Downtown Glendale Association

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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

2012

Legal Domicile

Principal Officer

RANDY STEVENSON

Phone

8184760121

Tax Period

2023-12-01 to 2024-11-30

Downtown Glendale Association, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THIS CORPORATION IS TO SUPPORT THE EFFORTS OF THE CITY OF GLENDALE THROUGH THE OPERATION OF THE DOWNTOWN GLENDALE COMMUNITY BENEFIT DISTRICT TO REVITALIZE THE COMMUNITY THROUGH BEAUTIFICATION OF PUBLIC AREAS, PROMOTION OF PUBLIC SAFETY, ORGANIZATION OF EDUCATIONAL AND CULTURAL EVENTS, AND STIMULATION OF COMMUNITY IMPROVEMENT.

Program Service Accomplishments

Program 1

Expenses: $994,911

SOBO: SIDEWALK OPERATION, BEAUTIFICATION AND ORDER PROGRAM DEALS WITH MAINTENANCE OF THE DOWNTOWN GLENDALE BUSINESS DISTRICT. THE SOBO COMITTEE OVERSEES MAINTENANCE CONTRACTS INVOLVED IN THE...

SOBO: SIDEWALK OPERATION, BEAUTIFICATION AND ORDER PROGRAM DEALS WITH MAINTENANCE OF THE DOWNTOWN GLENDALE BUSINESS DISTRICT. THE SOBO COMITTEE OVERSEES MAINTENANCE CONTRACTS INVOLVED IN THE IMPROVEMENT OF THE PUBLIC'S RIGHT OF WAY INCLUDING SIDEWALK SWEEPING, STEAM CLEANING, LANDSCAPING, AND PRIVATE SECURITY. EXPENSES INCLUDE:MAINTENANCE PROVIDER 840,000MISCELLANEOUS 53,161 REPAIRS AND MAINTENANCE 4,597PUBLIC SPACE MAINTENANCE 16,306RENT 28,979UNIFORMS 5,456SUPPLIES 15,533FUEL & MAINTENANCE 26,580AUTO INSURANCE 3,847

Program 2

Expenses: $266,040

DISI: DISTRICT IDENTITY AND STREETSCAPE IMPROVEMENTS ARE AIMED TO PROMOTE POSITIVE ASPECTS OF THE DOWNTOWN GLENDALE COMMUNITY BENEFIT DISTRICT THROUGH BRANDING, PUBLIC RELATIONS, NEWSLETTER, SPECIAL EVENTS, WEBISTE DEVELOPMENT, BANNER PROGRAM, STREETSCAPE DESIGN ISSUES AND PUBLIC SPACE PROJECTS AND IMPROVEMENTS. EXPENSES INCLUDE:ADVERTISING 9,467BANNERS 18,618BUSINESS ATTRACTION 500 LEASE AND RENTAL 14,238 PUBLIC RELATIONS 43,200PUBLIC SPACE MAINTENANCE 50,378 SEASONAL DISPLAYS 80,808SPECIAL EVENTS 36,725SPECIAL PROJECTS 1,185MISCELLANEOUS 841 TELEPHONE 3,000WEBSITE 7,080

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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 $0

Program Service Revenue $1,606,266

Investment Income $580

Other Revenue $0

TOTAL REVENUE $1,606,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,260,951

Other Expenses $1,560,791

TOTAL EXPENSES $1,560,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,606,846	$1,388,536	+0.2%
Expenses	$1,560,791	$1,530,450	+0.0%
Net Income	$46,055	$-141,914	-1.3%

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

N/A

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
RICK LEMMO	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
RAUL PORTO	Vice President	2.00	Officer Director	$0	$0	$0
BRADLEY CALVERT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
HELEN MCDONAGH	Secretary	5.00	Officer Director	$0	$0	$0
RANDY STEVENSON	President	2.00	Officer Director	$0	$0	$0
JUDY KENDALL	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
STEVEN SAYERS	BOARD MEMEBR	2.00	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	$1,606,846	$1,560,791	$554,815	$46,055
2023	$1,388,536	$1,530,450	$508,760	$-141,914
2022	$1,583,621	$1,464,800	$650,674	$118,821
2021	$1,466,718	$1,272,744	$531,853	$193,974
2020	$1,450,583	$1,312,275	$337,879	$138,308
2019	$1,457,601	$1,325,990	$199,571	$131,611
2018	$927,429	$1,001,222	$67,960	$-73,793