Florence Downtown Development Corporation Inc (EIN 522382818) - 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

Principal Officer

Ken Jackson

Phone

8436785913

Tax Period

2024-07-01 to 2025-06-30

Florence Downtown Development Corporation Inc, founded in 2002, is a small nonprofit in the Environment sector that reported $455K in total revenue in fiscal year 2024. The organization ran a surplus of $89K, a strong 20% operating margin.

Mission

To promote the redevelopment and revitalization of the downtown redevelopment district.

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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 $159,654

Program Service Revenue $288,528

Investment Income $6,738

Other Revenue $0

TOTAL REVENUE $454,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $365,737

Other Expenses $365,998

TOTAL EXPENSES $365,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,920	$422,479	+0.1%
Expenses	$365,998	$355,070	+0.0%
Net Income	$88,922	$67,409	+0.3%

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

N/A

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
Dr Luther F Carter	Board of Directors	2.00	Director	$0	$0	$0
Lesli McGee	Vice Chairman	2.00	Officer Director	$0	$0	$0
Ken Jackson	Board Chairman	1.00	Officer Director	$0	$0	$0
Ed Love	Board of Directors	0.50	Director	$0	$0	$0
Dr Calvin Robinson	Board of Directors	0.50	Director	$0	$0	$0
Carl Humphries	Treasurer	0.50	Officer Director	$0	$0	$0
Marvin James	Board of Directors	0.50	Director	$0	$0	$0
Tim Norwood	Board of Directors	0.50	Director	$0	$0	$0
Scotty Davis	Board of Directors	0.50	Director	$0	$0	$0
Lethonia Barnes	Board of Directors	0.50	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	$454,920	$365,998	$1,190,484	$88,922
2024	$422,479	$355,070	$1,296,006	$67,409
2023	$355,786	$376,035	$1,220,758	$-20,249
2022	$349,597	$375,278	$1,241,699	$-25,681
2021	$244,033	$141,361	$1,266,126	$102,672
2020	$362,979	$351,852	$1,249,776	$11,127
2019	$609,882	$550,145	$1,247,296	$59,737

Florence Downtown Development Corporation Inc