DOWNTOWN TOPEKA FOUNDATION (EIN 481014188) - 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

1986

Legal Domicile

Principal Officer

JAMES PARRISH

Phone

7852342644

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN TOPEKA FOUNDATION, founded in 1986, is a small nonprofit that reported $938K in total revenue in fiscal year 2024. Expenses of $810K left a modest 14% surplus.

Mission

TO RAISE AND EXPEND FUNDS FOR THE PURPOSES OF PRESERVING, RESTORING AND IMPROVING BUILDINGS, LANDS, STREETS, PARKS, MONUMENTS AND OTHER HISTORICAL AND CULTURAL ASPECTS OF THE DOWNTOWN AREA OF TOPEKA, 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 (2024)

Revenue Breakdown

Contributions & Grants $814,628

Program Service Revenue $115,419

Investment Income $7,703

Other Revenue $0

TOTAL REVENUE $937,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $718,236

Other Expenses $810,168

TOTAL EXPENSES $810,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$937,750	$972,852	0.0%
Expenses	$810,168	$1,460,194	-0.4%
Net Income	$127,582	$-487,342	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON HEILAND III	TREASURER	1.00	Officer Director	$0	$0	$0
JACQUE RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES PARRISH	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON HUMPHREY	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER SOURK	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN SCOTT	CHAIR	1.00	Officer Director	$0	$0	$0
KURT YOUNG	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MIKE MORSE	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT GALES	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE FRYE	BOARD MEMBER	1.00	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	$937,750	$810,168	$7,924,725	$127,582
2023	$972,852	$1,460,194	$8,063,967	$-487,342
2022	$967,172	$1,244,806	$8,729,982	$-277,634
2021	$782,146	$988,092	$9,052,575	$-205,946
2020	$989,588	$818,097	$9,394,752	$171,491
2019	$1,745,936	$199,950	$10,162,674	$1,545,986
2018	$5,689,382	$105,540	$8,001,594	$5,583,842

DOWNTOWN TOPEKA FOUNDATION