	Director	$0	$0	$0
DON CONNELL	BOARD MBR	1.00	Director	$0	$0	$0
WILL DOUGLAS	BOARD MBR	1.00	Director	$0	$0	$0
DIANA THEUS	BOARD MBR	1.00	Director	$0	$0	$0
NORMAN HENDREN	BOARD MBR	1.00	Director	$0	$0	$0
MAURICE GAINES	BOARD MBR	1.00	Director	$0	$0	$0
DARIN KISSELL	BOARD MBR	1.00	Director	$0	$0	$0
DONNA BUCKNER	SEC	5.00	Officer	$0	$0	$0
CRAIG FITZHUGH	CHAIRMAN	1.00	Officer	$0	$0	$0
LEE JOHNSTON	DIRECTOR	40.00	Key Emp	$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
2025	$697,567	$188,605	$859,485	$508,962
2024	$742,229	$656,292	$223,931	$85,937
2022	$653,930	$600,240	$243,267	$53,690
2021	$631,778	$593,502	$189,606	$38,276
2019	$565,889	$606,104	$226,805	$-40,215