Downtown Akron Special Improvement… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

Sean Vollman

Phone

3303747676

Tax Period

2024-07-01 to 2025-06-30

Downtown Akron Special Improvement District Inc, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum.

Mission

Provide resources for continued investment and development of the Downtown Akron area.

Program Service Accomplishments

Program 1

Expenses: $1,581,481 Revenue: $1,584,565

Service plan managed by Downtown Akron Partnership. It is made up of three components. They are clean, safe & vibrant, marketing & promotions and stakeholder services.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,576,477

Program Service Revenue $0

Investment Income $3,088

Other Revenue $5,000

TOTAL REVENUE $1,584,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,581,481

Other Expenses $1,581,481

TOTAL EXPENSES $1,581,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,584,565	$711,827	+1.2%
Expenses	$1,581,481	$715,608	+1.2%
Net Income	$3,084	$-3,781	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

120

Independent Members

120

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	Director	1.00	Director	$0	$0	$0
N/A	Director	1.00	Officer Director	$0	$0	$0
N/A	Treasurer	1.00	Officer Director	$0	$0	$0
N/A	Secretary	1.00	Officer Director	$0	$0	$0
N/A	Director	1.00	Director	$0	$0	$0
N/A	Chair	1.00	Director	$0	$0	$0
N/A	Director	1.00	Director	$0	$0	$0
N/A	Director	1.00	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	$1,584,565	$1,581,481	$14,793	$3,084
2024	$711,827	$715,608	$11,709	$-3,781
2023	$750,662	$743,114	$15,490	$7,548
2022	$692,920	$695,560	$7,942	$-2,640
2021	$721,895	$730,484	$10,582	$-8,589
2020	$1,251,831	$1,245,550	No data	$6,281
2019	$678,580	$678,000	No data	$580

Downtown Akron Special Improvement District Inc