DOWNTOWN SANFORD INC

EIN: 561472402 501(c)(3)

SANFORD, NC

Total Revenue
$390,112
Total Expenses
$378,777
Total Assets
$98,930
Net Assets
$98,451
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
KELLI LAUDATE
Phone
9197184659
Tax Period
2023-07-01 to 2024-06-30

DOWNTOWN SANFORD INC, founded in 1984, is a small nonprofit that reported $390K in total revenue in fiscal year 2023.

Mission

THE MISSION OF DSI IS TO PROMOTE AND MARKET DOWNTOWN SANFORD AS THE PRIMARY ECONOMIC, CULTURAL, AND SOCIAL CENTER OF THE COMMUNITY; TO EDUCATE THE COMMUNITY ON THE UNIQUE ASSETS AND HISTORICAL SIGNIFICANCE OF THE DOWNTOWN AREA; AND TO MANAGE THE DEVELOPMENT AND IMPROVEMENT OF THESE ASSETS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $378,856
Program Service Revenue $11,256
Investment Income $0
Other Revenue $0
TOTAL REVENUE $390,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,534
Fundraising Expenses $0
Program Expenses $333,951
Other Expenses $213,243
TOTAL EXPENSES $378,777

Year-over-Year Comparison

2023 2022 Change
Revenue $390,112 $371,048 +0.1%
Expenses $378,777 $389,455 0.0%
Net Income $11,335 $-18,407 -1.6%
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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Governance

Voting Members
15
Independent Members
15
Employees
10
Volunteers
30

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
1
$63,471
Total Directors
15
$63,471
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLI LAUDATE EXECUTIVE DI 40.00
Officer Director
$63,471 $0 $63,471
BRENDA AGUIRRE BOARD MEMBER N/A
Director
$0 $0 $0
TRAVIS BEAL BOARD MEMBER N/A
Director
$0 $0 $0
TIM CHILDRESS BOARD MEMBER N/A
Director
$0 $0 $0
ASHLEY DAVENPORT BOARD MEMBER N/A
Director
$0 $0 $0
OPHELIA LIVINGSTON BOARD MEMBER N/A
Director
$0 $0 $0
JONI MARTIN BOARD MEMBER N/A
Director
$0 $0 $0
DAVID MORSE BOARD MEMBER N/A
Director
$0 $0 $0
SHARON SPENCE CHAIR N/A
Director
$0 $0 $0
PEGGY TAPHORN BOARD MEMBER N/A
Director
$0 $0 $0
JEFF TOWSON BOARD MEMBER N/A
Director
$0 $0 $0
ASHLEY WHITAKER SECRETARY/TR N/A
Director
$0 $0 $0
PORSHIA WICKER BOARD MEMBER N/A
Director
$0 $0 $0
SHAWANDA WILSON BOARD MEMBER N/A
Director
$0 $0 $0
MARIA WRIGHT BOARD MEMBER N/A
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
2025 No data No data No data No data
2024 $390,112 $378,777 $98,930 $11,335
2023 $371,048 $389,455 $87,713 $-18,407
2022 $323,124 $306,305 $105,901 $16,819
2021 $259,274 $244,674 $88,892 $14,600
2020 $223,467 $186,737 $96,845 $36,730
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