DOWNTOWN MERCHANTS OF BLACKSBURG I… - Form 990 Financial Data

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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

LEIGH SUTHERLAND TREASURER

Phone

5409510454

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN MERCHANTS OF BLACKSBURG INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE DOWNTOWN MERCHANTS OF BLACKSBURG HAS AND WILL CONTINUE TO CONDUCT VARIOUS PROMOTIONAL EVENTS FOR THE DOWNTOWN AREA OF THE COMMUNITY. FUNDS GENERATED THROUGH EVENTS AND MEMBERSHIP DUES ARE CHANNELED BACK INTO THE COMMUNITY FOR DOWNTOWN IMPROVEMENTS IN ACCORDANCE WITH THE DOWNTOWN MASTER PLAN AND SUPPORT FOR COMMUNITY PROJECTS. THE ACTIVITIES WILL BE CONDUCTED THROUGH THE EFFORTS OF THE DIRECTOR OF THE DMOB AS WELL AS VOLUNTEERS FROM WITHIN THE ORGANIZATION.

Program Service Accomplishments

Program 1

DOWNTOWN COMMUNITY TOURISM & INVOLVEMENT

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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 $75,788

Program Service Revenue $121,893

Investment Income $726

Other Revenue $26,797

TOTAL REVENUE $225,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,355

Fundraising Expenses $0

Other Expenses $162,651

TOTAL EXPENSES $238,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,204	$206,177	+0.1%
Expenses	$238,006	$222,656	+0.1%
Net Income	$-12,802	$-16,479	-0.2%

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

100

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
MAX BAREISS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SETH DAVIS	TREASURER	1.00	Officer Director	$0	$0	$0
RENEE ALARID	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN WOOD	BOARD MEMBER	N/A	Director	$0	$0	$0
TRACIE HUGHES	EXECUTIVE DIRECTOR	40.00	Director Key Emp Highest	$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	$225,204	$238,006	$133,796	$-12,802
2023	$206,177	$222,656	$146,153	$-16,479
2022	$173,652	$190,697	$141,977	$-17,045
2021	$132,348	$138,957	$166,430	$-6,609
2020	$106,158	$102,930	$140,215	$3,228
2019	$136,982	$128,500	$141,915	$8,482

DOWNTOWN MERCHANTS OF BLACKSBURG INC