Downtown ABQ Mainstreet Initiative

EIN: 464750143 501(c)(3) Community Improvement

Albuquerque, NM

Total Revenue
$498,195
Total Expenses
$521,635
Total Assets
$236,672
Net Assets
$170,238
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NM
Principal Officer
Danielle Schlobohm
Phone
5052472272
Tax Period
2023-01-01 to 2023-12-31

Downtown ABQ Mainstreet Initiative, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $498K in total revenue in fiscal year 2023.

Mission

The DowntownABQ MainStreet Initiative is a community redevelopment organization. Our mission is to promote and support downtowns economic, social, and creative vitality through community-driven projects and programs. A revitalized and vibrant downtown is a symbol of community economic health, local quality of life, pride, and community identity.

Program Service Accomplishments

Program 1
Expenses: $141,967 Revenue: $125,867

Downtown Growers Market - The market is home to over 75 New Mexican growers offering the highest quality produce available in Albuquerque, along with a wide array of talented local artists and a...

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Downtown Growers Market - The market is home to over 75 New Mexican growers offering the highest quality produce available in Albuquerque, along with a wide array of talented local artists and a delicious mix of prepared food artisans. Every week we feature a live band, community nonprofits, a bike valet service, and lots of community spirit! All are welcome! 70,000 individuals were served.

Program 2
Expenses: $147,265 Revenue: $11,279

Arts and Cultural District The Downtown Arts & Cultural District, made up of roughly 30 blocks in and around the Central Avenue corridor, works to support and promote creative work / local businesses...

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Arts and Cultural District The Downtown Arts & Cultural District, made up of roughly 30 blocks in and around the Central Avenue corridor, works to support and promote creative work / local businesses and institutions, and increase visitors to the area. Albuquerques Downtown is home to a unique array of assets, including artists, designers, filmmakers, galleries, museums, theaters, musicians, music venues, city festivals, restaurants, food trucks / kitchens, breweries, coffee shops, and creative entrepreneurs living and working in both formal and informal spaces. 20,000 individuals were served.

Program 3
Expenses: $135,771 Revenue: $6,571

Downtown Placemaking From our initial program to bring community placemaking to Civic Plaza which began in 2014, we have grown the program to bring placemaking to the larger Downtown. Through...

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Downtown Placemaking From our initial program to bring community placemaking to Civic Plaza which began in 2014, we have grown the program to bring placemaking to the larger Downtown. Through programming with Artwalk, a monthly downtown arts crawl event which we support through grant writing, event coordination, permitting, and promotion, to the Downtown Rail Trail community engagement project, to programs for murals and pop up music and food events, we strive to bring vitality to downtowns vacant and underutilized spaces. These programs are essential to bringing economic opportunity to our downtown businesses and organizations while providing community friendly events for our residents and visitors. Over 25,000 individuals were served.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $353,783
Program Service Revenue $144,267
Investment Income $145
Other Revenue $0
TOTAL REVENUE $498,195

Expense Breakdown

Grants Paid $250
Salaries & Benefits $306,140
Fundraising Expenses $40,387
Program Expenses $425,003
Other Expenses $215,245
TOTAL EXPENSES $521,635

Year-over-Year Comparison

2023 2022 Change
Revenue $498,195 $478,976 +0.0%
Expenses $521,635 $406,340 +0.3%
Net Income $-23,440 $72,636 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
11
Volunteers
20

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Rammelsberg President 3.00
Officer Director
$0 $0 $0
Mario Semiglia Treasurer 1.00
Director
$0 $0 $0
Julia Youngs Director 1.00
Director
$0 $0 $0
Bethany Tabor Secretary 1.00
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 $498,195 $521,635 $236,672 $-23,440
2022 $478,976 $406,340 $218,689 $72,636
2021 $351,957 $320,981 $124,273 $30,976
2020 $341,629 $276,282 $122,985 $65,347
2019 $331,933 $394,564 $26,157 $-62,631
2018 $478,703 $525,813 $161,899 $-47,110
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