WAUKESHA DOWNTOWN BUSINESS ASSOC I… - Form 990 Financial Data

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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

2023

Principal Officer

CHRIS JANET

Phone

2625219935

Tax Period

2023-01-01 to 2023-12-31

WAUKESHA DOWNTOWN BUSINESS ASSOC INC, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $10K in total revenue in fiscal year 2023. Expenses of $23K exceeded revenue, resulting in a 134% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE A VIBRANT BUSINESS COMMUNITY PHYSICALLY LOCATED IN THE STREETS OFDOWNTOWN WAUKESHA, WISCONSIN; TO ENCOURAGE INVOLVEMENT AND BUILD LEADERSHIP IN DOWNTOWN WAUKESHA TO CREATE A SUSTAINABLE ORGANIZATION THAT PLANS AND DELIVERS THE VISIONARY OBJECTIVES OF ITS MEMBERSHIP; TO DRIVE THE POSITIVE MESSAGE THAT WAUKESHA IS A NEW AND CHANGING ENVIRONMENT WHICH ENCOURAGES PEOPLE OUTSIDE THE COMMUNITY AND MEMBERS OF THE COMMUNITY TO COME EXPERIENCE DOWNTOWN WAUKESHA; TO BUILD BUSINESS EXCITEMENT BY DEVELOPING EVENTS AND OPPORTUNITIES USING OUR COLLECTIVE IMAGINATIONS; TO IMPLEMENT A FULL CALENDAR OF EVENTS MAKING DOWNTOWN WAUKESHA THE PLACE TO BE; TO UTILIZE OUR RESOURCES OF CULTURE, HISTORY, AESTHETICS, THE RIVER WALK, AND PEOPLE; TO DEVELOP A SENSE OF ENJOYMENT IN THE COMMUNITY THROUGH THE MERCHANTS,SERVICES, ASSOCIATIONS, PATRONS, AND INSTITUTIONS.

Program Service Accomplishments

Program 1

THE WAUKESHA DOWNTOWN BUSINESS ASSOCIATION HOSTS THE WAUKESHA FARMERS MARKET FROM MAY THROUGH OCTOBER EACH YEAR IN THE WAUKESHA STATE BANK PARKING LOT. THE FARMER'S MARKET BRINGS THOUSANDS OF...

THE WAUKESHA DOWNTOWN BUSINESS ASSOCIATION HOSTS THE WAUKESHA FARMERS MARKET FROM MAY THROUGH OCTOBER EACH YEAR IN THE WAUKESHA STATE BANK PARKING LOT. THE FARMER'S MARKET BRINGS THOUSANDS OF SHOPPERS TO DOWNTOWN WAUKESHA, WISCONSIN EVERY SATURDAY MORNING FROM 8 AM - NOON, WITH OVER 100 VENDORS PARTICIPATING DURING THE PEAK SEASON.

Program 2

THE WAUKESHA DOWNTOWN BUSINESS ASSOCIATION HOSTS FRIDAY NIGHT LIVE WHICH INCLUDES TWELVE WEEKS OF ENTERTAINMENT HELD FROM JUNE THROUGH AUGUST EACH YEAR BRINGING THOUSANDS OF SHOPPERS TO DOWNTOWN...

THE WAUKESHA DOWNTOWN BUSINESS ASSOCIATION HOSTS FRIDAY NIGHT LIVE WHICH INCLUDES TWELVE WEEKS OF ENTERTAINMENT HELD FROM JUNE THROUGH AUGUST EACH YEAR BRINGING THOUSANDS OF SHOPPERS TO DOWNTOWN WAUKESHA, WISCONSIN. THE STREETS IN DOWNTOWN WAUKESHA ARE CLOSED OFF AND EIGHT STAGES HOST PERFORMANCES FROM 6:30 PM TO 9:00PM EVERY SUMMER FRIDAY EXCEPT THE 4TH OF JULY WEEKEND.

Program 3

THE WAUKESHA DOWNTOWN BUSINESS ASSOCIATION HOSTS HOLIDAY ACTIVITIES IN DOWNTOWN WAUKESHA, WISCONSIN, DURING THE MONTH OF DECEMBER INCLUDING THE WAUKESHA TREE LIGHTING CEREMONY, LANTERN STROLL...

THE WAUKESHA DOWNTOWN BUSINESS ASSOCIATION HOSTS HOLIDAY ACTIVITIES IN DOWNTOWN WAUKESHA, WISCONSIN, DURING THE MONTH OF DECEMBER INCLUDING THE WAUKESHA TREE LIGHTING CEREMONY, LANTERN STROLL, HORSE-DRAWN CARRIAGE RIDES, LIVE REINDEER, LETTERS TO SANTA, PICTURES WITH SANTA, HOLIDAY SIDEWALK CUT-OUT CHARACTERS AND STROLLING CAROLERS. THESE ACTIVITIES BRING THOUSANDS OF SHOPPERS TO WAUKESHA'S DOWNTOWN BUSINESSES DISTRICT AS RESIDENTS ATTEND ONE THE VARIOUS EVENTS OR TO VIEW THE CHRISTMAS DECORATIONS.

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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 $6,025

Program Service Revenue $1,299

Investment Income $0

Other Revenue $2,368

TOTAL REVENUE $9,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137

Fundraising Expenses $0

Other Expenses $22,511

TOTAL EXPENSES $22,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,692	N/A	N/A
Expenses	$22,648	N/A	N/A
Net Income	$-12,956	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS JANET	PRESIDENT	3.00	Officer Director	$0	$0	$0
SHELLEY GALLAMORE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ROSIE STRAUSS	TREASURER	3.00	Officer Director	$0	$0	$0
TAMI EVANOFF	SECRETARY	3.00	Officer Director	$0	$0	$0
ALEKS GERASYUTA	COMMUNICATIONS OFFICER	3.00	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	$9,692	$22,648	$51,430	$-12,956

WAUKESHA DOWNTOWN BUSINESS ASSOC INC