DOWNTOWN SOUTH BEND INC FOUNDATION

EIN: 475554240 501(c)(3) Philanthropy & Grantmaking

SOUTH BEND, IN

Total Revenue
$49,393
Total Expenses
$48,812
Total Assets
$11,394
Net Assets
$2,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
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.

Program Service Accomplishments

Program 1
Expenses: $48,776

ASSISTANCE TO PARENT ORGANIZATION, DOWNTOWN SOUTH BEND, INC., WHOSE MISSION IS TO ADVANCE THE VITALITY OF DOWNTOWN SOUTH BEND THROUGH OFFERING BUSINESS RESOURCES, SUPPORT, INITIATIVES, AND...

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ASSISTANCE TO PARENT ORGANIZATION, DOWNTOWN SOUTH BEND, INC., WHOSE MISSION IS TO ADVANCE THE 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%)

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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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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
20

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
5
$117,586
Total Directors
21
$117,586
Key Employees
0
$0
Highest Compensated
0
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
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