DOWNTOWN DEVELOPMENT CORPORATION

EIN: 310992627 501(c)(3) Community Improvement

LOUISVILLE, KY

Total Revenue
$1,853,066
Total Expenses
$1,872,864
Total Assets
$2,670,303
Net Assets
$2,197,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
KY
Principal Officer
REBECCA FLEISCHAKER
Phone
5025846000
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN DEVELOPMENT CORPORATION, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

DEVELOPING DOWNTOWN LOUISVILLE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $500,085
Program Service Revenue $1,315,885
Investment Income $37,096
Other Revenue $0
TOTAL REVENUE $1,853,066

Expense Breakdown

Grants Paid $78,625
Salaries & Benefits $0
Fundraising Expenses $22,293
Program Expenses $1,585,664
Other Expenses $1,794,239
TOTAL EXPENSES $1,872,864

Year-over-Year Comparison

2024 2023 Change
Revenue $1,853,066 $1,867,271 0.0%
Expenses $1,872,864 $1,962,155 0.0%
Net Income $-19,798 $-94,884 -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

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Governance

Voting Members
39
Independent Members
39
Employees
N/A
Volunteers
42

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
6
$0
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA FLEISCHAKER COUCH EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
JAMES ALLEN DIRECTOR 0.10
Director
$0 $0 $0
JECOREY ARTHUR EX-OFFICIO 0.10
Director
$0 $0 $0
KIM BAKER EX-OFFICIO 0.10
Director
$0 $0 $0
CLEO BATTLE EX-OFFICIO 0.10
Director
$0 $0 $0
JULIE BENTON DIRECTOR 0.10
Director
$0 $0 $0
DEBORAH A BILITSKI EX-OFFICIO 0.10
Director
$0 $0 $0
NIKKI CARVER DIRECTOR 0.10
Director
$0 $0 $0
CAROLLE JONES CLAY DIRECTOR 0.10
Director
$0 $0 $0
SARAH DAVASHER-WISDOM EX-OFFICIO 0.10
Director
$0 $0 $0
BENJAMIN DONLON EX-OFFICIO 0.10
Director
$0 $0 $0
DOUGLAS EDWARDS DIRECTOR 0.10
Director
$0 $0 $0
DEE FORD DIRECTOR 0.10
Director
$0 $0 $0
LESLIE GEOGHEGAN EX-OFFICIO 0.10
Director
$0 $0 $0
C EDWARD GLASSCOCK DIRECTOR 0.10
Director
$0 $0 $0
CRAIG GREENBERG EX-OFFICIO 0.10
Director
$0 $0 $0
ANDRE GUESS DIRECTOR 0.10
Director
$0 $0 $0
TY J HANDYPHD DIRECTOR 0.10
Director
$0 $0 $0
DAN HARTLAGE DIRECTOR 0.10
Director
$0 $0 $0
JILL HORN DIRECTOR 0.10
Director
$0 $0 $0
RYAN JORDAN DIRECTOR 0.10
Director
$0 $0 $0
CYNTHIA S KNAPEK DIRECTOR 0.10
Director
$0 $0 $0
ANDREW MARCHETTI DIRECTOR 0.10
Director
$0 $0 $0
JEFFREY A MCKENZIE DIRECTOR 0.10
Director
$0 $0 $0
STAN MOORE EX-OFFICIO 0.10
Director
$0 $0 $0
JEFF O'BRIEN EX-OFFICIO 0.10
Director
$0 $0 $0
HENRY M POTTER AIA DIRECTOR 0.10
Director
$0 $0 $0
MARY PUTMAN DIRECTOR 0.10
Director
$0 $0 $0
JORDAN REBER DIRECTOR, RESIGNED 2.26.24 0.10
$0 $0 $0
MATTHEW A RICKETTS DIRECTOR 0.10
Director
$0 $0 $0
LAURIE ANNE ROBERTS EX-OFFICIO, RESIGNED 9.25.24 0.10
$0 $0 $0
MARTY ROBERTS DIRECTOR 0.10
Director
$0 $0 $0
TONYA ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
TANELLE SAWYER EX-OFFICIO, RESIGNED 6.30.24 0.10
$0 $0 $0
KEITH M SHERMAN DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL B VINCENTI DIRECTOR 0.10
Director
$0 $0 $0
MARY CHRIS WHELAN DIRECTOR 0.10
Director
$0 $0 $0
RAELYN WOLFORD DIRECTOR 0.10
Director
$0 $0 $0
JAMES JA HILLEBRAND CHAIRMAN 0.50
Officer Director
$0 $0 $0
LANCE GILBERT VICE CHAIR/CHAIR ELECT 0.25
Officer Director
$0 $0 $0
RIGGS LEWIS VICE CHAIR 0.25
Officer Director
$0 $0 $0
CHRISTEN BOONE SECRETARY 0.25
Officer Director
$0 $0 $0
HAROLD WORKMAN TREASURER 0.25
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
2024 $1,853,066 $1,872,864 $2,670,303 $-19,798
2023 $1,867,271 $1,962,155 $2,855,319 $-94,884
2022 $1,635,538 $1,278,063 $2,498,000 $357,475
2021 $2,221,908 $1,322,535 $2,050,415 $899,373
2020 $602,603 $1,097,532 $1,293,273 $-494,929
2019 $1,298,142 $1,466,101 $1,672,364 $-167,959
2018 $1,528,241 $1,641,035 $1,812,557 $-112,794
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