DOWNTOWN HAYS DEVELOPMENT CORPORAT… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

JULIE RIDER

Phone

7856214171

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN HAYS DEVELOPMENT CORPORATION, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $171K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE DOWNTOWN HAYS DEVELOPMENT CORPORATION (DHDC) IS TO FOSTER AWARENESS AND PROMOTE DOWNTOWN HAYS AS A VIBRANT CENTER OF CULTURE, RECREATION, ARTS, COMMERCE, AND HISTORY THAT SERVES THE PEOPLE OF HAYS, THE SURROUNDING REGION, AND VISITORS. [CONTINUED] THE DHDC WILL WORK TO PREVENT THE DETERIORATION AND ENHANCE THE VIABILITY OF THE COMMUNITY'S CULTURAL CENTERS, HISTORICAL LANDMARKS AND PUBLIC INFRASTRUCTURE IMPORTANT TO THE COMMUNITY'S ECONOMIC AND CULTURAL WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $150,012 Revenue: $76,906

THE DHDC WORKS TO PREVENT THE DETERIORATION AND ENHANCE THE VIABILITY OF THE COMMUNITY'S CULTURAL CENTERS, HISTORICAL LANDMARKS, AND PUBLIC INFRASTRUCTURE IMPORTANT TO THE COMMUNITY'S ECONOMIC AND...

THE DHDC WORKS TO PREVENT THE DETERIORATION AND ENHANCE THE VIABILITY OF THE COMMUNITY'S CULTURAL CENTERS, HISTORICAL LANDMARKS, AND PUBLIC INFRASTRUCTURE IMPORTANT TO THE COMMUNITY'S ECONOMIC AND CULTURAL WELL-BEING. CURRENT YEAR ACCOMPLISHMENTS INCLUDE REFURBISHMENT OF HISTORICAL COMMERCIAL PROPERTY AND PROMOTION AND DEVELOPMENT OF HISTORICAL AND CULTURAL CENTERS OF THE COMMUNITY.

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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 $90,817

Program Service Revenue $76,906

Investment Income $3,306

Other Revenue $0

TOTAL REVENUE $171,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,968

Fundraising Expenses $7,857

Program Expenses $150,012

Other Expenses $93,297

TOTAL EXPENSES $166,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,029	$143,221	+0.2%
Expenses	$166,265	$115,288	+0.4%
Net Income	$4,764	$27,933	-0.8%

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

$63,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT OTTLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTIANA MOLINA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDY KELLER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID HERL	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE HOLLIDAY	PAST PRESIDENT	2.00	Director	$0	$0	$0
PATRICK MCGINNIS	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN BALL	DIRECTOR	2.00	Director	$0	$0	$0
SHAE VEACH	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
KILEY RUPP	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN VONFELDT	DIRECTOR	2.00	Director	$0	$0	$0
CHELSEY LADD	DIRECTOR	2.00	Director	$0	$0	$0
JULIE RIDER	EXECUTIVE DIRECTOR	40.00	Officer	$63,414	$0	$63,414

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	$171,029	$166,265	$190,055	$4,764
2022	$143,221	$115,288	$185,585	$27,933
2021	$141,053	$158,526	$171,671	$-17,473
2020	$176,704	$144,926	$172,352	$31,778
2019	$174,297	$138,953	$140,582	$35,344
2018	$21,941	$132,533	$108,683	$-110,592

DOWNTOWN HAYS DEVELOPMENT CORPORATION