Wichita Downtown Development Corporation (EIN 481252583) - 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

2002

Legal Domicile

Phone

3162646005

Tax Period

2024-01-01 to 2024-12-31

Wichita Downtown Development Corporation, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $471K, a strong 36% operating margin.

Mission

THE MISSION OF THE WICHITA DOWNTOWN DEVELOPMENT CORPORATION IS TO ENSURE A VIBRANT DOWNTOWN.

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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 $495,418

Program Service Revenue $822,292

Investment Income $6,221

Other Revenue $0

TOTAL REVENUE $1,323,931

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $299,576

Fundraising Expenses $0

Program Expenses $645,889

Other Expenses $542,772

TOTAL EXPENSES $853,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,323,931	$934,520	+0.4%
Expenses	$853,348	$913,394	-0.1%
Net Income	$470,583	$21,126	+21.3%

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

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

$493,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR TIFFANY MASSON	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
JOE SURMEIER	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
MARK SCHMELZLE	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
NATALIE GOSCH	PAST CHAIRPERSON	1.0	Officer Director	$0	$0	$0
AARON BASTIAN	DIRECTOR	1.0	Director	$0	$0	$0
ALAN BANTA	DIRECTOR	1.0	Director	$0	$0	$0
ALEX BREITENBACH	DIRECTOR	1.0	Director	$0	$0	$0
ANDREA HATTAN	DIRECTOR	1.0	Director	$0	$0	$0
ARLEN HAMILTON	DIRECTOR	1.0	Director	$0	$0	$0
BRANDON JOHNSON	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
BRIAN DAVIDSON	DIRECTOR	1.0	Director	$0	$0	$0
CHAD HANSON	DIRECTOR	1.0	Director	$0	$0	$0
CHRISSY ROBBEN	DIRECTOR	1.0	Director	$0	$0	$0
CRAIG THOMPSON	DIRECTOR	1.0	Director	$0	$0	$0
DALTON GLASSCOCK	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
DEBRA FRASER	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
DON SHERMAN	DIRECTOR	1.0	Director	$0	$0	$0
DR CINDY CLAYCOMB	DIRECTOR	1.0	Director	$0	$0	$0
JEFF JAMISON	DIRECTOR	1.0	Director	$0	$0	$0
JEREMY HURT	DIRECTOR	1.0	Director	$0	$0	$0
JESSIE HARTKE	DIRECTOR	1.0	Director	$0	$0	$0
JOE JOHNSON	DIRECTOR	1.0	Director	$0	$0	$0
JOE TIGERT	DIRECTOR	1.0	Director	$0	$0	$0
JOHN ROLFE	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
LARRY WEBER	DIRECTOR	1.0	Director	$0	$0	$0
MAGGIE BALLARD	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
NICOLE HOWERTON	DIRECTOR	1.0	Director	$0	$0	$0
PETE NAJERA	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
RYAN BATY	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
SAM CHANDLER	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT WADLE	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
SHARON FEAREY	DIRECTOR	1.0	Director	$0	$0	$0
SHELLY PRICHARD	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
STACEE OLDEN	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
SUSIE SANTO	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
TARA SHAFFER	DIRECTOR	1.0	Director	$0	$0	$0
TOM JOHNSON	DIRECTOR	1.0	Director	$0	$0	$0
TRACY HOOVER	DIRECTOR	1.0	Director	$0	$0	$0
TROY ANDERSON	EX OFFICIO MEMBER	1.0	Director	$0	$0	$0
HEATHER SCHROEDER	EXECUTIVE DIRECTOR	40.0	Officer	$75,415	$111	$75,526
JEFF FLUHR	PRESIDENT	7.0	Officer	$77,784	$28,612	$417,530
CYNTHIA WENTWORTH	EXECUTIVE VP OF STRATEGIC COMMUNICATIONS	8.0	Highest	$28,443	$18,590	$160,805

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	$1,323,931	$853,348	$1,370,946	$470,583
2023	$934,520	$913,394	$539,477	$21,126
2022	$905,514	$958,567	$471,525	$-53,053
2021	$816,570	$943,349	$542,586	$-126,779
2020	$941,080	$794,356	$743,113	$146,724
2019	$857,449	$963,876	$484,648	$-106,427
2018	$897,885	$805,323	$574,087	$92,562

Wichita Downtown Development Corporation