Downtown Lynchburg Association (EIN 541829693) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Downtown Lynchburg Association, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $287K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year.

Mission

To create a strong, vibrant and welcoming Downtown with a unique and historic character.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $418,992

Program Service Revenue $267,997

Investment Income $1,725

Other Revenue $55,072

TOTAL REVENUE $743,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,086

Fundraising Expenses $63,832

Program Expenses $528,250

Other Expenses $328,464

TOTAL EXPENSES $669,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$743,786	$473,855	+0.6%
Expenses	$669,550	$448,041	+0.5%
Net Income	$74,236	$25,814	+1.9%

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

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
Don Pendleton	Director	3.00	Director	$0	$0	$0
Rick Loving	Director	3.00	Director	$0	$0	$0
Billy Hansen	Director	3.00	Director	$0	$0	$0
Dennis Marcinik	Director	3.00	Director	$0	$0	$0
Wynter Benda	Director	3.00	Director	$0	$0	$0
Bill Bodine	Director	3.00	Director	$0	$0	$0
Brandon Jones	Director	3.00	Director	$0	$0	$0
Brandon Farmer	Director	3.00	Director	$0	$0	$0
David Cook	Director	3.00	Director	$0	$0	$0
Todd Leap	Director	3.00	Director	$0	$0	$0
Court Shipman	Director	3.00	Director	$0	$0	$0
Jannett Spearman	Director	3.00	Director	$0	$0	$0
Dave Midkiff	Vice President	3.00	Officer Director	$0	$0	$0
Sandy Lawrence	Treasurer	3.00	Officer Director	$0	$0	$0
Chris Boswell	President	3.00	Officer Director	$0	$0	$0
Ashley Rae Vaughn	Secretary	3.00	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
2024	No data	No data	No data	No data
2023	$743,786	$669,550	$633,794	$74,236
2022	$473,855	$448,041	$462,482	$25,814
2021	$425,819	$426,553	$274,396	$-734
2020	$290,475	$331,172	$275,753	$-40,697
2019	$347,702	$347,444	$299,139	$258
2018	$286,669	$297,817	$304,509	$-11,148

Downtown Lynchburg Association