DOWNTOWN MADISON INC (EIN 391422114) - 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

1982

Legal Domicile

Principal Officer

JASON ILSTRUP

Phone

6085121330

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN MADISON INC, founded in 1982, is a small nonprofit that reported $731K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $701K left a modest 4% surplus.

Mission

MAKE DOWNTOWN MADISON AN ECONOMICALLY STRONG, EQUITABLE, INCLUSIVE, AND VIBRANT PLACE TO LIVE, WORK, AND VISIT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $378,500

Program Service Revenue $314,027

Investment Income $3,429

Other Revenue $35,342

TOTAL REVENUE $731,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $479,420

Fundraising Expenses $0

Other Expenses $221,481

TOTAL EXPENSES $700,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$731,298	$586,755	+0.2%
Expenses	$700,901	$651,639	+0.1%
Net Income	$30,397	$-64,884	-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

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

$160,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET WATSON	BOARD CO-CHAIR	1.00	Officer Director	$0	$0	$0
PAM CHRISTENSON	BOARD CO-CHAIR	1.00	Officer Director	$0	$0	$0
AMY SUPPLE	BOARD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ANITA MAHAMED	TREASURER	1.00	Officer Director	$0	$0	$0
DR RUBAN ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
JULI AULIK	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BARR	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE BERG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CARDINALE	DIRECTOR	1.00	Director	$0	$0	$0
TIM CASPER	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE CULLEN SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CUTA	DIRECTOR	1.00	Director	$0	$0	$0
BALTAZAR DE ANDA SANTANA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DOMBROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHAD ESCHLER	DIRECTOR	1.00	Director	$0	$0	$0
MATT GERDING	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA GONZALEZ	INCLUSIVENESS COMMITTEE CHAIR	1.00	Director	$0	$0	$0
PEGGY GUNDERSON	QUALITY OF LIFE COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MELINDA HEINRITZ	GOVERNMENT RELATIONS COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ALISON HELLAND	DIRECTOR	1.00	Director	$0	$0	$0
TANIA IBARRA	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN JERABEK	DIRECTOR/EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
ELI JUDGE	DIRECTOR	1.00	Director	$0	$0	$0
WINNIE KARANJA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEE	MEMBERSHIP DEVELOP. COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DAN KENNELLY	DIRECTOR	1.00	Director	$0	$0	$0
TRACI MANN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MARKS	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MARRON	DIRECTOR	1.00	Director	$0	$0	$0
SANDY MORALES	NOMINATING COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ANNE NEUJAHR MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
WES MOSMAN BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
DAN O'CALLAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
BETH PROCHASKA	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN RAMAKER KLASS	TRANSPORTATION COMMITTEE CHAIR	1.00	Director	$0	$0	$0
KATIE RIST	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
MARK RICHARDSON	PERSONNEL COMMITTEE CHAIR	1.00	Director	$0	$0	$0
BEN SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
KARLA THENNES	DIRECTOR	1.00	Director	$0	$0	$0
ELI TSAROVSKY	DIRECTOR	1.00	Director	$0	$0	$0
JIM TUBBS	DIRECTOR	1.00	Director	$0	$0	$0
VIC VILLACREZ	DIRECTOR	1.00	Director	$0	$0	$0
CASSIDY WARTENWEILER	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN WAUTIER	DIRECTOR/EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
LYNN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
MARISA YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
ALEX YSQUIERDO	DIRECTOR	1.00	Director	$0	$0	$0
JASON ILSTRUP	PRESIDENT	40.00	Officer	$145,087	$15,510	$160,597

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	$731,298	$700,901	$446,411	$30,397
2023	$586,755	$651,639	$367,622	$-64,884
2022	$889,630	$907,206	$476,035	$-17,576
2021	$769,092	$874,742	$491,155	$-105,650
2020	$753,418	$804,742	$578,723	$-51,324
2019	$964,718	$721,285	$637,233	$243,433
2018	$664,915	$651,782	$426,028	$13,133

DOWNTOWN MADISON INC