DOWNTOWN DURHAM INC (EIN 561790531) - 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

1992

Legal Domicile

Principal Officer

NICOLE J THOMPSON

Phone

9196822800

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN DURHAM INC, founded in 1992, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

CREATE AN ENVIRONMENT FOR PRIVATE DEVELOPMENT IN DOWNTOWN DURHAM BY FOCUSING OUR EFFORTS IN FIVE MAIN PROJECT AREAS: ECONOMIC DEVELOPMENT, PARKING, APPEARANCE, SAFETY, PROMOTION.

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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 $224,075

Program Service Revenue $2,208,688

Investment Income $1,698

Other Revenue $6,086

TOTAL REVENUE $2,440,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $779,171

Fundraising Expenses $0

Program Expenses $2,215,684

Other Expenses $1,670,074

TOTAL EXPENSES $2,449,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,440,547	$2,084,453	+0.2%
Expenses	$2,449,245	$2,066,199	+0.2%
Net Income	$-8,698	$18,254	-1.5%

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

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

$248,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN SACCO	CHAIR	1.00	Officer Director	$0	$0	$0
TRAVIS ROUSE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ADRIAN GONZALEZ	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA BOLTON	SECRETARY	1.00	Officer Director	$0	$0	$0
NIDA ALLAM	EX OFFICIO	1.00	Director	$0	$0	$0
DORIAN BOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
AMOS COOPER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF FURMAN	DIRECTOR	1.00	Director	$0	$0	$0
GARY GARBER	AT LARGE	1.00	Director	$0	$0	$0
CECILIA HENAINE DE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ERIN KARCHER	DIRECTOR	1.00	Director	$0	$0	$0
NISH LEBLANC	AT LARGE	1.00	Director	$0	$0	$0
ANGELA LEE	DIRECTOR	1.00	Director	$0	$0	$0
DAN LEVINE	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY MCPHATTER	AT LARGE	1.00	Director	$0	$0	$0
MACKLYN MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
TYLER PARSONS	AT LARGE	1.00	Director	$0	$0	$0
LOUIS PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PRICE	AT LARGE	1.00	Director	$0	$0	$0
CARL RIST	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES SERPA	DIRECTOR	1.00	Director	$0	$0	$0
LYNN SOLOMON	AT LARGE	1.00	Director	$0	$0	$0
CRAIG SPITZER	DIRECTOR	1.00	Director	$0	$0	$0
FASIL TESFAYE	AT LARGE	1.00	Director	$0	$0	$0
SEAN UMSTEAD	DIRECTOR	1.00	Director	$0	$0	$0
LUCY WERT	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE J THOMPSON	PRESIDENT & CEO	40.00	Officer	$149,000	$9,728	$158,728
ANNA BRANLY	DIRECTOR OF ADMIN/FINANCE	40.00	Officer	$82,649	$7,596	$90,245

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	$2,440,547	$2,449,245	$1,482,640	$-8,698
2024	$2,084,453	$2,066,199	$1,865,714	$18,254
2023	$1,940,210	$1,912,395	$1,796,349	$27,815
2022	$1,586,578	$1,577,564	$1,600,844	$9,014
2021	$1,532,538	$1,546,598	$413,612	$-14,060
2020	$1,635,064	$1,512,532	$429,777	$122,532
2019	$1,320,689	$1,265,427	$306,899	$55,262
2018	$1,167,155	$1,162,280	$256,999	$4,875

DOWNTOWN DURHAM INC