Fuquay-Varina Downtown Association (EIN 562122680) - 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

1999

Legal Domicile

Phone

9195520848

Tax Period

2022-07-01 to 2023-06-30

Fuquay-Varina Downtown Association, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $160K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $144K left a modest 10% surplus.

Mission

The organization is dedicated to building a community that supports Fuquay-Varina businesses and private investment in the historic core. Activities and programs are designed and implemented to attract traffic and customers to the downtown areas and edcuate residents on the importance of the historic downtown areas.

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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 (2022)

Revenue Breakdown

Contributions & Grants $79,781

Program Service Revenue $78,712

Investment Income $1,336

Other Revenue $0

TOTAL REVENUE $159,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,681

Fundraising Expenses $6,528

Program Expenses $119,164

Other Expenses $88,984

TOTAL EXPENSES $143,665

Year-over-Year Comparison

	2022	2021	Change
Revenue	$159,829	$138,443	+0.2%
Expenses	$143,665	$58,418	+1.5%
Net Income	$16,164	$80,025	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Crawford	Director	40.00	Director	$0	$0	$0
Katie Dies	Director	0.00	Director	$0	$0	$0
Nancy Johns	Secretary	0.00	Officer Director	$0	$0	$0
Rick Abshure	Director	0.00	Director	$0	$0	$0
Brandy Taylor	Treasurer	0.00	Officer Director	$0	$0	$0
Laura Fahnestock	Director	0.00	Director	$0	$0	$0
Jason Smith	Director	0.00	Director	$0	$0	$0
Mollie Stephenson	Director	0.00	Director	$0	$0	$0
Orlean Newton	Director	0.00	Director	$0	$0	$0
Kelly Quiring	Chair-Elect	0.00	Officer Director	$0	$0	$0
Dani Alymeda	Chair	0.00	Officer Director	$0	$0	$0
Marilyn Gardner	Director	0.00	Director	$0	$0	$0
David Ball	Director	0.00	Director	$0	$0	$0
Jessica Kaplar	Director	0.00	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
2023	$159,829	$143,665	$219,624	$16,164
2022	$138,443	$58,418	$212,326	$80,025
2021	$110,145	$81,533	$91,840	$28,612
2020	$214,785	$230,157	$72,855	$-15,372

Fuquay-Varina Downtown Association