ALBEMARLE DOWNTOWN DEVELOPMENT CORPORATION (EIN 561683012) - 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

1989

Legal Domicile

Principal Officer

KATIE LYNN

Phone

7049849415

Tax Period

2024-07-01 to 2025-06-30

ALBEMARLE DOWNTOWN DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $496K in total revenue in fiscal year 2024.

Mission

TO CREATE AN ENVIRONMENT FOR DEVELOPMENT THAT ENHANCES DOWNTOWN ALBEMARLE AS THE CULTURAL, HISTORIC, SOCIAL, ECONOMIC, AND EDUCATIONAL CENTER OF THE

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $26,858

Program Service Revenue $457,659

Investment Income $2,419

Other Revenue $9,430

TOTAL REVENUE $496,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $491,185

Other Expenses $502,750

TOTAL EXPENSES $502,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,366	$463,908	+0.1%
Expenses	$502,750	$459,195	+0.1%
Net Income	$-6,384	$4,713	-2.4%

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

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
JOHN WILLIAMS	CHAIR	2.00	Officer Director	$0	$0	$0
BETH OLIVIERI	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
BRADLEY EUDY	VICE CHAIR	1.00	Director	$0	$0	$0
TAMMY BRANCH	TREASURER	2.00	Officer Director	$0	$0	$0
OLIVIA PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE MOSHER	DIRECTOR	1.00	Director	$0	$0	$0
TANNER DENTON	DIRECTOR	1.00	Director	$0	$0	$0
SHAY WATSON VITALE	DIRECTOR	1.00	Director	$0	$0	$0
CINDY DRY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY N LEE-THAO	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN KING	DIRECTOR	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	$496,366	$502,750	$667,070	$-6,384
2024	$463,908	$459,195	$673,249	$4,713
2023	$496,480	$528,089	$668,464	$-31,609
2022	$540,940	$578,780	$699,695	$-37,840
2021	$436,614	$469,332	$738,158	$-32,718

ALBEMARLE DOWNTOWN DEVELOPMENT CORPORATION