BURLINGTON DOWNTOWN CORPORATION (EIN 561627620) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

TRACY SCHMIDT

Phone

3362225002

Tax Period

2022-07-01 to 2023-06-30

BURLINGTON DOWNTOWN CORPORATION, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $129K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $198K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE MISSION OF THE BDC IS TO CREATE AN ENVIRONMENT FOR DOWNTOWN REDEVELOPMENT BY ENGAGING COMMUNITY STAKEHOLDERS AND PARTNERS, AND TO INSPIRE INVESTMENT, BUSINESS DEVELOPMENT AND JOB GROWTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $129,160

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,160

Expense Breakdown

Grants Paid $91,038

Salaries & Benefits $80,661

Fundraising Expenses $0

Program Expenses $159,807

Other Expenses $26,669

TOTAL EXPENSES $198,368

Year-over-Year Comparison

	2022	2021	Change
Revenue	$129,160	$238,467	-0.5%
Expenses	$198,368	$162,335	+0.2%
Net Income	$-69,208	$76,132	-1.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
TRACY SCHMIDT	PRESIDENT	N/A	Officer Director	$0	$0	$0
BEN NYE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KATIE CHUNG	SEC/TREAS	N/A	Officer Director	$0	$0	$0
COLEMAN RICH	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
BRANDON BARBOUR	BOARD MEMBER	N/A	Director	$0	$0	$0
WADE BOTELER	BOARD MEMBER	N/A	Director	$0	$0	$0
SARA ANNE CAUDLE	BOARD MEMBER	N/A	Director	$0	$0	$0
RICK GUNN	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON HUSSER	BOARD MEMBER	N/A	Director	$0	$0	$0
REED LAPLANTE	BOARD MEMBER	N/A	Director	$0	$0	$0
CASEY LEWIS	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM STEELE	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFF WILKINS	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN WIMMER	BOARD MEMBER	N/A	Director	$0	$0	$0
TAMMY COBBB	EX-OFFICIO B	N/A	Director	$0	$0	$0
NOLAN KIRKMAN	EX-OFFICIO B	N/A	Director	$0	$0	$0
KELLY MAY	ADVISORY BOA	N/A	Director	$0	$0	$0
BRAD HARMON	ADVISORY BOA	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
2023	$129,160	$198,368	$116,707	$-69,208
2022	$238,467	$162,335	$186,427	$76,132
2021	$188,547	$306,795	$111,184	$-118,248
2020	$249,029	$230,212	$246,793	$18,817
2019	$251,896	$255,364	$239,028	$-3,468
2018	$271,650	$250,960	$216,432	$20,690

BURLINGTON DOWNTOWN CORPORATION