KLAMATH FALLS DOWNTOWN ASSOCIATION (EIN 263926266) - 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

2008

Legal Domicile

Principal Officer

NICOLAS PHAIR

Phone

5415396212

Tax Period

2023-01-01 to 2023-12-31

KLAMATH FALLS DOWNTOWN ASSOCIATION, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $224K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 23% operating deficit.

Mission

DOWNTOWN REVITALIZATION FOR THE PROMOTION OF DOWNTOWN, DOWNTOWN EVENTS AND BUSINESS PROMOTION.

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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 $223,869

Program Service Revenue $0

Investment Income $257

Other Revenue $0

TOTAL REVENUE $224,126

Expense Breakdown

Grants Paid $75,624

Salaries & Benefits $48,093

Fundraising Expenses $0

Program Expenses $258,514

Other Expenses $152,595

TOTAL EXPENSES $276,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,126	$434,197	-0.5%
Expenses	$276,312	$333,830	-0.2%
Net Income	$-52,186	$100,367	-1.5%

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

$44,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL RUSSELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
MIKE ANGELI	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
NICOLAS PHAIR	TREASURER	10.00	Officer Director	$0	$0	$0
RAENA RODGERS	SECRETARY	10.00	Officer Director	$0	$0	$0
STACEY ELLINGSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH NELSON	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL BELL	DIRECTOR	1.00	Director	$0	$0	$0
AMY MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
KEEGEN MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
LORI STIEHR	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY COLDREN	DIRECTOR	1.00	Director	$0	$0	$0
BRIENNE HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE PAUL	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL BESAW	EXECUTIVE DIRECTOR	40.00	Officer	$44,440	$0	$44,440

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	$224,126	$276,312	$145,333	$-52,186
2022	$434,197	$333,830	$197,678	$100,367
2020	$272,741	$276,498	$82,508	$-3,757

KLAMATH FALLS DOWNTOWN ASSOCIATION