DOWNTOWN PARKING MANAGEMENT INC (EIN 451276191) - 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

2011

Legal Domicile

Principal Officer

RYAN BAACK

Phone

3193657275

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN PARKING MANAGEMENT INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE EFFICIENT, CONVENIENT, AND AFFORDABLE PARKING OPTIONS FOR DOWNTOWN CEDAR RAPIDS

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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 $0

Program Service Revenue $3,256,711

Investment Income $10,035

Other Revenue $108,897

TOTAL REVENUE $3,375,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,026,740

Other Expenses $3,765,392

TOTAL EXPENSES $3,765,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,375,643	$3,106,069	+0.1%
Expenses	$3,765,392	$3,352,996	+0.1%
Net Income	$-389,749	$-246,927	+0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZYLSTRA DAVID	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CORKERY MATT	DIRECTOR	1.00	Director	$0	$0	$0
DUSEK JON	DIRECTOR	1.00	Director	$0	$0	$0
KERNS CORY	DIRECTOR	1.00	Director	$0	$0	$0
TIMKO FRED	DIRECTOR	1.00	Director	$0	$0	$0
BAACK RYAN	GENERAL MANAGER	40.00	Officer	$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	No data	No data	No data	No data
2023	$3,375,643	$3,765,392	$2,128,178	$-389,749
2022	$3,106,069	$3,352,996	$2,245,768	$-246,927
2021	$2,696,142	$3,554,058	$2,652,564	$-857,916
2020	$2,574,821	$3,523,841	$2,783,038	$-949,020
2019	$4,443,686	$4,532,350	$3,513,488	$-88,664
2018	$4,214,314	$4,432,793	$3,236,373	$-218,479

DOWNTOWN PARKING MANAGEMENT INC