GREATER DOWNTOWN COUNCIL (EIN 411467228) - 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

2000

Legal Domicile

Principal Officer

KIM CHICK

Phone

2187278549

Tax Period

2024-01-01 to 2024-12-31

GREATER DOWNTOWN COUNCIL, founded in 2000, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROMOTE SAFETY AND ECONOMIC DEVELOPMENT IN DOWNTOWN DULUTH, MN.

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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 $283,713

Program Service Revenue $762,975

Investment Income $4,162

Other Revenue $120,212

TOTAL REVENUE $1,171,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,851

Fundraising Expenses $0

Program Expenses $994,345

Other Expenses $792,878

TOTAL EXPENSES $1,138,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,171,062	$1,034,370	+0.1%
Expenses	$1,138,729	$1,099,036	+0.0%
Net Income	$32,333	$-64,666	-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

N/A

Volunteers

N/A

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

$140,189

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI STOKES	PRESIDENT	40.00	Director	$140,189	$0	$140,189
KIM CHICK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PEZ DAVILA	BOARD	1.00	Director	$0	$0	$0
JUSTIN DAVIS	BOARD	1.00	Director	$0	$0	$0
EMILY EKSTROM	BOARD	1.00	Director	$0	$0	$0
ERIC FAUST	BOARD	1.00	Director	$0	$0	$0
ARIK FORSMAN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
MATT GOTTWALD	PAST CHAIR	1.00	Officer Director	$0	$0	$0
AMY LUNDBERG	BOARD	1.00	Director	$0	$0	$0
PATTY MCGAFFEY	BOARD	1.00	Director	$0	$0	$0
MARIAH MCKENHNIE	BOARD	1.00	Director	$0	$0	$0
BILL OLSON	BOARD	1.00	Director	$0	$0	$0
MIKE POLZIN	BOARD	1.00	Director	$0	$0	$0
BEN READ	BOARD	1.00	Director	$0	$0	$0
SARA ROLFSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KRISTA SKORUPA	BOARD	1.00	Director	$0	$0	$0
JESSICA STAUBER	BOARD	1.00	Director	$0	$0	$0
LINDSEY WHITLINGER	BOARD	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	$1,171,062	$1,138,729	$558,040	$32,333
2023	$1,034,370	$1,099,036	$543,594	$-64,666
2022	$1,006,809	$1,060,819	$601,971	$-54,010
2021	$895,714	$898,216	$634,553	$-2,502
2020	$802,875	$713,550	$747,898	$89,325
2019	$890,975	$912,896	$576,493	$-21,921
2018	$874,554	$882,946	$576,300	$-8,392

GREATER DOWNTOWN COUNCIL