Aberdeen Downtown Association

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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

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 $192K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 22% operating deficit.

Mission

Creating vitality in the heart of the city.

Program Service Accomplishments

Program 1

Held events in the downtown Aberdeen core to bring people to the downtown district. Events and respective attendance include: Sizzlin' Summer Nights Car Show brought approximately 9,000 people...

Held events in the downtown Aberdeen core to bring people to the downtown district. Events and respective attendance include: Sizzlin' Summer Nights Car Show brought approximately 9,000 people, Summer Concert Series brought approximately 5,000 people, Trick or Treat on Main brought approximately 1,000 people, Wine Walk and Brew Walk brought approximately 400 people, and Parade of Lights brought approximately 10,000 people.

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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 $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