DOWNTOWN DUNN DEVELOPMENT CORPORAT… - Form 990 Financial Data

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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

Principal Officer

JOHN D SNIPES

Tax Period

2023-07-01 to 2024-06-30

DOWNTOWN DUNN DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 62% operating margin.

Mission

PROVIDE ECONOMIC DEVELOPMENT FOR THE DOWNTOWN AREA OF DUNN, NC.

Program Service Accomplishments

Program 1

Expenses: $162,779 Revenue: $82,735

PROVIDE PLANNING, DESIGN, PROMOTION, ECONOMIC RESTRUCTURING AND AN OVERALL REBIRTH OF THE CITY OF DUNN DOWNTOWN DISTRICT THROUGH BEAUTIFICATION, SPONSORSHIPS AND EVENTS.

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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 $327,967

Program Service Revenue $82,735

Investment Income $7,046

Other Revenue $8,912

TOTAL REVENUE $426,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,779

Other Expenses $162,779

TOTAL EXPENSES $162,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$426,660	$259,852	+0.6%
Expenses	$162,779	$190,237	-0.1%
Net Income	$263,881	$69,615	+2.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA ALPHIN	TREASURER	N/A	Officer Director	$0	$0	$0
TRENT CARPENTER	DIRECTOR	N/A	Director	$0	$0	$0
MARK EASON	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM ELMORE	DIRECTOR	N/A	Director	$0	$0	$0
JACOB GODWIN	DIRECTOR	N/A	Director	$0	$0	$0
LYNN GODWIN	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN D SNIPES	PRESIDENT	N/A	Officer Director	$0	$0	$0
HOPE TYNDALL	DIRECTOR	N/A	Director	$0	$0	$0
DON WOOD	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	$426,660	$162,779	$1,018,253	$263,881
2023	$259,852	$190,237	$753,385	$69,615
2022	$121,165	$33,916	$683,976	$87,249
2021	$549,910	$27,982	$537,891	$521,928

DOWNTOWN DUNN DEVELOPMENT CORPORATION