ASHEVILLE DOWNTOWN ASSOCIATION INC (EIN 561570881) - 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

Formation Year

1987

Legal Domicile

Principal Officer

JESSICA HENDRIX

Phone

8282519973

Tax Period

2025-01-01 to 2025-12-31

ASHEVILLE DOWNTOWN ASSOCIATION INC, founded in 1987, is a small nonprofit that reported $794K in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $714K left a modest 10% surplus.

Mission

OUR MISSION IS TO ENHANCE THE JOYFUL EXPERIENCE OF WORKING, LIVING, AND EXPLORING IN DOWNTOWN ASHEVILLE. AS THE VOICE OF DOWNTOWN, WE WORK TO PRESERVE THE INTEGRITY OF OUR COMMUNITY AND SUPPORT INNOVATION FOR A DYNAMIC, ECONOMICALLY VIBRANT FUTURE. WE WHOLEHEARTEDLY ADVOCATE FOR A DOWNTOWN ASHEVILLE THAT IS BEAUTIFUL, SAFE, AND WELCOMING FOR ALL.

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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 $66,189

Program Service Revenue $721,887

Investment Income $5,957

Other Revenue $0

TOTAL REVENUE $794,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,960

Fundraising Expenses $0

Other Expenses $486,854

TOTAL EXPENSES $713,814

Year-over-Year Comparison

	2025	2024	Change
Revenue	$794,033	$522,604	+0.5%
Expenses	$713,814	$607,838	+0.2%
Net Income	$80,219	$-85,234	-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

300

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
JEFFERSON ELLISON	BOARD MEMBER	0.50	Director	$0	$0	$0
DEXTER HAZEL	BOARD MEMBER	0.50	Director	$0	$0	$0
JESSICA HENDRIX	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEOFF KOSLOW	CO-SECRETARY	1.00	Officer Director	$0	$0	$0
BETH LANE	BOARD ATTORN	1.00	Director	$0	$0	$0
JILL LIEBERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DREW POLLICK	BOARD MEMBER	0.50	Director	$0	$0	$0
JUSTIN RABUCK	BOARD MEMBER	0.50	Director	$0	$0	$0
ALEXANDRIA MONQUE RAVENEL	BOARD MEMBER	0.50	Director	$0	$0	$0
CATE RYBA	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH SILVERMAN	CO-SECRETARY	1.00	Officer Director	$0	$0	$0
TED SULLIVAN	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY THACKER	NONVOTING AD	0.50	Director	$0	$0	$0
NEAL WARD	BOARD MEMBER	0.50	Director	$0	$0	$0
SARAH WATKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
JARED WHEATLEY	BOARD MEMBER	1.00	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	$794,033	$713,814	$322,590	$80,219
2024	$522,604	$607,838	$242,540	$-85,234
2023	$487,847	$490,777	$330,533	$-2,930
2022	$492,184	$422,782	$330,535	$69,402
2021	$157,548	$169,718	$265,534	$-12,170
2020	$134,324	$208,519	$278,303	$-74,195
2019	$503,443	$472,701	$353,682	$30,742
2018	$482,119	$467,131	$325,312	$14,988

ASHEVILLE DOWNTOWN ASSOCIATION INC