DOWNTOWN GREENSBORO INC

EIN: 562011549

GREENSBORO, NC

Total Revenue
$2,307,996
Total Expenses
$2,510,395
Total Assets
$1,555,665
Net Assets
$1,417,314
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NC
Principal Officer
STUART J NICHOLS
Phone
3363790060
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN GREENSBORO INC, founded in 1996, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024.

Mission

PROMOTE AND STIMULATE NEW INVESTMENT, INTEREST AND ECONOMIC DEVELOPMENT IN THE CENTER CITY AREA OF GREENSBORO, NORTH CAROLINA.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $816,667
Program Service Revenue $1,454,345
Investment Income $36,984
Other Revenue $0
TOTAL REVENUE $2,307,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $781,187
Fundraising Expenses $0
Other Expenses $1,729,208
TOTAL EXPENSES $2,510,395

Year-over-Year Comparison

2024 2023 Change
Revenue $2,307,996 $2,143,224 +0.1%
Expenses $2,510,395 $2,010,876 +0.2%
Net Income $-202,399 $132,348 -2.5%
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

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
9
Volunteers
N/A

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
5
$366,148
Total Directors
16
$281,336
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACK MATHENY FORMER PRESIDENT & CEO 40.00
Officer Director
$281,336 $0 $281,336
STU NICHOLS BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
SERAJ PATEL BOARD TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS WALDECK BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARK PRINCE BOARD EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
ARTHUR SAMET BOARD EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
GINA HICKS BOARD EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
TREY DAVIS EX OFFICIO 1.00
Director
$0 $0 $0
KRISTINA FULLER BOARD MEMBER 1.00
Director
$0 $0 $0
LORI POAG BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG CARLOCK BOARD MEMBER 1.00
Director
$0 $0 $0
TIFFANY JACOBS BOARD MEMBER 1.00
Director
$0 $0 $0
DAN EDER BOARD MEMBER 1.00
Director
$0 $0 $0
DEREK CARTE BOARD MEMBER 1.00
Director
$0 $0 $0
VIRGINIA FREYALDENHOVEN BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN SASSER BOARD MEMBER 1.00
Director
$0 $0 $0
JOY ROSS CFO 36.00
Officer
$84,812 $0 $84,812
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 $2,307,996 $2,510,395 $1,555,665 $-202,399
2024 No data No data No data No data
2023 $2,344,155 $2,283,486 $1,610,961 $60,669
2023 $2,344,155 $2,283,486 $1,610,961 $60,669
2022 $1,929,059 $1,881,707 $1,475,493 $47,352
2021 $1,599,630 $1,529,951 $1,416,640 $69,679
2020 $1,895,606 $1,464,904 $1,387,039 $430,702
2019 $1,458,381 $1,308,980 $983,257 $149,401
2018 $1,341,000 $1,010,392 $848,397 $330,608
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare DOWNTOWN GREENSBORO INC with other nonprofits in North Carolina and across the country.