DOWNTOWN INCORPORATED

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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

Phone

5627046909

Tax Period

2022-01-01 to 2022-12-31

DOWNTOWN INCORPORATED, founded in 2008, is a small nonprofit that reported $769K in total revenue in fiscal year 2022. Revenue surged 253% from the prior year, signaling strong growth momentum.

Mission

ENHANCE AND PROMOTE THE ECONOMIC INTERESTS OF DOWNTOWN SANTA ANA AS THE HISTORIC, CULTURAL AND COMMERCIAL HEART OF THE COMMUNITY OF SANTA ANA.

Program Service Accomplishments

Program 1

THE ORGANIZATION CONTINUED IT'S EFFORTS TO ASSIST THOSE BUSINESS ECONOMICALLY AFFECTED, AS WELL AS THOSE IMPACTED BY PUBLIC HEALTH REQUIREMENTS DURING THE COVID-19 PANDEMIC. ECONOMIC ENHANCEMENT FOR SANTA ANA DOWNTOWN'S ENTERPRISES BY HELPING EXISTING BUSINESSES EXPAND AND SHARPEN THEIR COMPETITIVENESS AND ATTRACT NEW BUSINESSES TO DOWNTOWN THROUGH CREATING A SAFE BUSINESS ENVIRONMENT BY PROVIDING SECURITY GUARDS WITHIN THE DOWNTOWN AREA.

Program 2

MARKETING AND PROMOTING THE IMAGE OF DOWNTOWN SANTA ANA AS THE CENTER OF COMMERCE, CULTURE AND COMMUNITY LIFE, TO ALL PROSPECTS INCLUDING SHOPPERS, INVESTORS, NEW BUSINESSES AND VISITORS THROUGH...

MARKETING AND PROMOTING THE IMAGE OF DOWNTOWN SANTA ANA AS THE CENTER OF COMMERCE, CULTURE AND COMMUNITY LIFE, TO ALL PROSPECTS INCLUDING SHOPPERS, INVESTORS, NEW BUSINESSES AND VISITORS THROUGH ADVERTISING, RETAIL PROMOTIONS, SPECIAL EVENTS AND MARKETING CAMPAIGNS.

Program 3

PHYSICAL ENHANCEMENT THROUGH CAPITALIZING THE BEST ASSETS OF DOWNTOWN SANTA ANA SUCH AS HISTORICAL STRUCTURES, CREATING AN INVITING ATMOSPHERE THROUGH WINDOW DISPLAYS, PARKING AREAS, SIDEWALKS...

PHYSICAL ENHANCEMENT THROUGH CAPITALIZING THE BEST ASSETS OF DOWNTOWN SANTA ANA SUCH AS HISTORICAL STRUCTURES, CREATING AN INVITING ATMOSPHERE THROUGH WINDOW DISPLAYS, PARKING AREAS, SIDEWALKS, SIGNS, STREET LIGHTS AND LANDSCAPING TO MAKE IT ATTRACTIVE TO SHOPPERS, INVESTORS, BUSINESS OWNERS AND VISITORS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $595,327

Program Service Revenue $173,555

Investment Income $0

Other Revenue $0

TOTAL REVENUE $768,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $786,107

TOTAL EXPENSES $786,107

Year-over-Year Comparison

	2022	2021	Change
Revenue	$768,882	$217,525	+2.5%
Expenses	$786,107	$313,124	+1.5%
Net Income	$-17,225	$-95,599	-0.8%

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

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
N/A	PRESIDENT	2.00	Officer Director	$0	$0	$0
EDDIE QUILLARES	VICE PRESIDE	2.00	Director	$0	$0	$0
NESTOR CORREA	TREASURER	2.00	Officer Director	$0	$0	$0
YVONNE FLORES	SECRETARY	2.00	Director	$0	$0	$0
JOHN CHEN	DIRECTOR	2.00	Director	$0	$0	$0
BIL SCHROEDER	DIRECTOR	2.00	Director	$0	$0	$0
LAMSON NGUYEN	DIRECTOR	2.00	Director	$0	$0	$0
OSCAR OLIVARES	DIRECTOR	2.00	Director	$0	$0	$0
GENE JIMENEZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MCCANN	DIRECTOR	2.00	Director	$0	$0	$0
VANESSA POZZOBON	DIRECTOR	2.00	Director	$0	$0	$0
DENISE REYNOSO	DIRECTOR	2.00	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
2022	$768,882	$786,107	$45,371	$-17,225
2021	$699,385	$689,635	$158,195	$9,750
2021	$217,525	$313,124	$62,596	$-95,599
2020	$875,164	$789,775	$148,445	$85,389
2019	$698,876	$711,606	$68,156	$-12,730
2018	$697,538	$687,393	$82,586	$10,145