Downtown ABQ Mainstreet Initiative (EIN 464750143) - 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

2014

Legal Domicile

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.

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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 $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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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

Total Directors

Key Employees

Highest Compensated

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

Downtown ABQ Mainstreet Initiative