DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION (EIN 364288709) - 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

1999

Legal Domicile

Principal Officer

ERIN VENEZIA

Phone

6307250991

Tax Period

2024-01-01 to 2024-12-31

DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $522K in total revenue in fiscal year 2024. Expenses of $445K left a modest 15% surplus.

Mission

PROMOTING THE DEVELOPMENT AND EXPANSION OF BUSINESS AND THE INCREASED VALUATION OF PROPERTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $416,005

Program Service Revenue $90,390

Investment Income $284

Other Revenue $15,151

TOTAL REVENUE $521,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,373

Fundraising Expenses $0

Other Expenses $299,163

TOTAL EXPENSES $444,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,830	$514,522	+0.0%
Expenses	$444,536	$418,838	+0.1%
Net Income	$77,294	$95,684	-0.2%

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

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

$98,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL STROMBERG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THERESA SCHULZ	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
KATHY BURNS	TREASURER	0.50	Officer Director	$0	$0	$0
GEOFF ANDERMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
SAM VLAHOS	DIRECTOR	0.50	Director	$0	$0	$0
ERIC BREZINA	DIRECTOR	0.50	Director	$0	$0	$0
TODD DAVIES	DIRECTOR	0.50	Director	$0	$0	$0
RON ROCCO	DIRECTOR	0.50	Director	$0	$0	$0
ERIN VENEZIA	EXECUTIVE DIRECTOR/MANAGER	40.00	Officer	$89,600	$8,400	$98,000

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	$521,830	$444,536	$547,521	$77,294
2023	$514,522	$418,838	$470,227	$95,684
2022	$478,456	$375,322	$374,543	$103,134
2021	$414,737	$355,365	$271,409	$59,372
2020	$288,229	$249,871	$233,455	$38,358
2020	$159,204	$180,992	$212,017	$-21,788

DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION