DOWNTOWN FREDERICK PARTNERSHIP INC (EIN 521682341) - 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

1990

Legal Domicile

Principal Officer

KARA NORMAN

Phone

3016988118

Tax Period

2023-07-01 to 2024-06-30

DOWNTOWN FREDERICK PARTNERSHIP INC, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

DOWNTOWN FREDERICK PARTNERSHIP WORKS TO ENHANCE, PROMOTE AND PRESERVE THE VITALITY, LIVABILITY AND DIVERSITY OF DOWNTOWN FREDERICK, A NATIONAL MAIN STREET COMMUNITY.

🔒

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 $1,145,990

Program Service Revenue $921,625

Investment Income $26,834

Other Revenue $0

TOTAL REVENUE $2,094,449

Expense Breakdown

Grants Paid $106,961

Salaries & Benefits $414,778

Fundraising Expenses $22,343

Program Expenses $1,937,022

Other Expenses $1,534,774

TOTAL EXPENSES $2,056,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,094,449	$2,133,762	0.0%
Expenses	$2,056,513	$1,949,176	+0.1%
Net Income	$37,936	$184,586	-0.8%

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

Volunteers

722

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

$144,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK MCGEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MINDY CAWLEY	DIRECTOR	2.00	Director	$0	$0	$0
KATIE NASH	DIRECTOR	2.00	Director	$0	$0	$0
DANNY SEVERN	DIRECTOR	2.00	Director	$0	$0	$0
KATE KURANDA	DIRECTOR	2.00	Director	$0	$0	$0
KARYN LOVINS	DIRECTOR	2.00	Director	$0	$0	$0
APRIL LEE	DIRECTOR	2.00	Director	$0	$0	$0
MARIEN HORNYAK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDY DUBAY	DIRECTOR	2.00	Director	$0	$0	$0
BECKY KALER	DIRECTOR	2.00	Director	$0	$0	$0
NKEM WELLINGTON	DIRECTOR	2.00	Director	$0	$0	$0
CASSIE SENN VAIRA	DIRECTOR	2.00	Director	$0	$0	$0
JILL ASCHER	DIRECTOR	2.00	Director	$0	$0	$0
CARLO SERIO	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS FOREMAN	DIRECTOR	2.00	Director	$0	$0	$0
BOB GOFF	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK HARRIGAN	DIRECTOR	2.00	Director	$0	$0	$0
CARLY OGDEN	DIRECTOR	2.00	Director	$0	$0	$0
KARA NORMAN	EXECUTIVE DIRECTOR	40.00	Officer	$130,483	$14,230	$144,713

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	No data	No data	No data	No data
2024	$2,094,449	$2,056,513	$1,140,878	$37,936
2023	$2,133,762	$1,949,176	$1,114,528	$184,586
2022	$1,886,977	$1,588,028	$872,572	$298,949
2021	$1,323,150	$1,353,098	$601,571	$-29,948
2020	$1,120,183	$1,168,264	$589,985	$-48,081
2019	$1,277,817	$1,267,103	$557,076	$10,714

DOWNTOWN FREDERICK PARTNERSHIP INC