Hickory Downtown Development Association (EIN 561515954) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

Sabrina Parris

Phone

8283221121

Tax Period

2025-01-01 to 2025-06-30

Hickory Downtown Development Association is a micro nonprofit that reported $75K in total revenue in fiscal year 2025. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $72K left a modest 4% surplus.

Mission

To physically and culturally improve downtown Hickory as a place of commerce, recreation, and culture for the people of Hickory and the greater metro area.

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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 (2025)

Revenue Breakdown

Contributions & Grants $17,218

Program Service Revenue $58,063

Investment Income $2

Other Revenue $0

TOTAL REVENUE $75,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,898

Fundraising Expenses $0

Program Expenses $65,903

Other Expenses $33,191

TOTAL EXPENSES $72,089

Year-over-Year Comparison

	2025	2024	Change
Revenue	$75,283	$133,879	-0.4%
Expenses	$72,089	$117,105	-0.4%
Net Income	$3,194	$16,774	-0.8%

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

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
Amy Fauquet	Executive Director	40.00	Officer	$0	$0	$0
Bill Morgan	Board Member	1.00	Officer	$0	$0	$0
Emily Westmoreland	Board Member	1.00	Officer	$0	$0	$0
Gavin Mitchell	Board Member	1.00	Officer	$0	$0	$0
Gina Bumgarner	Board Member	1.00	Officer	$0	$0	$0
Jay Brown	Past President	1.00	Officer	$0	$0	$0
Marty Mull	Board Member	1.00	Officer	$0	$0	$0
Nika Werner	President	1.00	Officer	$0	$0	$0
Sabrina Parris	President Elect/VP	1.00	Officer	$0	$0	$0
Yajaira Tiscareno	Treasurer	1.00	Officer	$0	$0	$0
Tammy Panther	Board Member	1.00	Officer	$0	$0	$0
Juliet Good	Board Member	1.00	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	$75,283	$72,089	$261,967	$3,194
2024	No data	No data	No data	No data
2022	$104,876	$78,033	$213,782	$26,843
2021	$77,147	$88,401	$186,939	$-11,254
2020	$32,911	$91,110	$198,193	$-58,199
2019	$127,273	$78,574	$256,392	$48,699
2018	$107,074	$81,707	$207,693	$25,367

Hickory Downtown Development Association