DOWNTOWN TOPEKA INC (EIN 480694197) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

JOSHUA PATTERSON

Phone

7852342644

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN TOPEKA INC, founded in 1964, is a small nonprofit that reported $560K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO ENSURE THAT TOPEKA'S DOWNTOWN IS THE CENTER OF A THRIVING REGIONAL ECONOMY THROUGH RECRUITING, RETAINING AND ENGAGING COMMERCIAL, CULTURAL AND RESIDENTIAL OPPORTUNITIES. DTI ADMINISTERS SEVERAL PROGRAMS ON BEHALF OF THE CITY OF TOPEKA INCLUDING THE DOWNTOWN BUSINESS IMPROVEMENT DISTRICT AND THE DOWNTOWN TOPEKA REDEVELOPMENT INCENTIVE GRANT PROGRAM. DTI WORKS CLOSELY WITH THE DOWNTOWN BUSINESSES AS A LEADING ADVOCATE ON ISSUES THAT AFFECT THEIR ECONOMIC WELL-BEING AND ACTS AS A LIAISON BETWEEN DIVERSE INTEREST GROUPS AND GOVERNMENT. IT WORKS CLOSELY WITH AND SUPPORTS THE DOWNTOWN TOPEKA FOUNDATION AND THE TOPEKA AND SHAWNEE COUNTY RIVERFRONT AUTHORITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $411,834

Program Service Revenue $145,843

Investment Income $1,843

Other Revenue $965

TOTAL REVENUE $560,485

Expense Breakdown

Grants Paid $27,217

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $526,370

TOTAL EXPENSES $553,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,485	$468,385	+0.2%
Expenses	$553,587	$530,233	+0.0%
Net Income	$6,898	$-61,848	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$205,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY LEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICIA VANWALLEGHEM	BOARD MEMBER	1.00	Director	$0	$0	$0
CALEB ASHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY GRABER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD CARSTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLINT PATTY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELE STANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC GROSPITCH	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH WAGONER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BARONET	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER SOURK	CHAIR	1.00	Officer Director	$0	$0	$0
KAREN HILLER COUNCIL MEMBER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN SCHMANKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN SCOTT	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
LANE MCNEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY GAWRONSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA STUBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MACKENZI MONDESIR	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
MATT KOUPAL	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN SCHWERDT WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICKI SALAZAR	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT GALES	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSANA ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD KONKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY GILFILLAN	PRESIDENT	39.00	Officer	$0	$13,885	$92,208
JOSHUA PATTERSON	CFO	3.00	Officer	$0	$30,506	$113,697

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	$560,485	$553,587	$294,702	$6,898
2022	$468,385	$530,233	$178,709	$-61,848
2021	$434,982	$465,642	$157,654	$-30,660
2020	$359,407	$352,165	$121,106	$7,242
2019	$419,260	$419,401	$64,411	$-141
2018	$612,258	$622,029	$288,693	$-9,771

DOWNTOWN TOPEKA INC