MOORESVILLE DOWNTOWN COMMISSION INC (EIN 561581821) - 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

KIM SARAGONI

Phone

7046623336

Tax Period

2024-07-01 to 2025-06-30

MOORESVILLE DOWNTOWN COMMISSION INC, founded in 1987, is a small nonprofit that reported $352K in total revenue in fiscal year 2024. Expenses of $393K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MOORESVILLE DOWNTOWN COMMISSION FACILITATES DOWNTOWN DEVELOPMENT, SUPPORTS PRESERVATION ACTIVITIES AND PLANS, AND PROMOTES AND IMPLEMENTS EVENTS.

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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 $288,562

Program Service Revenue $62,323

Investment Income $1,598

Other Revenue $0

TOTAL REVENUE $352,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,838

Fundraising Expenses $0

Program Expenses $232,737

Other Expenses $236,941

TOTAL EXPENSES $392,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,483	$328,398	+0.1%
Expenses	$392,779	$343,692	+0.1%
Net Income	$-40,296	$-15,294	+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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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
RICK BLANKENSHIP	DIRECTOR	N/A	Director	$0	$0	$0
SHAWNELLE CHERRY	DIRECTOR	N/A	Director	$0	$0	$0
MARK FOWLER	DIRECTOR AT-	N/A	Director	$0	$0	$0
JOEL GOODMAN	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE HATHAWAY	DIRECTOR	N/A	Director	$0	$0	$0
BARB PFEFFER	DIRECTOR	N/A	Director	$0	$0	$0
HUGH SYKES	DIRECTOR AT-	N/A	Director	$0	$0	$0
JOHN WALSH	DIRECTOR AT-	N/A	Director	$0	$0	$0
LISA ALTIERI	DIRECTOR	N/A	Officer	$0	$0	$0
DENNIS COWARDEN	DIRECTOR AT-	N/A	Officer	$0	$0	$0
RON MACK	DIRECTOR	N/A	Officer	$0	$0	$0
KIM SARAGONI	CHAIRMAN	N/A	Officer	$0	$0	$0
PAUL THOMPSON	TREASURER	N/A	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	$352,483	$392,779	$102,551	$-40,296
2024	No data	No data	No data	No data
2023	$284,446	$292,802	$152,933	$-8,356
2022	$261,712	$277,759	$173,751	$-16,047
2021	$199,730	$221,849	$172,973	$-22,119

MOORESVILLE DOWNTOWN COMMISSION INC