DOWNTOWN WINSTON-SALEM FOUNDATION INC (EIN 561945804) - 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

1995

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

DOWNTOWN WINSTON-SALEM FOUNDATION INC, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $36K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 126% operating deficit.

Mission

PROMOTE REVITALIZATION OF DOWNTOWN WINSTON-SALEM

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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 $8,152

Program Service Revenue $11,554

Investment Income $16,201

Other Revenue $0

TOTAL REVENUE $35,907

Expense Breakdown

Grants Paid $10,444

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,353

Other Expenses $70,740

TOTAL EXPENSES $81,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,907	$387,806	-0.9%
Expenses	$81,184	$216,671	-0.6%
Net Income	$-45,277	$171,135	-1.3%

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

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
ANDERSON LANGFORD	DIRECTOR	1.00	Director	$0	$0	$0
SUZY BAXTER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY OTIS	DIRECTOR	1.00	Director	$0	$0	$0
WALTER FARABEE	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
DARA FOLAN	DIRECTOR	1.00	Director	$0	$0	$0
RALPH WOMBLE	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CASHIN	DIRECTOR	1.00	Director	$0	$0	$0
JASON THIEL	EXECUTIVE DIRECTOR	20.00	Director	$0	$0	$0
MEADE WILLIS	CHAIR	2.00	Officer 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	No data	No data	No data	No data
2024	$35,907	$81,184	$1,641,686	$-45,277
2023	$387,806	$216,671	$1,676,463	$171,135
2022	$63,556	$410,657	$1,505,328	$-347,101
2021	$509,811	$60,370	$1,852,429	$449,441
2020	$27,501	$90,735	$1,402,988	$-63,234
2019	$32,337	$75,498	$1,466,222	$-43,161
2018	$22,500	$67,213	$1,512,483	$-44,713

DOWNTOWN WINSTON-SALEM FOUNDATION INC