DOWNTOWN RALEIGH ALLIANCE INC

EIN: 561994005

RALEIGH, NC

Total Revenue
$4,037,115
Total Expenses
$4,079,533
Total Assets
$1,803,171
Net Assets
$1,162,554
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NC
Principal Officer
BILL KING
Phone
9195321231
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN RALEIGH ALLIANCE INC, founded in 1996, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $321,807
Program Service Revenue $3,709,045
Investment Income $6,263
Other Revenue $0
TOTAL REVENUE $4,037,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,454,419
Fundraising Expenses $0
Other Expenses $2,625,114
TOTAL EXPENSES $4,079,533

Year-over-Year Comparison

2024 2023 Change
Revenue $4,037,115 $3,393,530 +0.2%
Expenses $4,079,533 $3,386,180 +0.2%
Net Income $-42,418 $7,350 -6.8%
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

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Governance

Voting Members
37
Independent Members
36
Employees
17
Volunteers
36

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
7
$196,500
Total Directors
37
$196,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL KING PRESIDENT AND CEO 20.00
Officer Director
$196,500 $0 $196,500
SKIP HILL BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MIKE MUNN BOARD VICE CHAIR/COMING CHAIR 1.00
Officer Director
$0 $0 $0
PAULETTE DILLARD BOARD IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
BO DEMPSTER BOARD LEGAL COUNSEL 1.00
Officer Director
$0 $0 $0
EMILY WILLIAMS BOARD TREASURER 1.00
Officer Director
$0 $0 $0
BRITT THOMAS BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
TIA MCLAURIN AT-LARGE MEMBER 1.00
Director
$0 $0 $0
DERRICK REMER AT-LARGE MEMBER 1.00
Director
$0 $0 $0
NICHOLLE ALLEN-STEELE DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY BARRIER DIRECTOR 1.00
Director
$0 $0 $0
NATALIE BATTEN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BUDNICK DIRECTOR 1.00
Director
$0 $0 $0
STACEY BUESCHER DIRECTOR 1.00
Director
$0 $0 $0
PETE BYERS DIRECTOR 1.00
Director
$0 $0 $0
ADRIENNE COLE DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
JANET COWELL DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
DENNY EDWARDS DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
DAVID ELLIS DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
ANNA GRACE FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
KASSIA GIBBS DIRECTOR 1.00
Director
$0 $0 $0
RUFFIN HALL DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
YVETTE HOLMES DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE IBARRA DIRECTOR 1.00
Director
$0 $0 $0
CARLY JONES DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN MAKENA DIRECTOR 1.00
Director
$0 $0 $0
LT MCCRIMMON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA QUINN-WOLF DIRECTOR 1.00
Director
$0 $0 $0
EVAN RALEIGH DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
DAVIS ROACH DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
LAUREN ROMER DIRECTOR 1.00
Director
$0 $0 $0
GREGG SANDREUTER DIRECTOR 1.00
Director
$0 $0 $0
JAMIE SCHWEDLER DIRECTOR 1.00
Director
$0 $0 $0
DANNY SEATON DIRECTOR 1.00
Director
$0 $0 $0
FELICIA TRUJILLO DIRECTOR 1.00
Director
$0 $0 $0
OWEN WILLIAMS 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 $4,037,115 $4,079,533 $1,803,171 $-42,418
2024 $3,393,530 $3,386,180 $1,810,181 $7,350
2023 $3,074,121 $2,885,176 $1,726,101 $188,945
2022 $2,444,068 $2,373,390 $1,180,214 $70,678
2021 $2,645,621 $2,642,346 $1,270,940 $3,275
2020 $2,204,693 $1,870,616 $1,118,081 $334,077
2019 $1,987,868 $1,887,551 $851,505 $100,317
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