THE DISTRICT INC

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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

1992

Legal Domicile

Principal Officer

KYLE PETERS

Phone

3097946711

Tax Period

2018-01-01 to 2018-12-31

THE DISTRICT INC, founded in 1992, is a micro nonprofit that reported $91K in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year.

Mission

THE DISTRICT IS A NON-PROFIT MERCHANTS' ASSOCIATION DEDICATED TO THE REVITALIZATION OF DOWNTOWN ROCK ISLAND. IN 1992, BUSINESSES BANDED TOGETHER TO REVITALIZE DOWNTOWN ROCK ISLAND - TO MAKE IT THE ARTS & ENTERTAINMENT DESTINATION OF THE REGION.

Program Service Accomplishments

Program 1

Expenses: $89,135 Revenue: $42,052

THE DISTRICT'S MISSION IS TO MAKE DOWNTOWN ROCK ISLAND A CREATIVE AND INNOVATIVE EXPERIENCE. TO DO THIS, THE DISTRICT DIRECTS AND MANAGES A SERIES OF COMMUNITY EVENTS. THE DISTRICT PRODUCES TWO...

THE DISTRICT'S MISSION IS TO MAKE DOWNTOWN ROCK ISLAND A CREATIVE AND INNOVATIVE EXPERIENCE. TO DO THIS, THE DISTRICT DIRECTS AND MANAGES A SERIES OF COMMUNITY EVENTS. THE DISTRICT PRODUCES TWO PRIMARY REVENUE GENERATING COMMUNITY FESTIVALS: GUMBO YA YA, WHICH CELEBRATES LOUISIANA CULTURE AND YA MAKA MY WEEKEND, A CARIBBEAN FESTIVAL. THE DISTRICT ALSO PARTNERS WITH A SPORTS THEMED FESTIVAL, THE ROCK ISLAND GRAND PRIX. THE ROCK ISLAND GRAND PRIX RACING ASSOCIATION BRINGS KNOWLEDGE OF KART RACING AND THE DISTRICT PROVIDES THE LOGISTICS AND FESTIVAL EXPERTISE AND ALSO ACTS AS A LIAISON WITH THE DOWNTOWN BUSINESSES. THIS PARTNERSHIP ALLOWS THE DISTRICT TO BRING A HIGH QUALITY FESTIVAL TO THE COMMUNITY AND INCREASES PUBLIC AWARENESS OF OUR DOWNTOWN. THIS EVENT IS FREE TO THE PUBLIC.

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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 (2018)

Revenue Breakdown

Contributions & Grants $48,650

Program Service Revenue $42,052

Investment Income $0

Other Revenue $0

TOTAL REVENUE $90,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,135

Other Expenses $89,135

TOTAL EXPENSES $89,135

Year-over-Year Comparison

	2018	2017	Change
Revenue	$90,702	$111,074	-0.2%
Expenses	$89,135	$90,280	0.0%
Net Income	$1,567	$20,794	-0.9%

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

N/A

Volunteers

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

$26,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT HITCHCOCK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BILL RENK	DIRECTOR	1.00	Director	$0	$0	$0
JAN MASAMOTO	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE DERUDDER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KYLE PETERS	TREASURER	1.00	Officer Director	$0	$0	$0
SHELLY DINGELDEIN	DIRECTOR	1.00	Director	$0	$0	$0
DAWN WOHLFORD-METALLO	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER POOLE	DIRECTOR	1.00	Director	$0	$0	$0
ERIK READER	EXECUTIVE DIRECTOR	20.00	Officer	$23,484	$3,278	$26,762

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
2018	$90,702	$89,135	No data	$1,567