DOWNTOWN PHOENIX INC (EIN 462139928) - 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

DEVNEY MAJERLE

Phone

6027446403

Tax Period

2022-01-01 to 2022-12-31

DOWNTOWN PHOENIX INC, founded in 2012, is a small nonprofit that reported $672K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 173% operating deficit.

Mission

SUPPORT THE ECONOMIC & CULTURAL VITALITY OF THE PHOENIX DOWNTOWN COMMUNITY & SURROUNDING AREAS

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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 (2022)

Revenue Breakdown

Contributions & Grants $515,040

Program Service Revenue $156,849

Investment Income $249

Other Revenue $0

TOTAL REVENUE $672,138

Expense Breakdown

Grants Paid $1,283,323

Salaries & Benefits $451,464

Fundraising Expenses $0

Other Expenses $99,454

TOTAL EXPENSES $1,834,241

Year-over-Year Comparison

	2022	2021	Change
Revenue	$672,138	$1,039,975	-0.4%
Expenses	$1,834,241	$519,646	+2.5%
Net Income	$-1,162,103	$520,329	-3.2%

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

$208,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE EBERT	CHAIR	0.50	Officer Director	$0	$0	$0
DIANE HALLER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KEN VAN WINKLE JR	SECRETARY	0.50	Officer Director	$0	$0	$0
HEATHER KANE	TREASURER	0.50	Officer Director	$0	$0	$0
HON KATE GALLEGO	DIRECTOR	0.50	Director	$0	$0	$0
JASON ROWLEY	DIRECTOR	0.50	Director	$0	$0	$0
STACY DERSTINE	DIRECTOR	0.50	Director	$0	$0	$0
KYLE JARDINE	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY BARTON	DIRECTOR	0.50	Director	$0	$0	$0
DERRICK HALL	DIRECTOR	0.50	Director	$0	$0	$0
RON PRICE	DIRECTOR	0.50	Director	$0	$0	$0
RICK NAIMARK	DIRECTOR	0.50	Director	$0	$0	$0
MO STEIN	DIRECTOR	0.50	Director	$0	$0	$0
RON BUTLER	DIRECTOR	0.50	Director	$0	$0	$0
DON GARNER	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE VASQUEZ	DIRECTOR	0.50	Director	$0	$0	$0
CINDY DACH	DIRECTOR	0.50	Director	$0	$0	$0
EVA OLIVAS	DIRECTOR	0.50	Director	$0	$0	$0
TERRY BURKE	DIRECTOR	0.50	Director	$0	$0	$0
DEVNEY MAJERLE	PRESIDENT & CEO	28.00	Officer	$190,733	$17,600	$208,333

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
2022	$672,138	$1,834,241	No data	$-1,162,103
2021	$1,039,975	$519,646	$1,627,305	$520,329
2020	$550,500	$469,644	$951,278	$80,856
2019	$632,114	$538,898	$1,030,449	$93,216
2018	$557,510	$701,010	$1,205,978	$-143,500

DOWNTOWN PHOENIX INC