OLD TOWN COMMERCIAL ASSOCIATION (EIN 383319722) - 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

1996

Legal Domicile

Principal Officer

SAMANTHA BENSON

Phone

5174854283

Tax Period

2023-01-01 to 2023-12-31

OLD TOWN COMMERCIAL ASSOCIATION, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $261K in total revenue in fiscal year 2023. Revenue surged 197% from the prior year, signaling strong growth momentum. Expenses of $226K left a modest 13% surplus.

Mission

TO FACILITATE THE CONTINUED GROWTH AND REVITALIZATION OF LANSING'S VIBRANT OLD TOWN DISTRICT.

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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 $219,088

Program Service Revenue $38,689

Investment Income $3,375

Other Revenue $0

TOTAL REVENUE $261,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,747

Fundraising Expenses $6,485

Program Expenses $197,135

Other Expenses $181,705

TOTAL EXPENSES $226,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,152	$87,914	+2.0%
Expenses	$226,452	$157,641	+0.4%
Net Income	$34,700	$-69,727	-1.5%

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

200

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

$39,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA HADLEY	DIRECTOR	1.00	Director	$0	$0	$0
SUMMER SCHRINER	DIRECTOR	1.00	Director	$0	$0	$0
RICK PREUSS	DIRECTOR	1.00	Director	$0	$0	$0
BRADLY RAKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHAD JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN STEFL	DIRECTOR	2.00	Director	$0	$0	$0
MARK CHAMBERLIN	DIRECTOR (ENDED 2/7/23)	1.00	Director	$0	$0	$0
LILLIAN WERBIN	DIRECTOR (ENDED 4/1/23)	1.00	Director	$0	$0	$0
KATHEREN PALMER	EXECUTIVE AT LARGE	2.00	Officer Director	$0	$0	$0
GRACE BRAATZ-OPPER	EXECUTIVE AT LARGE (ENDED 5/3/23)	1.00	Officer Director	$0	$0	$0
BREINA PUGH	SECRETARY (ENDED 2/7/23)	6.00	Officer Director	$0	$0	$0
BRIANNA WILSON	SECRETARY	4.00	Officer Director	$0	$0	$0
JACOB HORNER	TREASURER(ENDED 10/10/23)	1.00	Officer Director	$0	$0	$0
ERIC HANNA	TREASURER	3.00	Officer Director	$0	$0	$0
LYNN ROSS	PRESIDENT (ENDED 4/25/23)	6.00	Officer Director	$0	$0	$0
SHANNON MURPHY	VICE PRESIDENT (ENDED 2/7/23)	10.00	Officer Director	$0	$0	$0
DANIEL RIALS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
BETH HERENDEEN	DIRECTOR/ PRESIDENT	12.00	Officer Director	$0	$0	$0
BEN DOWD	PRESIDENT (ENDED 2/7/23)	12.00	Officer Director	$0	$0	$0
SAMANTHA BENSON	SECRETARY/ EXECUTIVE DIRECTOR	8.00	Officer	$16,769	$0	$16,769
ROBERT DORAN-BROCKWAY	EXECUTIVE DIRECTOR (ENDED 6/8/23)	40.00	Officer	$23,077	$0	$23,077

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	$261,152	$226,452	$142,034	$34,700
2022	$87,914	$157,641	$78,313	$-69,727
2021	$80,635	$67,883	$105,893	$12,752
2020	$88,874	$63,425	$93,388	$25,449
2019	$166,886	$146,638	$75,822	$20,248
2018	$165,491	$160,951	$66,613	$4,540

OLD TOWN COMMERCIAL ASSOCIATION