DOWNTOWN PARTNERS INC

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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

AMY O'BRIEN

Phone

3197526365

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN PARTNERS INC, founded in 1996, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $223K left a modest 10% surplus.

Mission

THE MISSION OF DOWNTOWN PARTNERS IS TO PRESERVE AND REVITALIZE DOWNTOWN BURLINGTON BY ENHANCING ITS ECONOMY, INFRASTRUCTURE, AND HISTORICAL AND CULTURAL FEATURES.

Program Service Accomplishments

Program 1

DOWNTOWN PARTNERS IS A CERTIFIED MAIN STREET IOWA ORGANIZATION THAT HELPS IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF THE BURLINGTON COMMUNITY BY IDENTIFYING IT'S UNIQUE ASSETS AND CHARACTER AND...

DOWNTOWN PARTNERS IS A CERTIFIED MAIN STREET IOWA ORGANIZATION THAT HELPS IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF THE BURLINGTON COMMUNITY BY IDENTIFYING IT'S UNIQUE ASSETS AND CHARACTER AND REVITALIZING ITS HISTORIC COMMERCIAL DISTRICT. THE ORGANIZATION ALSO HELPS BUSINESSES PREPARE AND APPLY FOR REVITALIZATION ACTIVITIES AND GRANTS.

Program 2

DOWNTOWN PARTNERS COORDINATES EVENTS AND PROMOTIONS. MAJOR EVENTS IN 2024 WERE: FARMER'S MARKET, A VERY VINTAGE MARKET, SIP, TASTE & STROLL, WITCHES NIGHT OUT, HOLIDAY PARADE AND LIVING WINDOWS AND...

Program 3

DOWNTOWN PARTNERS PROMOTES BEAUTIFICATION IN DOWNTOWN BURLINGTON AND HELPS WITH DOWNTOWN VITALITY BY SUPPORTING AND PROVIDING GRANTS FOR DEVELOPMENT ACTIVITIES.

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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 $162,860

Program Service Revenue $76,166

Investment Income $7,156

Other Revenue $0

TOTAL REVENUE $246,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,397

Fundraising Expenses $373

Other Expenses $86,382

TOTAL EXPENSES $222,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,182	$214,311	+0.1%
Expenses	$222,779	$212,990	+0.0%
Net Income	$23,403	$1,321	+16.7%

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

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

$240,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELLA SCHMIDT LEFT 2024	PRESIDENT	0.00	Officer	$0	$4,627	$78,086
MARY BETH SANCHEZ LEFT 2024	CFO	5.00	Officer	$2,908	$1,864	$26,093
AMY O'BRIEN	PRESIDENT	0.00	Officer	$0	$257	$51,465
CRYSTAL JOLIN	CFO	5.00	Officer	$9,683	$3,984	$84,676
TODD ACKERMAN	CHAIR	1.00	Officer Director	$0	$0	$0
KATHY BENTZ	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
TOM BURCH	TREASURER	1.00	Officer Director	$0	$0	$0
MERCEDES PONCE	PAST-CHAIR	1.00	Officer Director	$0	$0	$0
TODD DARNALL LEFT 2024	DIRECTOR	1.00	Director	$0	$0	$0
JERILYN HORN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GERLING	DIRECTOR	1.00	Director	$0	$0	$0
SUANN WELLS	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
KANSHA TIWARI	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH PAPPAS	DIRECTOR	1.00	Director	$0	$0	$0
TOMI HAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOE DEJESUS	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON KIPP	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BIRD	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA GRAHAM-MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA WATSON LEFT 2024	DIRECTOR	1.00	Director	$0	$0	$0
ALEC CORNICK LEFT 2024	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE HEDGES LEFT 2024	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA STEVENS LEFT 2024	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	$246,182	$222,779	$272,626	$23,403
2023	$214,311	$212,990	$241,415	$1,321
2022	$250,480	$213,084	$391,649	$37,396
2021	$390,807	$292,107	$385,126	$98,700
2020	$356,153	$443,035	$311,708	$-86,882
2019	$220,831	$228,126	$355,880	$-7,295
2018	$217,329	$201,302	$359,177	$16,027