WILSON DOWNTOWN PROPERTIES INC (EIN 562253512) - 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

1996

Legal Domicile

Principal Officer

BETSY RASCOE

Phone

2522065260

Tax Period

2024-07-01 to 2025-06-30

WILSON DOWNTOWN PROPERTIES INC, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 80% operating deficit.

Mission

INVOLVED IN CREATING AND PLACEMAKING AND PROPERTY REDEVELOPMENT PROJECTS THROUGH ECONOMIC DEVELOPMENT, ART, CULTURE, INNOVATION AND PRESERVATION THAT DRIVES COMMUNITY AND ECONOMIC INVESTMENT TO FULLY REALIZE THE VISION OF HISTORIC DOWNTOWN WILSON NC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,388

Investment Income $2,515

Other Revenue $0

TOTAL REVENUE $11,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,884

Other Expenses $21,376

TOTAL EXPENSES $21,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,903	$17,038	-0.3%
Expenses	$21,376	$18,172	+0.2%
Net Income	$-9,473	$-1,134	+7.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN HILL	DIRECTOR	N/A	Director	$0	$0	$0
JACK WIGGINS III	DIRECTOR	N/A	Director	$0	$0	$0
SARA NUNEZ	DIRECTOR	N/A	Director	$0	$0	$0
ELIOT SMITH	DIRECTOR	N/A	Director	$0	$0	$0
BRAD THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
STEVE WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
BILLY WOODARD	DIRECTOR	N/A	Director	$0	$0	$0
FRANK KIDD	PAST PRESIDE	N/A	Officer	$0	$0	$0
CECILIA PETRELLA	VICE PRESIDE	N/A	Officer	$0	$0	$0
BETSY RASCOE	PRESIDENT	2.00	Officer	$0	$0	$0
AMY STATON	TREASURER	N/A	Officer	$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	$11,903	$21,376	$273,300	$-9,473
2024	$17,038	$18,172	$282,773	$-1,134
2023	$105,547	$26,201	$283,907	$79,346
2022	$12,350	$11,718	$204,561	$632
2021	$5,167	$10,745	$203,929	$-5,578
2020	$70,017	$9,529	$209,507	$60,488

WILSON DOWNTOWN PROPERTIES INC