DANVILLE, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DOWNTOWN DANVILLE ASSOCIATION DBA RIVER DISTRICT ASSOCIATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2017. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $209K left a modest 4% surplus.
TO ENSURE THE LONG TERM VIABILITY OF DANVILLE'S RIVER DISTRICT AS A CENTER OF BUSINESS AND CIVIC LIFE, AND A SOURCE OF COMMUNITY PRIDE. RDA CARRIES OUT THIS MISSION THROUGH ACTIVITIES TO ATTRACT AND RETAIN BUSINESSES, RESIDENTS AND VISITORS WHILE PROMOTING DANVILLE'S HIGH QUALITY OF LIFE, PRESERVING ITS HISTORIC AND CULTURAL ASSETS, AND CAPITALIZING ON ITS UNIQUE LOCATION ALONG THE DAN RIVER. RDA WORKS IN PARTNERSHIP WITH THE CITY OF DANVILLE AND OTHER STAKEHOLDERS TO REEXAMINE THIS VISION AS THE AREA CHANGES AND ACHIEVES IMPORTANT MILESTONES.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $579,150 | $708,241 | -0.2% |
| Expenses | $706,213 | $494,659 | +0.4% |
| Net Income | $-127,063 | $213,582 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RACHEL COVINGTON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EMMA SELLERS | VICE-PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM CRUMPTON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KUNAL PATEL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELVIN PERRY | PAST PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTY HARPER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN OSBORNE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DREW HERRING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AUSTIN BUNN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| IRVING PEREZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA CHINN-GILSTRAP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW HESSLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL TIMM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANA SCHWARTZ | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$101,205 | $0 | $101,205 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $579,150 | $706,213 | $758,049 | $-127,063 |
| 2022 | $708,241 | $494,659 | $879,623 | $213,582 |
| 2021 | $638,534 | $347,760 | $653,012 | $290,774 |
| 2020 | $194,086 | $202,772 | $373,078 | $-8,686 |
| 2019 | $493,367 | $274,361 | $366,080 | $219,006 |
| 2018 | $218,322 | $208,640 | $148,178 | $9,682 |
Compare DOWNTOWN DANVILLE ASSOCIATION DBA RIVER DISTRICT ASSOCIATION with other nonprofits in Virginia and across the country.