DOWNTOWN ARTS DISTRICT 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

2002

Legal Domicile

Principal Officer

BARBARA HARTLEY

Phone

4076487060

Tax Period

2023-10-01 to 2024-09-30

DOWNTOWN ARTS DISTRICT INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $420K, a strong 34% operating margin.

Mission

TO LEAD, STIMULATE AND GUIDE THE DEVELOPMENT OF A VIBRANT, INNOVATIVE ARTS AND CULTURAL DISTRICT THAT ENHANCES ECONOMIC DEVELOPMENT IN DOWNTOWN ORLANDO.

Program Service Accomplishments

Program 1

Expenses: $726,622 Revenue: $113,943

SUPPORT ART GROUPS BY DEVELOPING OPPORTUNITIES TO LEASE SPACE IN DOWNTOWN ORLANDO AND TO PROMOTE DEVELOPMENT OF ARTS AND CULTURE IN DOWNTOWN ORLANDO.

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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 $1,122,262

Program Service Revenue $113,943

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,236,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,069

Fundraising Expenses $39,255

Program Expenses $726,622

Other Expenses $564,178

TOTAL EXPENSES $816,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,236,205	$1,273,860	0.0%
Expenses	$816,247	$867,988	-0.1%
Net Income	$419,958	$405,872	+0.0%

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

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

$76,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA HARTLEY	EXECUTIVE DIRECTOR	40.00	Director	$76,034	$0	$76,034
CAROL BURKETT	BOARD MEMBER	0.25	Director	$0	$0	$0
DONNA DOWLESS	BOARD MEMBER	0.25	Director	$0	$0	$0
MAHESH CHADDAH	BOARD MEMBER	0.25	Director	$0	$0	$0
MARCIA HOPE GOODWIN	CITY OF ORLANDO LIASON	0.25	Director	$0	$0	$0
MEL TAYLOR	BOARD MEMBER	0.25	Director	$0	$0	$0
PAUL SKOMSKY	BOARD MEMBER	0.25	Director	$0	$0	$0
VENNIA V FRANCOIS	BOARD MEMBER	0.25	Director	$0	$0	$0
JAISON RADCLIFF	BOARD MEMBER	0.25	Director	$0	$0	$0
ROB ALLEN	BOARD MEMBER	0.25	Director	$0	$0	$0
FLYNN DOBBS	IMMEDIATE PAST CHAIR	1.00	Officer	$0	$0	$0
KYLE STURLEY	CHAIR	1.00	Officer	$0	$0	$0
DANNY BETANCOURT	VICE CHAIR	0.25	Officer	$0	$0	$0
HEATHER DARTEZ	TRESURER	0.25	Officer	$0	$0	$0
CASEY HALL	SECRETARY	0.25	Officer	$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	$1,236,205	$816,247	$1,201,148	$419,958
2023	$1,273,860	$867,988	$781,333	$405,872
2022	$814,334	$798,865	$381,144	$15,469
2021	$681,705	$759,933	$489,739	$-78,228
2020	$941,805	$927,147	$730,192	$14,658
2019	$873,807	$1,065,004	$742,559	$-191,197
2018	$856,270	$978,532	$605,150	$-122,262