Advance Redding (EIN 453342288) - 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

Phone

5307829484

Tax Period

2023-08-01 to 2024-07-31

Advance Redding, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 30% operating deficit.

Mission

To advance economic growth, entertainment opportunities and cultural activities in the greater redding area through the maintenance, management and operation of the Redding convention center.

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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 $143,758

Program Service Revenue $1,153,450

Investment Income $44,403

Other Revenue $88,301

TOTAL REVENUE $1,429,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $960,772

Fundraising Expenses $0

Program Expenses $1,011,165

Other Expenses $894,145

TOTAL EXPENSES $1,854,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,429,912	$1,571,571	-0.1%
Expenses	$1,854,917	$1,596,791	+0.2%
Net Income	$-425,005	$-25,220	+15.9%

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

$120,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Parmelee	B&M Manager	40.00		$140,886	$12,542	$153,428
Julie Dyar	General Manager	65.00	Officer	$118,343	$2,440	$120,783
Kris Vallotton	President/Chair	1.00	Officer Director	$0	$0	$0
Charles Harper	Secretary	1.00	Officer Director	$0	$0	$0
Andy Mason	Board Member	1.00	Director	$0	$0	$0
Hope Seth	Board Member	1.00	Director	$0	$0	$0
Dan Morrow	Board Member	1.00	Director	$0	$0	$0
Deborah Chimenti	Board Member	1.00	Director	$0	$0	$0
Eric Hiatt	Treasurer	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	$1,429,912	$1,854,917	$3,803,835	$-425,005
2023	$1,571,571	$1,596,791	$4,656,009	$-25,220
2022	$2,703,465	$1,678,218	$3,133,364	$1,025,247
2021	$1,642,422	$1,259,643	$1,835,974	$382,779
2021	$1,065,433	$1,259,643	$1,835,974	$-194,210
2020	$1,517,498	$1,517,226	$1,082,931	$272
2019	$1,573,038	$1,730,965	$1,217,518	$-157,927
2018	$1,963,155	$1,789,423	$1,224,759	$173,732

Advance Redding