DOWNTOWN KENOSHA INC

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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

Legal Domicile

Principal Officer

DEREK PETERSEN

Tax Period

2021-01-01 to 2021-12-31

DOWNTOWN KENOSHA INC is a micro nonprofit that reported $31K in total revenue in fiscal year 2021. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $178K exceeded revenue, resulting in a 467% operating deficit.

Mission

DOWNTOWN KENOSHA INC. IS A CHAMPION FOR A THRIVING AND VIBRANT CITY CENTER THAT HONORS TRADITIONS, CELEBRATES PROGRESS, AND ENGAGES OUR COMMUNITY IN CONCERTED EFFORTS TO FOSTER A COMFORTABLE, WELCOMING AND THRIVING ENVIRONMENT WHERE BUSINESSES, BOTH NEW AND OLD, PROSPER; WHERE THE COMMUNITY GATHERS; AND WHERE PEOPLE OF ALL AGES AND FROM ALL WALKS OF LIFE COME TO LIVE, WORK, PLAY, AND INVEST.

Program Service Accomplishments

Program 1

Expenses: $151,889

FOUR VOLUNTEER COMMITTEES (DESIGN, ORGANIZATION, PROMOTION, AND ECONOMIC RESTRUCTURING) WERE ESTABLISHED AND EACH DEVELOPED WORK PLANS TO SUPPORT LOCAL BUSINESSES AND BRING NEW CUSTOMERS DOWNTOWN...

FOUR VOLUNTEER COMMITTEES (DESIGN, ORGANIZATION, PROMOTION, AND ECONOMIC RESTRUCTURING) WERE ESTABLISHED AND EACH DEVELOPED WORK PLANS TO SUPPORT LOCAL BUSINESSES AND BRING NEW CUSTOMERS DOWNTOWN. KENOSHA WAS DESIGNATED A MAIN STREET COMMUNITY IN JULY 2013 AND, IN OCTOBER 2014, DOWNTOWN KENOSHA, INC. RECEIVED ITS 501(C)(3) STATUS AS A NON-PROFIT CORPORATION. DOWNTOWN KENOSHA, INC. HOSTS PROMOTIONAL EVENTS--INCLUDING MONTHLY SECOND SATURDAY EVENTS, A HOLIDAY TREE LIGHTING AND DOWNTOWN DECORATING EVENT, A WINTER SNOW DAZE FESTIVAL, AND AN EASTER EVENT--TO IMPROVE THE PERCEPTION OF DOWNTOWN AND ATTRACT A GROWING CUSTOMER BASE TO DOWNTOWN BUSINESSES. DOWNTOWN KENOSHA, INC. ALSO COORDINATED VISITS AND WORKED ON FEASIBILITY STUDIES FOR PROSPECTIVE DEVELOPERS TO REDEVELOP VACANT PROPERTIES IN THE DOWNTOWN AREA. DOWNTOWN KENOSHA, INC. DEVELOPED PLANS AND APPLIED FOR GRANTS FOR INFRASTRUCTURE IMPROVEMENTS AND TECHNICAL ASSISTANCE TO IMPROVE DOWNTOWN KENOSHAS PUBLIC SPACE, STREETSCAPE, ROADS, TRANSIT, AND PEDESTRIAN ACCESS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $25,915

Program Service Revenue $2,982

Investment Income $20

Other Revenue $2,530

TOTAL REVENUE $31,447

Expense Breakdown

Grants Paid $73,646

Salaries & Benefits $84,017

Fundraising Expenses $0

Program Expenses $151,889

Other Expenses $20,492

TOTAL EXPENSES $178,155

Year-over-Year Comparison

	2021	2020	Change
Revenue	$31,447	$557,703	-0.9%
Expenses	$178,155	$512,467	-0.7%
Net Income	$-146,708	$45,236	-4.2%

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

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
AJILLIAN DAY BURRELL	DIRECTOR	N/A	Director	$0	$0	$0
TINA CHATMON	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL HERNANDEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
MICK KELLY	DIRECTOR	N/A	Director	$0	$0	$0
ALEX KUDRNA	DIRECTOR	N/A	Director	$0	$0	$0
MATT MONROE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SCOTT OLSON	DIRECTOR	N/A	Director	$0	$0	$0
DEREK PETERSEN	TREASURER	N/A	Officer Director	$0	$0	$0
BILL SIEL	DIRECTOR	N/A	Director	$0	$0	$0
AJ SWARTZ	DIRECTOR	N/A	Director	$0	$0	$0
RICK TAGLIAPIETRA	PRESIDENT	N/A	Officer Director	$0	$0	$0
HEATHER WESSLING	IMMEDIATE PA	N/A	Director	$0	$0	$0
BRIT WINDEL	DIRECTOR	N/A	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
2021	$31,447	$178,155	$90,839	$-146,708
2020	$557,703	$512,467	$208,029	$45,236
2019	$240,515	$248,388	$168,705	$-7,873