DOWNTOWN ANNAPOLIS PARTNERSHIP INC

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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

2009

Legal Domicile

Principal Officer

MATTHEW SCHATZLE

Phone

4102798603

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN ANNAPOLIS PARTNERSHIP INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $183K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $177K left a modest 4% surplus.

Mission

THE DOWNTOWN ANNAPOLIS PARTNERSHIP IS A NON-PROFIT 501 C 3 CHARITABLE ORGANIZATION, WITH A MISSION TO SUSTAIN AND STRENGTHEN THE ANNAPOLIS BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $165,071 Revenue: $23,745

THE MISSION OF THE DOWNTOWN ANNAPOLIS PARTNERSHIP IS TO STRENGTHEN AND SUSTAIN LOCAL BUSINESSES, RECOGNIZING THAT A VIBRANT AND HEALTHY BUSINESS COMMUNITY IS ESSENTIAL TO THE ECONOMIC SUCCESS OF THE CITY. DOWNTOWN ANNAPOLIS PARTNERSHIP ASSISTS LOCAL BUSINESSES IN CREATING AN ECONOMICALLY VITAL DOWNTOWN AND UNIQUE ANNAPOLIS EXPERIENCE BY DELIVERING EXCITING PROGRAMS TO DRAW RESIDENTS AND VISITORS INTO OUR LOCAL RETAIL STORES, RESTAURANTS AND ART GALLERIES.

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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 $159,615

Program Service Revenue $23,745

Investment Income $0

Other Revenue $55

TOTAL REVENUE $183,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,071

Other Expenses $176,631

TOTAL EXPENSES $176,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,415	$150,481	+0.2%
Expenses	$176,631	$242,812	-0.3%
Net Income	$6,784	$-92,331	-1.1%

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK EVANS	EXECUTIVE DIRECTOR	040.00	Officer	$75,000	$0	$75,000
MATT SCHATZLE	CHAIRMAN/TREASURER	001.00	Director	$0	$0	$0
JUDY BUDDENSICK	SECRETARY	001.00	Director	$0	$0	$0
STEVEN SAMARAS	PAST CHAIRMAN	001.00	Director	$0	$0	$0
CINDY RADULOVICH	DIRECTOR	001.00	Director	$0	$0	$0
CHRIS PETRACCO	DIRECTOR	001.00	Director	$0	$0	$0
MIRIAM STANICIC	DIRECTOR	001.00	Director	$0	$0	$0
JERRAY SLOCUM	DIRECTOR	001.00	Director	$0	$0	$0
CHARA HUTZEL	DIRECTOR	001.00	Director	$0	$0	$0
ROYAL BUNDY	DIRECTOR	001.00	Director	$0	$0	$0
HOPE STEWART	DIRECTOR	001.00	Director	$0	$0	$0
PETER NESBETT	DIRECTOR	001.00	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	$183,415	$176,631	$69,218	$6,784
2024	No data	No data	No data	No data
2023	$332,581	$273,943	$154,765	$58,638
2022	$156,283	$192,361	$96,127	$-36,078
2021	$542,864	$462,120	$132,205	$80,744