Downtown Kalamazoo Inc

EIN: 382845664 501(c)(3) Community Improvement

Kalamazoo, MI

Total Revenue
$1,367,192
Total Expenses
$1,202,419
Total Assets
$796,541
Net Assets
$448,738
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MI
Principal Officer
Derek Nofz
Phone
2693440795
Tax Period
2021-01-01 to 2021-12-31

Downtown Kalamazoo Inc, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

PLAN AND COORDINATE PUBLIC AND PRIVATE DEVELOPMENT IN DOWNTOWN KALAMAZOO BY LESSENING THE BURDEN OF GOVERNMENT, CITY PARKING STAFFING AND EVENTS FOR PUBLIC BENEFIT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,351,707
Program Service Revenue $15,274
Investment Income $211
Other Revenue $0
TOTAL REVENUE $1,367,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $615,229
Fundraising Expenses $0
Program Expenses $901,753
Other Expenses $587,190
TOTAL EXPENSES $1,202,419

Year-over-Year Comparison

2021 2020 Change
Revenue $1,367,192 $993,277 +0.4%
Expenses $1,202,419 $850,314 +0.4%
Net Income $164,773 $142,963 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
24
Independent Members
24
Employees
9
Volunteers
120

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
6
$141,317
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW HAAN PRESIDENT 40.0
Officer
$139,742 $1,575 $141,317
DEREK NOFZ CHAIR 1.0
Officer Director
$0 $0 $0
SUSAN WATTS VICE-CHAIR 1.0
Officer Director
$0 $0 $0
CLARENCE LLOYD SECRETARY 1.0
Officer Director
$0 $0 $0
ROBERT CINABRO TREASURER 1.0
Officer Director
$0 $0 $0
TOM SHUSTER PAST CHAIR 1.0
Officer Director
$0 $0 $0
JAMAURI BOGAN DIRECTOR 1.0
Director
$0 $0 $0
ELYSE BREY DIRECTOR 1.0
Director
$0 $0 $0
NNAMDI DIKE KALAMAZOO LIBRARY DELEGATE 1.0
Director
$0 $0 $0
GREG DOBSON DIRECTOR-COALITION FOR GROWTH 1.0
Director
$0 $0 $0
JIM ESCAMILLA DIRECTOR 1.0
Director
$0 $0 $0
GRANT FLETCHER DIRECTOR-DDA DELEGATE 1.0
Director
$0 $0 $0
JANE GHOSH DIRECTOR 1.0
Director
$0 $0 $0
BJORN GREEN DIRECTOR 1.0
Director
$0 $0 $0
LISA HENTHORN DIRECTOR-COUNTY DELEGATE 1.0
Director
$0 $0 $0
BOBBY HOPEWELL DIRECTOR 1.0
Director
$0 $0 $0
BOB LEWIS DIRECTOR 1.0
Director
$0 $0 $0
SEAN MCBRIDE DIRECTOR-CCTA/KCTA DELEGATE 1.0
Director
$0 $0 $0
BETH MCCANN DIRECTOR-COALITION FOR EXPERIE 1.0
Director
$0 $0 $0
GREG MILLIKEN DIRECTOR-COALITION FOR PLACE 1.0
Director
$0 $0 $0
MARGARET PATTON DIRECTOR-COALITION FOR PEOPLE 1.0
Director
$0 $0 $0
JIM RITSEMA DIRECTOR-CITY MANAGER 1.0
Director
$0 $0 $0
CHRIS SHOOK DIRECTOR 1.0
Director
$0 $0 $0
CINDY STEWART DIRECTOR-DTI DELEGATE 1.0
Director
$0 $0 $0
MARTHA TODD DIRECTOR 1.0
Director
$0 $0 $0
L MARSHALL WASHINGTON DIRECTOR-KVCC DELEGATE 1.0
Director
$0 $0 $0
ANDY WENZEL DIRECTOR 1.0
Director
$0 $0 $0
KARA WOOD DIRECTOR 1.0
Director
$0 $0 $0
CHRIS ZEIGLER DIRECTOR 1.0
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
2021 $1,367,192 $1,202,419 $796,541 $164,773
2020 $993,277 $850,314 $747,931 $142,963
2019 $798,311 $802,232 $486,617 $-3,921
2018 $918,367 $878,508 $424,172 $39,859
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Downtown Kalamazoo Inc with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.