LOVELAND DOWNTOWN PARTNERSHIP

EIN: 472240377

LOVELAND, CO

Total Revenue
$824,576
Total Expenses
$1,016,959
Total Assets
$418,521
Net Assets
$405,199
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CO
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

TO CREATE A VIBRANT DOWNTOWN THAT PROVIDES A SAFE, DYNAMIC ENVIRONMENT TO GATHER, LIVE, EDUCATE, SHOP, WORK AND PLAY

Program Service Accomplishments

Program 1
Expenses: $873,429 Revenue: $307,312

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...

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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.

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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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
4
Volunteers
45

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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