GALESBURG DOWNTOWN COUNCIL (EIN 371005211) - 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

1973

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

GALESBURG DOWNTOWN COUNCIL, founded in 1973, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 39% operating margin.

Mission

TO PRESERVE AND ENHANCE THE ECONOMIC VIABILITY AND AESTHETIC QUALITY OF DOWNTOWN GALESBURG

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $366

Other Revenue $209,204

TOTAL REVENUE $209,570

Expense Breakdown

Grants Paid $9,736

Salaries & Benefits $63,445

Fundraising Expenses $0

Program Expenses $38,306

Other Expenses $55,078

TOTAL EXPENSES $128,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,570	$157,052	+0.3%
Expenses	$128,259	$195,364	-0.3%
Net Income	$81,311	$-38,312	-3.1%

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
KATE BULLIS	DIRECTOR	0.00	Director	$0	$0	$0
SEAMUS REILLY	DIRECTOR	0.00	Director	$0	$0	$0
MIKE HOLLOWAY	DIRECTOR	0.00	Director	$0	$0	$0
JOE MANGIERI JR	DIRECTOR	0.00	Director	$0	$0	$0
JESSICA KETCHUM	DIRECTOR	0.00	Director	$0	$0	$0
PHIL DICKINSON	DIRECTOR	0.00	Director	$0	$0	$0
STEVE GERSTENBERGER	DIRECTOR	0.00	Director	$0	$0	$0
CARLA MARKWART	DIRECTOR	0.00	Director	$0	$0	$0
LAURIE PLUNK	DIRECTOR	0.00	Director	$0	$0	$0
GREG PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT BONDI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY BULLIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS L IRONS	SECRETARY	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	$209,570	$128,259	$291,267	$81,311
2022	$157,052	$195,364	$209,956	$-38,312
2021	$149,169	$210,235	$248,268	$-61,066
2020	$160,277	$138,528	$310,263	$21,749
2019	$181,806	$192,622	$288,487	$-10,816
2018	$174,657	$200,337	$299,484	$-25,680

GALESBURG DOWNTOWN COUNCIL