ROANOKE FOUNDATION FOR DOWNTOWN INC

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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

1993

Legal Domicile

Principal Officer

STEVE MUSSELWHITE

Phone

5403422028

Tax Period

2019-07-01 to 2020-06-30

ROANOKE FOUNDATION FOR DOWNTOWN INC, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $63K in total revenue in fiscal year 2019. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $163K exceeded revenue, resulting in a 157% operating deficit.

Mission

ASSISTING AND PROMOTING PROJECTS AND ACTIVITIES RELATING TO OR BENEFITING THE DOWNTOWN AREA OF THE CITY OF ROANOKE.

Program Service Accomplishments

Program 1

Expenses: $150,000

PROVIDED RESOURCES FOR WAYFINDING SIGNAGE IN THE DOWNTOWN AREA.

Program 2

Expenses: $5,641

PROVIDED RESOURCES FOR HANGING FLOWER BASKETS IN THE DOWNTOWN AREA.

Program 3

Expenses: $2,500

PROVIDED RESOURCES FOR SHAMROCK FESTIVAL IN 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 (2019)

Revenue Breakdown

Contributions & Grants $8,230

Program Service Revenue $0

Investment Income $55,241

Other Revenue $0

TOTAL REVENUE $63,471

Expense Breakdown

Grants Paid $158,141

Salaries & Benefits $0

Fundraising Expenses $30

Program Expenses $158,141

Other Expenses $4,681

TOTAL EXPENSES $162,822

Year-over-Year Comparison

	2019	2018	Change
Revenue	$63,471	$40,486	+0.6%
Expenses	$162,822	$9,499	+16.1%
Net Income	$-99,351	$30,987	-4.2%

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

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
BEVERLY T FITZPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN C HALL	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND D SMOOT JR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN W LEMON	DIR AND PRES	1.00	Officer Director	$0	$0	$0
THOMAS MCKEON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MUSSELWHITE	DIR AND VICE	1.00	Officer Director	$0	$0	$0
MELISSA PALMER	DIRECTOR	1.00	Director	$0	$0	$0
TONY PEARMAN	DIR AND SECR	1.00	Officer Director	$0	$0	$0
WILLIAM D POE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH B WRIGHT	DIR AND TREA	2.00	Officer 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
2020	$63,471	$162,822	$273,389	$-99,351