LOVELAND DOWNTOWN PARTNERSHIP (EIN 472240377) - 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

CAITLIN WYRICK

Phone

9706992856

Tax Period

2023-01-01 to 2023-12-31

LOVELAND DOWNTOWN PARTNERSHIP, founded in 2014, is a small nonprofit that reported $825K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE LOVELAND DOWNTOWN PARTNERSHIP PROVIDES A MEANS FOR DEVELOPMENT OR REDEVELOPMENT OF THE DOWNTOWN AREA, AS WELL AS COORDINATING ACTIVITIES, PROJECTS AND PROGRAMS THAT ENHANCE DOWNTOWN AS A CIVIC, CULTURAL, SOCIAL AND ECONOMIC CENTER.

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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 $517,264

Program Service Revenue $297,446

Investment Income $9,866

Other Revenue $0

TOTAL REVENUE $824,576

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $342,295

Fundraising Expenses $0

Program Expenses $873,429

Other Expenses $649,664

TOTAL EXPENSES $1,016,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$824,576	$827,867	0.0%
Expenses	$1,016,959	$735,405	+0.4%
Net Income	$-192,383	$92,462	-3.1%

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
CAITLIN WYRICK	CHAIR	2.00	Officer Director	$0	$0	$0
SHANE MCWATTERS	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
HEATHER LELCHOOK	BOARD MEMBER	2.00	Director	$0	$0	$0
ZACH ANDERSSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MEAGAN GRIESEL	BOARD MEMBER	2.00	Director	$0	$0	$0
SOSAMMA SAMUEL-BURNETT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
TY DANNENBRING	BOARD MEMBER	2.00	Director	$0	$0	$0
CASEY KISER	BOARD MEMBER	2.00	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	$824,576	$1,016,959	$418,521	$-192,383
2022	$827,867	$735,405	$660,905	$92,462
2021	$729,405	$597,174	$579,365	$132,231
2020	$636,691	$607,536	$449,718	$29,155
2019	$769,915	$716,138	$458,712	$53,777
2018	$608,140	$569,875	$323,666	$38,265

LOVELAND DOWNTOWN PARTNERSHIP