CONCORD DOWNTOWN DEVELOPMENT CORPORATION (EIN 561666570) - 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

1993

Legal Domicile

Principal Officer

PAIGE GROCHOSKE

Phone

7047844208

Tax Period

2021-07-01 to 2022-06-30

CONCORD DOWNTOWN DEVELOPMENT CORPORATION, founded in 1993, is a micro nonprofit that reported $2K in total revenue in fiscal year 2021. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 540% operating deficit.

Mission

THE MISSION OF CONCORD DOWNTOWN DEVELOPMENT CORPORATION IS TO ENHANCE THE ECONOMIC, SOCIAL, AND AESTHETIC VALUES OF HISTORIC DOWNTOWN CONCORD THROUGH BUSINESS DEVELOPMENT, BUSINESS RECRUITMENT, PROMOTION AND DESIGN, THROUGH THE LEVERAGING OF PUBLIC AND PRIVATE PARTNERSHIPS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,500

TOTAL REVENUE $1,500

Expense Breakdown

Grants Paid $3,333

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,910

Other Expenses $6,271

TOTAL EXPENSES $9,604

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,500	$99,645	-1.0%
Expenses	$9,604	$108,258	-0.9%
Net Income	$-8,104	$-8,613	-0.1%

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

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
CHRIS ABNEY	MEMBER	2.00	Director	$0	$0	$0
PAGE CASTRODALE	MEMBER	2.00	Director	$0	$0	$0
WILL SWINK	MEMBER	2.00	Director	$0	$0	$0
ALAN BISHOP	PRESIDENT	3.00	Officer Director	$0	$0	$0
PATRICK REILLY	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN NEAL	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
JONATHAN MARSHALL	CABARRUS COUNTY REPRESENTA	1.00	Director	$0	$0	$0
PAIGE GROCHOSKE	MANAGER	40.00	Director	$0	$0	$0
JOSH SMITH	MEMBER	2.00	Director	$0	$0	$0
GARRETT PRICE	MEMBER	2.00	Director	$0	$0	$0
NOELLE SCOTT	MEMBER	2.00	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
2022	$1,500	$9,604	$8,589	$-8,104
2021	$99,645	$108,258	$16,693	$-8,613
2020	$216,831	$216,284	$30,598	$547
2019	$237,806	$234,147	$27,760	$3,659
2018	$257,558	$279,292	$25,190	$-21,734

CONCORD DOWNTOWN DEVELOPMENT CORPORATION