Aberdeen Downtown Association (EIN 460460220) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Kelli Schaunaman

Phone

6052263441

Tax Period

2023-01-01 to 2023-12-31

Aberdeen Downtown Association, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $493K in total revenue in fiscal year 2017. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $151K, a strong 31% operating margin.

Mission

Creating vitality in the heart of the city.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $168,126

Program Service Revenue $22,034

Investment Income $0

Other Revenue $1,350

TOTAL REVENUE $191,510

Expense Breakdown

Grants Paid $426

Salaries & Benefits $91,786

Fundraising Expenses $0

Other Expenses $142,057

TOTAL EXPENSES $234,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,510	$259,068	-0.3%
Expenses	$234,269	$244,858	0.0%
Net Income	$-42,759	$14,210	-4.0%

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

$76,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelli Schaunaman	President	1.00	Officer Director	$0	$0	$0
Olaf Hanson	Vice President	1.00	Officer Director	$0	$0	$0
Patricia Kendall	Treasurer	1.00	Officer Director	$0	$0	$0
Victoria Lusk	Secretary	1.00	Officer Director	$0	$0	$0
Spencer Sommers	Past President	1.00	Officer Director	$0	$0	$0
Scott Peterson	Director	1.00	Director	$0	$0	$0
Sarah Eisenbeisz	Director	0.50	Director	$0	$0	$0
Lee Kessler	Director	0.50	Director	$0	$0	$0
Joe Mehlhaff	Director	0.50	Director	$0	$0	$0
Mike Moulton	Director	0.50	Director	$0	$0	$0
Sam Schaunaman	Director	0.50	Director	$0	$0	$0
Molly Genzler	Director	0.50	Director	$0	$0	$0
Alexa Sheldon	Executive Director	40.00	Officer	$70,479	$6,000	$76,479

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	$191,510	$234,269	$940,871	$-42,759
2022	$259,068	$244,858	$983,630	$14,210
2021	$343,761	$243,843	$1,012,514	$99,918
2020	$283,010	$320,901	$1,278,538	$-37,891
2019	$316,065	$326,490	$1,362,851	$-10,425
2018	$428,176	$323,086	$1,380,585	$105,090
2017	$493,352	$342,422	$1,052,243	$150,930

Aberdeen Downtown Association