Conway Downtown Alive Inc

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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

1988

Legal Domicile

Principal Officer

Daved Kinard

Tax Period

2023-07-01 to 2024-06-30

Conway Downtown Alive Inc, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $457K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $435K left a modest 5% surplus.

Mission

Stimulate economic development and promote the vitality of Downtown Conway as well as encourage historical development through facade and other grants

Program Service Accomplishments

Program 1

Expenses: $366,189 Revenue: $121,252

The stimulation of economic and historical development of Conway through facade grants and special events such as the Ghost Walk and the Waccamaw Sportsmens Expo which attracts consumers and...

The stimulation of economic and historical development of Conway through facade grants and special events such as the Ghost Walk and the Waccamaw Sportsmens Expo which attracts consumers and businesses to Conway to visit, shop and dine.

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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 $335,885

Program Service Revenue $92,485

Investment Income $662

Other Revenue $28,105

TOTAL REVENUE $457,137

Expense Breakdown

Grants Paid $33,250

Salaries & Benefits $160,373

Fundraising Expenses $0

Program Expenses $366,189

Other Expenses $240,901

TOTAL EXPENSES $434,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,137	$327,873	+0.4%
Expenses	$434,524	$332,042	+0.3%
Net Income	$22,613	$-4,169	-6.4%

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

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

$73,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hillary A Howard	Executive Director	40.00	Director Highest	$73,363	$0	$73,363
Travis Overton	Vice President	1.00	Officer	$0	$0	$0
Daved Kinard	President	1.00	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	No data	No data	No data	No data
2024	$457,137	$434,524	$490,361	$22,613
2023	$327,873	$332,042	$468,835	$-4,169
2022	$302,620	$234,216	$148,119	$68,404
2021	$225,224	$223,368	$74,620	$1,856
2020	$185,875	$164,477	$71,619	$21,398
2019	$185,067	$178,727	$50,617	$6,340