ERIE DOWNTOWN PARTNERSHIP (EIN 450464988) - 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

2004

Legal Domicile

Phone

8144553743

Tax Period

2024-01-01 to 2024-12-31

ERIE DOWNTOWN PARTNERSHIP, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $998K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE ASSOCIATION'S PURPOSES ARE TO ASSIST PROPERTY OWNERS IN MAKING IMPROVEMENTS AND PROVIDE INCREASED AND EXPANDED SERVICES WITHIN THE ESTABLISHED DISTRICT INCLUDING GENERAL MARKETING OF DOWNTOWN ERIE AND SUPPLEMENTAL CLEANING OF COMMON WALKWAYS.

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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 $842,692

Program Service Revenue $10,900

Investment Income $54,765

Other Revenue $89,988

TOTAL REVENUE $998,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,415

Fundraising Expenses $0

Program Expenses $939,323

Other Expenses $587,598

TOTAL EXPENSES $1,056,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$998,345	$916,646	+0.1%
Expenses	$1,056,013	$753,980	+0.4%
Net Income	$-57,668	$162,666	-1.4%

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

250

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

$80,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY FETCKO	CEO	40.00	Officer	$75,616	$4,862	$80,478
GEORGE WILLIS	Director	1.00	Director	$0	$0	$0
DR WALTER IWANENKO	Director	1.00	Director	$0	$0	$0
MAYOR JOE SCHEMBER	Director	1.00	Director	$0	$0	$0
HANNAH KIRBY	Director	1.00	Director	$0	$0	$0
KELLY COOK	Treasurer	1.00	Officer Director	$0	$0	$0
WILLIAM MATROGRAN	Director	1.00	Director	$0	$0	$0
ELIZABETH RIORDAN	Secretary	1.00	Officer Director	$0	$0	$0
CHRISTOPHER FRIDAY	Vice President	1.00	Officer Director	$0	$0	$0
SEAN FEDORKO	Chairman	1.00	Officer Director	$0	$0	$0
TARA MOBLEY	Director	1.00	Director	$0	$0	$0
TIM WACHTER	Director	1.00	Director	$0	$0	$0
CHUCK PETERS	Director	1.00	Director	$0	$0	$0
SEPH KUMER	Director	1.00	Director	$0	$0	$0
JACLYN CLOVER	Representative	1.00	Officer 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	$998,345	$1,056,013	$1,164,096	$-57,668
2023	$916,646	$753,980	$1,209,689	$162,666
2022	$1,085,690	$782,959	$1,242,149	$302,731
2021	$680,539	$726,725	$865,059	$-46,186
2020	$793,259	$679,791	$676,593	$113,468
2019	$454,506	$609,732	$606,498	$-155,226
2018	$441,461	$486,278	$689,254	$-44,817

ERIE DOWNTOWN PARTNERSHIP