TWIN VILLAGES DOWNTOWN ALLIANCE (EIN 454543067) - 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

2012

Legal Domicile

Principal Officer

FREDERICK BREWER

Phone

2073809165

Tax Period

2023-01-01 to 2023-12-31

TWIN VILLAGES DOWNTOWN ALLIANCE, founded in 2012, is a small nonprofit in the Human Services sector that reported $142K in total revenue in fiscal year 2023. Expenses of $411K exceeded revenue, resulting in a 189% operating deficit.

Mission

THE MISSION OF THE TVDA IS TO COLLABORATE AND COORDINATE EFFECTIVELY ACROSS THE PUBLIC, PRIVATE AND SOCIAL SECTORS OF THE COMMUNITY TO ENHANCE THE COMMUNITIES WELL BEING AND SUSTAINABILITY IN THE TWIN VILLAGES OF DAMARISCOTTA AND NEWCASTLE. THE ORGANIZATION SEEKS TO ACCOMPLISH THIS GOAL BY BRINGING TOGETHER ALL OF THE STAKEHOLDERS IN THE COMMUNITY, (THE TOWNS OF DAMARISCOTTA AND NEWCASTLE, THE LOCAL COMMUNITY, EDUCATIONAL INSTITUTIONS, LOCAL BUSINESSES AND NON-PROFIT ORGANIZATIONS) TO IMPROVE COMMUNICATION AND SUSTAINED DIVERSE GROWTH WITHIN THE TWO TOWNS. TWIN VILLAGES DOWNTOWN ALLIANCE STRIVES TO INFORM AND EDUCATE THE PUBLIC ABOUT CURRENT ACTIVITIES THAT THE TWIN VILLAGES OF DAMARISCOTTA AND NEWCASTLE ARE UNDERTAKING IN AN UNBIASED AND INFORMING MANNER. WE HOST PUBLIC INFORMATION SESSIONS TO CONVENE STAKEHOLDERS FOR VARIOUS DIALOGUES, EMAIL COMMUNITY MEMBERS INFORMATION SUBMITTED BY THE TOWNS TO COORDINATE EFFORTS TO IMPROVE THE COMMUNITY AS A WHOLE. OUR GOAL IS TO MAKE SURE THAT AN

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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 $142,112

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $411,188

Other Expenses $411,248

TOTAL EXPENSES $411,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,112	$147,685	0.0%
Expenses	$411,248	$91,362	+3.5%
Net Income	$-269,136	$56,323	-5.8%

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

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
MARY KATE RENY	PRESIDENT	3.00	Officer Director	$0	$0	$0
SARAH MAURER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FREDERICK BREWER	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT CONANT	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW FENNIMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARTHA CALRIC	DIRECTOR	0.50	Director	$0	$0	$0
MARVA NESBIT	DIRECTOR	0.50	Director	$0	$0	$0
LAURA SPROUL	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$142,112	$411,248	$50,442	$-269,136
2022	$147,685	$91,362	$137,496	$56,323
2021	$2,475	$4,954	$81,173	$-2,479
2020	$1,010,000	$930,000	$83,652	$80,000
2019	$70,200	$71,199	$3,652	$-999
2018	$249,061	$327,229	$4,651	$-78,168

TWIN VILLAGES DOWNTOWN ALLIANCE