DOWNTOWN SALISBURY 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

1983

Legal Domicile

Principal Officer

SADA STEWART TROUTMAN

Phone

7046377814

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN SALISBURY INC, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $232K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $75K, a strong 32% operating margin.

Mission

PROMOTING, ENHANCING AND MANAGING THE DEVELOPMENT OF THE COMMERCIAL, BUSINESS, ECONOMIC, RESIDENTIAL, CIVIC, AND HISTORICAL DEVELOPMENT OF DOWNTOWN SALISBURY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $135,373 Revenue: $252,627

PROMOTED, ENHANCED AND MANAGED THE DEVELOPMENT OF THE CENTRAL BUSINESS DISTRICT IN A MANNER WHICH CONTINUES TO MAKE THE DISTRICT THE ECONOMIC, GOVERNMENTAL, SOCIAL AND CULTURAL CENTER OF ROWAN COUNTY BY PROMOTING ACTIVITY IN ECONOMIC RESTRUCTURING,DESIGN, PROMOTIONS, AND BUILDING PARTNERSHIPS.

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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 $964

Program Service Revenue $252,627

Investment Income $6,805

Other Revenue $-28,124

TOTAL REVENUE $232,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,373

Other Expenses $157,734

TOTAL EXPENSES $157,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,272	$196,366	+0.2%
Expenses	$157,734	$135,992	+0.2%
Net Income	$74,538	$60,374	+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

N/A

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	Role	Reportable Comp	Other Comp	Total
TONYAN SCHOFIELD	CHAIR	Officer Director	$0	$0	$0
SAMANTHA HASPEL	VICE-CHAIR	Officer Director	$0	$0	$0
JAMES FAUST	SECRETARY	Officer Director	$0	$0	$0
STAN JORDAN	TREASURER	Officer Director	$0	$0	$0
KELLY BAKER	DIRECTOR	Director	$0	$0	$0
VINCIA BENJAMIN-MILLER	DIRECTOR	Director	$0	$0	$0
PETE BOGLE	DIRECTOR	Director	$0	$0	$0
ROD CRIDER	DIRECTOR	Director	$0	$0	$0
BILL GREENE	DIRECTOR	Director	$0	$0	$0
JAYNE HELMS	DIRECTOR	Director	$0	$0	$0
MARK LEWIS	DIRECTOR	Director	$0	$0	$0
ANDY MABEN	DIRECTOR	Director	$0	$0	$0
JAMES MEACHAM	DIRECTOR	Director	$0	$0	$0
ASHLEY MEDINA	DIRECTOR	Director	$0	$0	$0
GIANNI MOSCARDINI	DIRECTOR	Director	$0	$0	$0
BOB POTTER	DIRECTOR	Director	$0	$0	$0
DAVID ROSE	DIRECTOR	Director	$0	$0	$0
TAMARA SHEFFIELD	DIRECTOR	Director	$0	$0	$0
GREG SHIELDS	DIRECTOR	Director	$0	$0	$0
ELAINE SPALDING	DIRECTOR	Director	$0	$0	$0
KIMBERLY STEIG	DIRECTOR	Director	$0	$0	$0
BRAD WALSER	DIRECTOR	Director	$0	$0	$0
SADA STEWART TROUTMAN	EXECUTIVE DI	Officer	$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	$232,272	$157,734	$284,341	$74,538
2024	$196,366	$135,992	$1,100,652	$60,374
2023	$226,737	$140,809	$1,071,650	$85,928
2022	$156,707	$71,616	$1,051,772	$85,091
2021	$121,758	$73,390	$999,865	$48,368
2020	$186,339	$89,512	$976,814	$96,827
2019	$115,159	$90,482	$955,628	$24,677
2018	$140,313	$148,804	$945,646	$-8,491