DOWNTOWN SOUTH BEND INC FOUNDATION (EIN 475554240) - 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

2015

Legal Domicile

Principal Officer

WILLOW WETHERALL

Phone

5742821110

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN SOUTH BEND INC FOUNDATION, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $49K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION IS COMMITTED TO THE ADVANCEMENT AND VITALITY OF DOWNTOWN SOUTH BEND THROUGH OFFERING BUSINESS RESOURCES, SUPPORT, INITIATIVES, AND INCENTIVES; PRESENTING MARKETING AND EVENTS TO ATTRACT VISITORS; AND HIGHLIGHTING DOWNTOWN AS THE CENTER FOR ARTS.

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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 $49,393

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $49,393

Expense Breakdown

Grants Paid $48,776

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,776

Other Expenses $36

TOTAL EXPENSES $48,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,393	$71,721	-0.3%
Expenses	$48,812	$70,804	-0.3%
Net Income	$581	$917	-0.4%

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

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

$117,586

Total Directors

$117,586

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLOW WETHERALL	EXEC DIRECTO	1.00	Officer Director	$0	$13,631	$117,586
CALEB BAUER	DIRECTOR	0.10	Director	$0	$0	$0
CHRIS BARTH	DIRECTOR	0.10	Director	$0	$0	$0
ROB DECLEENE	DIRECTOR	0.10	Director	$0	$0	$0
ANGIE DVORAK	DIRECTOR	0.10	Director	$0	$0	$0
BRAD EMBERTON	DIRECTOR	0.10	Director	$0	$0	$0
MATT GRAY	DIRECTOR	0.10	Director	$0	$0	$0
GAGE HUDAK	DIRECTOR	0.10	Director	$0	$0	$0
JEFF JARNECKE	DIRECTOR	0.10	Director	$0	$0	$0
CALVIN JOHNSON	DIRECTOR	0.10	Director	$0	$0	$0
MATT KAHN	DIRECTOR	0.10	Director	$0	$0	$0
PATRICK MCGUIRE	DIRECTOR	0.10	Director	$0	$0	$0
HANNA NICHOLS	DIRECTOR	0.10	Director	$0	$0	$0
GWEN O'BRIEN	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT RUSZKOWSKI	DIRECTOR	0.10	Director	$0	$0	$0
JERRY THOMA	DIRECTOR	0.10	Director	$0	$0	$0
BIANCA TIRADO	DIRECTOR	0.10	Director	$0	$0	$0
SARAH KUHNY	SECRETARY	0.50	Officer Director	$0	$0	$0
MARK MCDONNELL	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAN SMOGER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
DANIELLE MEERSMAN	TREASURER	0.50	Officer 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	$49,393	$48,812	$11,394	$581
2023	$71,721	$70,804	$9,668	$917
2022	$46,648	$46,450	$5,141	$198
2021	$15,627	$15,593	$16,093	$34
2020	$10,761	$23,350	$459	$-12,589
2019	$30,527	$56,147	$13,048	$-25,620
2018	$51,823	$45,338	$38,668	$6,485

DOWNTOWN SOUTH BEND INC FOUNDATION