LOVELAND, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO CREATE A VIBRANT DOWNTOWN THAT PROVIDES A SAFE, DYNAMIC ENVIRONMENT TO GATHER, LIVE, EDUCATE, SHOP, WORK AND PLAY
THE CORPORATION IS ORGANIZED AS A CIVIC LEAGUE OR SOCIAL WELFARE ORGANIZATION WITHIN THE MEANING OF SEC 501(C)(4) IRC 1986. THE PURPOSES OF THE CORPORATION ARE (A) TO PROVIDE A MEANS FOR PERSONS...
THE CORPORATION IS ORGANIZED AS A CIVIC LEAGUE OR SOCIAL WELFARE ORGANIZATION WITHIN THE MEANING OF SEC 501(C)(4) IRC 1986. THE PURPOSES OF THE CORPORATION ARE (A) TO PROVIDE A MEANS FOR PERSONS INTERESTED IN THE DEVELOPMENT OR REDEVELOPMENT OF THE DOWNTOWN AREA, TO IDENTIFY, DISCUSS AND ACT TO ADDRESS ISSUES CONCERNING THE DOWNTOWN AREA; (B) TO COORDINATE ACTIVITIES, PROJECTS AND PROGRAMS WHICH WILL ENHANCE THE DOWNTOWN AS A CIVIC, CULTURAL, SOCIAL, AND ECONOMIC CENTER AND A PLACE WHERE PEOPLE CAN LIVE, WORK, CONDUCT BUSINESS AND ENJOY A BETTER QUALITY OF LIFE; (C) TO PROMOTE COOPERATION AMONG THE PUBLIC AND PRIVATE SECTORS TO PROMOTE THE DOWNTOWN AREA; AND (D) TO ENCOURAGE THE COMMITMENT OF PUBLIC AND PRIVATE RESOURCES TO THE PLANNING AND DEVELOPMENT OR REDEVELOPMENT AND FAVORABLE MARKETING OF THE DOWNTOWN.SERVICE CONTRACT (ANNUALLY APPROPRIATED) WITH THE CITY OF LOVELAND OUTLINING GOALS, INCLUDINGA. CREATING A COMMUNICATIONS AND A MARKETING PLAN FOR THE DOWNTOWN.B. CREATING A SUSTAINABLE DOWNTOWN DEVELOPMENT AUTHORITYC. ADMINISTER A FACADE REIMBURSEMENT PROGRAMD. CULTURAL AND CIVIC EVENTS/PROMOTIONS IN THE DOWNTOWNE. EDUCATION/ADVOCACY FOR DOWNTOWN BUSINESSESIN 2023 THIS INCLUDED PASSING THE MIL LEVY TO FUND THE HISTORIC LOVELAND BUSINESS IMPROVEMENT DISTRICT AND WOKING TO RENOVATE THE HISTORIC STRUCTURES IN THE DOWNTOWN DISTRICT. WE ALSO HAD A SUCCESSFUL PRODUCTION OF THE ONE SWEET SUMMER EVENT SERIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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