AURORA DOWNTOWN (EIN 510174902) - 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

1975

Legal Domicile

Principal Officer

CORT CARLSON

Phone

6302563196

Tax Period

2025-01-01 to 2025-12-31

AURORA DOWNTOWN, founded in 1975, is a micro nonprofit that reported $28K in total revenue in fiscal year 2025. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 356% operating deficit.

Mission

THE MISSION OF AURORA DOWNTOWN IS TO DO ALL THINGS NECESSARY TO RELIEVE POVERTY AND COMBAT COMMUNITY DETERIORATION BY IMPROVING, REDEVELOPING, AIDING AND ASSISTING BUSINESS ENTERPRISES AND PERSONS WITHIN THE GEOGRAPHIC BOUNDARIES DESCRIBED BY CITY OF AURORA ORDINANCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $25,753

Program Service Revenue $1,800

Investment Income $10

Other Revenue $152

TOTAL REVENUE $27,715

Expense Breakdown

Grants Paid $48,229

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,927

Other Expenses $78,090

TOTAL EXPENSES $126,319

Year-over-Year Comparison

	2025	2024	Change
Revenue	$27,715	$189,558	-0.9%
Expenses	$126,319	$297,685	-0.6%
Net Income	$-98,604	$-108,127	-0.1%

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
CORT CARLSON	STANDING DIR	1.50	Officer Director	$0	$0	$0
TRAVIS ANDRY	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTINE SCHMIDT	SECRETARY	1.00	Officer Director	$0	$0	$0
BART GROMETER	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL RODRIQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
BERNIE LASKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA URRUTIA	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL WHELAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN PERRAULT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BIERSDORF	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DUPLESSIS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MENDOZA	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR RICHARD IRVING	DIRECTOR	1.00	Director	$0	$0	$0
JILL MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM EBEL	DIRECTOR	1.00	Director	$0	$0	$0
HARISH ANANTHAPADMANABHAN	DIRECTOR	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
2025	$27,715	$126,319	No data	$-98,604
2024	$189,558	$297,685	$98,702	$-108,127
2023	$317,073	$301,008	$211,651	$16,065
2022	$295,045	$316,017	$191,977	$-20,972
2021	$320,176	$322,941	$212,989	$-2,765
2020	$386,094	$316,772	$215,762	$69,322
2019	$308,762	$303,497	$146,905	$5,265
2018	$310,964	$272,608	$149,695	$38,356

AURORA DOWNTOWN