MUNCIE DOWNTOWN DEV PARTNERSHIP (EIN 352021943) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

GARRETT DOAN

Phone

7652886681

Tax Period

2025-01-01 to 2025-12-31

MUNCIE DOWNTOWN DEV PARTNERSHIP, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $609K in total revenue in fiscal year 2025. Expenses of $577K left a modest 5% surplus.

Mission

STIMULATE POSITIVE IMPROVEMENTS IN THE DEVELOPMENT OF DOWNTOWN MUNCIE, IN BY FACILITATING PUBLIC EVENTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $606,903

Program Service Revenue $0

Investment Income $0

Other Revenue $2,217

TOTAL REVENUE $609,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,562

Fundraising Expenses $0

Program Expenses $577,410

Other Expenses $399,848

TOTAL EXPENSES $577,410

Year-over-Year Comparison

	2025	2024	Change
Revenue	$609,120	$581,709	+0.0%
Expenses	$577,410	$564,418	+0.0%
Net Income	$31,710	$17,291	+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

Governance

Voting Members

Independent Members

Employees

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
ADAM UNGER	MEMBER	1.00	Director	$0	$0	$0
JEFF SCOTT	MEMBER	1.00	Director	$0	$0	$0
BRYAN AYARS	MEMBER	1.00	Director	$0	$0	$0
JOE BARR	MEMBER	1.00	Director	$0	$0	$0
CARL SHAFER	MEMBER	1.00	Director	$0	$0	$0
GARRETT DOAN	TREASURER	1.00	Officer	$0	$0	$0
WILL ISAACS	PRESIDENT	1.00	Officer	$0	$0	$0
VICKI VEACH	EXEC DIRECTOR	0.00	Key Emp	$0	$0	$0
JIM BORGMANN	SECRETARY	0.00	Officer	$0	$0	$0
TERRI MOORE	VICE PRESIDENT	0.00	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	$609,120	$577,410	$318,639	$31,710
2024	No data	No data	No data	No data
2023	$458,663	$477,649	$246,345	$-18,986
2022	$516,915	$504,582	$286,669	$12,333
2021	$296,593	$379,350	$287,512	$-82,757
2020	$377,205	$310,805	$370,169	$66,400
2018	$378,322	$394,579	$245,147	$-16,257

MUNCIE DOWNTOWN DEV PARTNERSHIP