DOWNTOWN LAWRENCE INC

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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

1976

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

DOWNTOWN LAWRENCE INC, founded in 1976, is a small nonprofit that reported $604K in total revenue in fiscal year 2020. Revenue surged 179% from the prior year, signaling strong growth momentum. Expenses of $554K left a modest 8% surplus.

Mission

TO PRESERVE, PROTECT, AND PROMOTE DOWNTOWN LAWRENCE AS THE RETAIL, SERVICE, PROFESSIONAL, GOVERNMENTAL, ENTERTAINMENT, AND SOCIAL CENTER OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $381,519 Revenue: $405,000

DISTRIBUTION OF CARES ACT GRANT FUNDING TO SUPPORT RETAIL AND SERVICE BUSINESSES IN DOUGLAS COUNTY THAT WERE NEGATIVELY IMPACTED BY COVID-19

Program 2

Expenses: $172,908 Revenue: $199,368

PROMOTION AND PRESERVATION OF THE CENTRAL BUSINESS DISTRICT OF THE CITY OF LAWRENCE, KANSAS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $472,000

Program Service Revenue $127,261

Investment Income $95

Other Revenue $5,107

TOTAL REVENUE $604,463

Expense Breakdown

Grants Paid $381,519

Salaries & Benefits $76,801

Fundraising Expenses $0

Program Expenses $554,427

Other Expenses $96,107

TOTAL EXPENSES $554,427

Year-over-Year Comparison

	2020	2019	Change
Revenue	$604,463	$216,288	+1.8%
Expenses	$554,427	$230,356	+1.4%
Net Income	$50,036	$-14,068	-4.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY CORCORAN	DIRECTOR	2.00	Director	$0	$0	$0
EMILY GUFFEY	DIRECTOR	2.00	Director	$0	$0	$0
MIKE LOGAN	DIRECTOR	2.00	Director	$0	$0	$0
EMILY PETERSON	PAST PRESIDENT	2.00	Director	$0	$0	$0
MALEY WILKINS	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH MOORE	SECRETARY	2.00	Officer Director	$0	$0	$0
CODI BATES	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK WATKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MAREN LUDWIG	TREASURER	2.00	Officer Director	$0	$0	$0
SALLY ZOGRY	EXECUTIVE DIRECTOR	40.00	Officer	$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
2020	$604,463	$554,427	$66,658	$50,036
2019	$216,288	$230,356	$15,815	$-14,068
2018	$223,227	$225,144	$30,468	$-1,917