DOWNTOWN WYTHEVILLE INCORPORATED

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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

Phone

2762233343

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN WYTHEVILLE INCORPORATED, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $417K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $184K, a strong 44% operating margin.

Mission

TO STIMULATE DOWNTOWN REVITALIZATION AND ECONOMIC GROWTH IN WYTHEVILLE, VIRGINIA THROUGH ORGANIZATION, PROMOTION, AND DESIGN.

Program Service Accomplishments

Program 1

Expenses: $30,948

DOWNTOWN WYTHEVILLE, INC. CELEBRATED 10-YEARS OF BEING AN ACCREDITED MAIN STREET AMERICA AND VIRGINIA MAIN STREET PROGRAM SPURRING A CUMULATIVE INVESTMENT IN THE HISTORIC DOWNTOWN DISTRICT OF NEARLY $9.9 MILLION IN PUBLIC INVESTMENTS, $23.5 MILLION IN PRIVATE INVESTEMENTS, NEARLY 294 JOBS CREATED OR RETAINED, AND NEARLY 39,429 VOLUNTEER HOURS CONTRIBUTED (WORTH APPROXIMATELY $1.32 MILLION). IN 2024, DOWNTOWN WYTHEVILLE WAS SELECTED AS 1 OF 8 SEMIFINALISTS FOR THE PRESTIGIOUS GREAT AMERICAN MAIN STREET AWARD. DOWNTOWN WYTHEVILLE ALSO CONTINUED EXPANDING ITS COMMUNITY EVENTS WITH ALL EVENTS SEEING RECORD VISITATION AND ENGAGEMENT.

Program 2

Expenses: $17,500

DOWNTWON WYTHEVILLE, INC. ALSO BEGAN ADMINISTERING A VIRGINA MAIN STREET GRANT TO AID SMALL DOWNTOWN BUSINESSES IN MAKING INVESTMENTS TO LOWER AND STABILIZE THEIR UTILITY COSTS AS THIS ISSUE BECAME MORE PRONOUNCED DUE TO RISING ELECTRICITY RATES. THROUGH THIS PILOT PROGRAM, DOWNTOWN WYTHEVILLE HAS HELPED MODERNIZE MANY HISTORIC DOWNTOWN BUILDINGS THROUGH WEATHERIZATION UPGRADES, HVAC EFFICIENCY UPGRADES, LED LIGHTING, SMART ELECTRONICS, AND MANY OTHER CHANGES TO HELP LOWER THE BURDEN OF UTLITY RATES IN THESE HISTORIC PROPERTIES. THIS PILOT PROGRAM HAS NOT ONLY INTRODUCED THE ORGANIZATION TO MANY UNTAPPED RESOURCES FOR AIDING BUSINESSES AND PROPERTY OWNERS WITH PROJECTS LIKE THESE, BUT CONTINUES TO LEVERAGE ADDITIONAL GRANTS INTO LARGER PLANS TO ADDRESS THESE COSTS IN THE LONG TERM.

Program 3

Expenses: $12,930 Revenue: $1,500

DOWNTOWN WYTHEVILLE, INC. CONTINUED TO THE GROW WITH GOOGLE PARTNERSHIP WHICH ULTIMATELY REACHED NEARLY 2,000 PARTICIPANTS HELPING BUILD SMALL BUSINESSES ONLINE PRESENCE RESULTING IN THIS PROGRAM...

DOWNTOWN WYTHEVILLE, INC. CONTINUED TO THE GROW WITH GOOGLE PARTNERSHIP WHICH ULTIMATELY REACHED NEARLY 2,000 PARTICIPANTS HELPING BUILD SMALL BUSINESSES ONLINE PRESENCE RESULTING IN THIS PROGRAM WINNING VIRGINIA MAIN STREETS ENTREPRENEURIAL GAMECHANGER AWARD IN SUMMER 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400,402

Program Service Revenue $5,715

Investment Income $10,610

Other Revenue $0

TOTAL REVENUE $416,727

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $144,450

Fundraising Expenses $0

Program Expenses $61,378

Other Expenses $78,086

TOTAL EXPENSES $232,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,727	$276,363	+0.5%
Expenses	$232,536	$265,816	-0.1%
Net Income	$184,191	$10,547	+16.5%

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

N/A

Volunteers

N/A

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
DEB KING	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MEAGAN BOKOVOY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY GILLMAN	BOARD MEMBER NON VOTING	0.00	Director	$0	$0	$0
DARLENE LANG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH PENNINGTON	PRESIDENT	5.00	Officer	$0	$0	$0
SHANE TERRY	VICE PRESIDENT	3.00	Officer	$0	$0	$0
BETH COCHRAN	SECRETARY	3.00	Officer	$0	$0	$0
ROB KERN	TREASURER	3.00	Officer	$0	$0	$0
TODD WOLFORD	EXECUTIVE DIRECTOR	0.00	Officer	$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	$416,727	$232,536	$386,111	$184,191
2023	$276,363	$265,816	$208,379	$10,547
2022	$229,394	$180,092	$212,552	$49,302
2021	$183,266	$144,331	$154,973	$38,935
2020	$168,439	$139,478	$115,842	$28,961
2019	$154,598	$164,324	$86,992	$-9,726
2018	$259,633	$274,337	$99,478	$-14,704