DOWNTOWN TAUNTON FOUNDATION INC (EIN 451796085) - 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

COLLEEN SIMMONS

Phone

5088240484

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN TAUNTON FOUNDATION INC, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $86K in total revenue in fiscal year 2024. Expenses of $111K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ORGANIZATION ENGAGES IN INITIATIVES THAT PROMOTE GROWTH AND IMPROVE QUALITY OF LIFE IN DOWNTOWN TAUNTON, MA, INCLUDING ARTS AND CULTURAL PROGRAMMING, CREATIVE ECONOMIC DEVELOPMENT, AND HOUSING AND MIXED-USE REAL ESTATE PROJECTS.

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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 $11,682

Program Service Revenue $72,865

Investment Income $0

Other Revenue $1,650

TOTAL REVENUE $86,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,305

Other Expenses $110,598

TOTAL EXPENSES $110,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,197	$90,160	0.0%
Expenses	$110,598	$97,106	+0.1%
Net Income	$-24,401	$-6,946	+2.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SHAFER	DIRECTOR	1.00	Director	$0	$0	$0
LISA LASSITER	TREASURER	5.00	Officer	$0	$0	$0
GRETA FERREIRA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CAROL DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL DUARTE	DIRECTOR	1.00	Director	$0	$0	$0
MARY WASYLYK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WEDGE	PRESIDENT	5.00	Officer	$0	$0	$0
JAMIE KELLEY	CLERK	1.00	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	$86,197	$110,598	$54,383	$-24,401
2020	$-125,411	$41,723	$30,914	$-167,134
2019	$36,782	$81,236	$454,066	$-44,454
2018	$62,840	$79,164	$506,071	$-16,324

DOWNTOWN TAUNTON FOUNDATION INC