DOWNTOWN GREENSBORO FOUNDATION (EIN 562242416) - 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

2000

Legal Domicile

Principal Officer

ZACK MATHENY

Phone

3363790060

Tax Period

2023-07-01 to 2024-06-30

DOWNTOWN GREENSBORO FOUNDATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $669K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $601K left a modest 10% surplus.

Mission

SUPPORTS THE EDUCATIONAL, HISTORICAL PRESERVATION AND OTHER EXEMPT PUBLIC EFFORTS OF DOWNTOWN GREENSBORO, INC.

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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 $385,163

Program Service Revenue $269,935

Investment Income $14,256

Other Revenue $0

TOTAL REVENUE $669,354

Expense Breakdown

Grants Paid $282,681

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $593,201

Other Expenses $318,382

TOTAL EXPENSES $601,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$669,354	$1,064,376	-0.4%
Expenses	$601,063	$553,541	+0.1%
Net Income	$68,291	$510,835	-0.9%

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

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

$302,821

Total Directors

$224,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACK MATHENY	PRESIDENT & CEO	2.00	Officer Director	$0	$0	$224,055
ANDY ZIMMERMAN	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRACEY MYERS	BOARD PAST CHAIR	1.00	Officer Director	$0	$0	$0
ADRIAN SMITH	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MARK PRINCE	BOARD EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MARSH PRAUSE	BOARD EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MARK BRAZIL	BOARD EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
TAIWO JAIYEABA	EX OFFICIO	1.00	Director	$0	$0	$0
DANNY GATLING	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA HICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMION MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
LONNIE COCKERHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA GREER	BOARD MEMBER	1.00	Director	$0	$0	$0
SERAJ PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WALDECK	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN REAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTINA FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
STU NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY OSBOURNE	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI POAG	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY ROSS	CFO	2.00	Officer	$0	$0	$78,766

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	$669,354	$601,063	$1,155,163	$68,291
2023	$1,064,376	$553,541	$983,419	$510,835
2023	No data	No data	No data	No data
2022	$563,945	$571,681	$712,585	$-7,736
2021	$519,342	$510,569	$716,908	$8,773
2020	$534,767	$627,682	$620,150	$-92,915
2019	$392,687	$397,172	$355,406	$-4,485
2018	$433,861	$409,601	$367,272	$24,260

DOWNTOWN GREENSBORO FOUNDATION