DOWNTOWN SOUTH BEND INC

🔒

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

1982

Legal Domicile

Principal Officer

WILLOW WETHERALL

Phone

5742821110

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN SOUTH BEND INC, founded in 1982, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

DOWNTOWN SOUTH BEND, INC. IS COMMITTED TO THE ADVANCEMENT AND VITALITY OF DOWNTOWN THROUGH OFFERING BUSINESS RESOURCES, SUPPORT, INITIATIVES, AND INCENTIVES; PRESENTING MARKETING AND EVENTS TO ATTRACT VISITORS; AND HIGHLIGHTING DOWNTOWN AS THE CENTER FOR ARTS, DINING, AND ENTERTAINMENT.

Program Service Accomplishments

Program 1

DTSB HOSTED 11 RIBBON CUTTINGS AND WELCOMED 13 NEW BUSINESS OPENINGS. 69% WERE WOMEN OR MINORITY-OWNED WITH AN ESTIMATED 42 NEW JOBS CREATED IN 2023. WE PROVIDED OPPORTUNITIES FOR 400% MORE LOCAL...

DTSB HOSTED 11 RIBBON CUTTINGS AND WELCOMED 13 NEW BUSINESS OPENINGS. 69% WERE WOMEN OR MINORITY-OWNED WITH AN ESTIMATED 42 NEW JOBS CREATED IN 2023. WE PROVIDED OPPORTUNITIES FOR 400% MORE LOCAL BUSINESSES AT FIRST FRIDAYS MARKETS. WE PLANNED, PROMOTED, AND IMPLEMENTED 76 TOTAL EVENTS IN 2023, ENGAGING OVER 90,000 ATTENDEES. WE FACILITATED 2,000+ HOURS OF DEDICATED DOWNTOWN SAFETY PATROLS. WE PARTNERED WITH MURAL MANIA TO BEAUTIFY OUR CITY CENTER WITH 8 NEW MURALS. WE CATALYZED 600K+ IN NEW INVESTMENT VIA OUR EXTERIOR ENHANCEMENT GRANTS, WITH 9 GRANTS AWARDED IN 2023 AND 3 PROJECTS COMPLETED FROM 2022. WE EXPANDED RIVERFRONT LIQUOR LICENSE BOUNDARIES TO HELP MORE SMALL BUSINESSES. WE WORKED WITH SMALL- SCALE DEVELOPERS TO ADVANCE THE REVITALIZATION OF 15 LONG-VACANT BUILDINGS. WE INFUSED LIFE AND COLOR DOWNTOWN WITH 6,271 ANNUAL & PERENNIAL FLOWERS & PLANTS. WE PROMOTED DOWNTOWN EVENTS & BUSINESSES TO 723,500 PEOPLE VIA SOCIAL MEDIA CHANNELS & OUR WEBSITE. STREET-LEVEL SOLUTIONS THROUGH THE AMBASSADOR PROGRAM CLOCKED OVER 5,882 CLEANING HOURS, 434 SAFETY HOURS, 309 SPECIAL EVENT HOURS, 560 SEASONAL PROJECT HOURS, 145 DELIVERY HOURS, AND 166 SNOW REMOVAL HOURS, AND REMOVED 197,679 POUNDS OF TRASH, PERFORMED WEED REMOVAL IN 177 BLOCKS, WATERED FLOWERS USING 44,641 GALLONS OF WATER AND PERFORMED 20,645 HOSPITALITY ASSISTS. OUR OUTREACH AMBASSADOR PROVIDED LIFE-CHANGING AND LIFE-SAVING OUTREACH TO THE HOMELESS AND ENGAGED IN 1,078 INTERACTIONS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $1,113,511

Program Service Revenue $190,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,303,911

Expense Breakdown

Grants Paid $173,802

Salaries & Benefits $378,435

Fundraising Expenses $57,024

Other Expenses $757,245

TOTAL EXPENSES $1,309,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,303,911	$918,023	+0.4%
Expenses	$1,309,482	$926,391	+0.4%
Net Income	$-5,571	$-8,368	-0.3%

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

Independent Members

Employees

Volunteers

245

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

$144,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLOW WETHERALL	EXEC DIRECTO	39.00	Officer	$97,500	$0	$97,500
MONICA ABAIR	ACCOUNTANT (	19.00	Officer	$11,794	$0	$11,794
AMANDA HARRIS	ACCOUNTANT (	19.00	Officer	$35,139	$0	$35,139
CALVIN JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
JEANNE SKELTON	DIRECTOR	0.50	Director	$0	$0	$0
JOAN MCCLENDON	DIRECTOR	0.50	Director	$0	$0	$0
BRAD EMBERTON	DIRECTOR	0.50	Director	$0	$0	$0
MATT GRAY	DIRECTOR	0.10	Director	$0	$0	$0
JOHN JESSEN	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS BARTH	DIRECTOR	0.50	Director	$0	$0	$0
ANGIE DVORAK	DIRECTOR	0.50	Director	$0	$0	$0
MARY DOWNES	DIRECTOR	0.50	Director	$0	$0	$0
AARON PERRI	DIRECTOR	0.50	Director	$0	$0	$0
TIM SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT RUSZKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
LINDSAY HORNER	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK MCGUIRE	DIRECTOR	0.50	Director	$0	$0	$0
CALEB BAUER	DIRECTOR	0.50	Director	$0	$0	$0
JEFF JARNECKE	DIRECTOR	0.50	Director	$0	$0	$0
GWEN O'BRIEN	DIRECTOR	0.50	Director	$0	$0	$0
SARAH KUHNY	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK MCDONNELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN SMOGOR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DANIELLE MEERSMAN	TREASURER	1.00	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	No data	No data	No data	No data
2023	$1,303,911	$1,309,482	$609,149	$-5,571
2022	$918,023	$926,391	$571,611	$-8,368
2021	$654,026	$557,373	$521,278	$96,653
2020	$863,408	$928,671	$311,984	$-65,263
2019	$1,095,806	$1,095,214	$380,358	$592
2018	$1,104,486	$1,129,048	$399,538	$-24,562