DOWNTOWN OXNARD IMPROVEMENT ASSOCIATION (EIN 371989012) - 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

2021

Legal Domicile

Principal Officer

ABEL MAGANA

Phone

8053852705

Tax Period

2023-12-01 to 2024-11-30

DOWNTOWN OXNARD IMPROVEMENT ASSOCIATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $681K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE AND PROMOTE THE DOWNTOWN OXNARD DISTRICT AS THE HISTORIC, CULTURAL, AND THRIVING COMMERCIAL HEART OF THE COMMUNITY.

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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 $152,874

Program Service Revenue $496,412

Investment Income $0

Other Revenue $32,211

TOTAL REVENUE $681,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,696

Fundraising Expenses $0

Program Expenses $638,156

Other Expenses $611,606

TOTAL EXPENSES $737,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$681,497	$506,379	+0.3%
Expenses	$737,302	$569,236	+0.3%
Net Income	$-55,805	$-62,857	-0.1%

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

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

$79,720

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABEL MAGANA	Executive Dir.	40.00	Officer	$79,720	$0	$79,720
ANGELA WHITECOMB	Chairman	5.00	Officer Director	$0	$0	$0
OSBALDO LOPEZ	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARK SPELLMAN	Treasurer	2.00	Officer Director	$0	$0	$0
LORENZO CATILLO	Secretary	4.00	Officer Director	$0	$0	$0
GARY BLUM	Director	4.00	Director	$0	$0	$0
MICHAEL DARDEN	Director	1.00	Director	$0	$0	$0
KIMBERLY VASQUEZ	Director	2.00	Director	$0	$0	$0
MATT MANSI	Director	1.00	Director	$0	$0	$0
PRITI PATEL	Director	2.00	Director	$0	$0	$0
WALTER BEAUMONT	Director	1.00	Director	$0	$0	$0
EMILIO RAMIREZ	Director	1.00	Director	$0	$0	$0
DOUG SPONDELLO	Director	1.00	Director	$0	$0	$0
TIFFANY LOPEZ	Director	1.00	Director	$0	$0	$0
REX LEVI	Director	1.00	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	$681,497	$737,302	$29,040	$-55,805
2023	$506,379	$569,236	$84,551	$-62,857
2022	$533,232	$499,458	$146,266	$33,774
2021	$398,153	$288,115	$110,038	$110,038
2021	$297,935	$187,897	$110,038	$110,038

DOWNTOWN OXNARD IMPROVEMENT ASSOCIATION