UPTOWN LEXINGTON INC

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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

JEFF SMITH

Phone

3362490383

Tax Period

2023-07-01 to 2024-06-30

UPTOWN LEXINGTON INC, founded in 1993, is a small nonprofit in the Environment sector that reported $195K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 15% operating margin.

Mission

UPTOWN LEXINGTON, INC. EXISTS TO CREATE AN ENVIRONMENT, WHICH FOSTERS THE ONGOING DEVELOPMENT OF LEXINGTON, NORTH CAROLINA'S HISTORIC UPTOWN CENTER, AS THE COMMUNITY'S PRIMARY ECONOMIC, CULTURAL, AND SOCIAL CENTER. ULI UTILIZES THE NATIONAL MAIN STREET CENTER'S FOUR POINT APPROACH AS TOOLS FOR GROWTH OF THE DISTRICT: [1] ORGANIZATION TO BUILD CONSENSUS AND COOPERATION AMONG MANY GROUPS AND INDIVIDUALS WITH AN INTEREST IN UPTOWN; [2] DESIGN TO ENHANCE THE PHYSICAL APPEARANCE OF HISTORIC BUILDINGS, ENCOURAGE SUPPORTIVE NEW CONSTRUCTION AND DEVELOP SENSITIVE DESIGN MANAGEMENT SYSTEMS (FACADE GRANT PROGRAM); [3] PROMOTION TO MARKET THE TRADITIONAL DISTRICT'S ASSETS TO CUSTOMERS, POTENTIAL INVESTORS, NEW BUSINESSES, LOCAL CITIZENS AND VISITORS (BBQ CAPITAL COOK-OFF, CHRISTMAS OPEN HOUSE, SUMMER AND CHRISTMAS STROLLS, GROUNDHOG'S DAY); AND [4] ECONOMIC VITALITY TO STRENGTHEN THE DISTRICT'S ECONOMIC BASE WHILE EXPLORING NEW OPPORTUNITIES AND MEETING NEW CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $29,275 Revenue: $27,743

PROMOTION: ULI ORGANIZES EVENTS AND PROMOTIONS THROUGHOUT THE YEAR TO BRING AWARENESS TO THE UNIQUE BUSINESSES LOCATED IN THE MSD. THESE INCLUDE THE BBQ CAPITAL COOK-OFF, CHRISTMAS OPEN HOUSE...

PROMOTION: ULI ORGANIZES EVENTS AND PROMOTIONS THROUGHOUT THE YEAR TO BRING AWARENESS TO THE UNIQUE BUSINESSES LOCATED IN THE MSD. THESE INCLUDE THE BBQ CAPITAL COOK-OFF, CHRISTMAS OPEN HOUSE, CHRISTMAS AND SUMMER STROLLS, AND GROUNDHOG'S DAY. THESE EVENTS ARE FREE AND ARE OPEN TO AND MARKETED TO THE ENTIRE COMMUNITY. BOTH THE BBQ COOK-OFF AND CHRISTMAS OPEN HOUSE ATTRACTED APPROXIMATELY 10,000 PEOPLE EACH.

Program 2

Expenses: $6,274 Revenue: $5,946

DESIGN: THROUGH A FACADE GRANT PROGRAM, ULI ASSISTS BUSINESS OR PROPERTY OWNERS WITH IMPROVEMENTS MADE TO THE FACADE OF THEIR BUILDINGS. THIS INCLUDES PROFESSIONAL ADVICE ABOUT MAKING SENSITIVE...

DESIGN: THROUGH A FACADE GRANT PROGRAM, ULI ASSISTS BUSINESS OR PROPERTY OWNERS WITH IMPROVEMENTS MADE TO THE FACADE OF THEIR BUILDINGS. THIS INCLUDES PROFESSIONAL ADVICE ABOUT MAKING SENSITIVE IMPROVEMENTS TO HISTORIC BUILDINGS AND FINANCIAL ASSISTANCE FOR APPROVED PROJECTS. THE PROGRAM IS OPEN TO ALL PROPERTIES IN THE MSD AND IS PROMOTED MONTHLY IN A NEWSLETTER SENT SPECIFICALLY TO BUSINESSES AND PROPERTY OWNERS.

Program 3

Expenses: $69,011 Revenue: $65,394

ECONOMIC VITALITY: THIS PILLAR ASSISTS PROPERTY OWNERS WITH SECURING TENANTS AND ENTREPRENEURS WITH FINDING SPACE FOR THEIR BUSINESS IN THE MSD. IT ALSO WORKS WITH PROPERTY OWNERS AND INVESTORS TO...

ECONOMIC VITALITY: THIS PILLAR ASSISTS PROPERTY OWNERS WITH SECURING TENANTS AND ENTREPRENEURS WITH FINDING SPACE FOR THEIR BUSINESS IN THE MSD. IT ALSO WORKS WITH PROPERTY OWNERS AND INVESTORS TO REPURPOSE BUILDINGS FOR NEW USES WHILE BEING SENSITIVE TO THE HISTORIC NATURE OF THE BUILDING AND DISTRICT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $92,813

Program Service Revenue $87,943

Investment Income $6,414

Other Revenue $7,925

TOTAL REVENUE $195,095

Expense Breakdown

Grants Paid $1,604

Salaries & Benefits $73,118

Fundraising Expenses $18,280

Program Expenses $104,560

Other Expenses $90,813

TOTAL EXPENSES $165,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,095	$184,859	+0.1%
Expenses	$165,535	$158,911	+0.0%
Net Income	$29,560	$25,948	+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

Volunteers

150

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

$12,208

Total Directors