HARRISONBURG DOWNTOWN RENAISSANCE (EIN 582675553) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ANDREA DONO

Phone

5404328922

Tax Period

2023-01-01 to 2023-12-31

HARRISONBURG DOWNTOWN RENAISSANCE, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $718K in total revenue in fiscal year 2018. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $628K left a modest 12% surplus.

Mission

HDR IS A DESIGNATED MAIN STREET AMERICA COMMUNITY FOCUSED ON THE ON-GOING REVITALIZATION OF HISTORIC DOWNTOWN HARRISONBURG.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $651,050

Program Service Revenue $160,695

Investment Income $16,144

Other Revenue $240,622

TOTAL REVENUE $1,068,511

Expense Breakdown

Grants Paid $13,500

Salaries & Benefits $280,429

Fundraising Expenses $81,473

Program Expenses $491,942

Other Expenses $451,221

TOTAL EXPENSES $745,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,068,511	$706,534	+0.5%
Expenses	$745,150	$701,295	+0.1%
Net Income	$323,361	$5,239	+60.7%

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

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

$92,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD COHEN	PRESIDENT	0.50	Officer Director	$0	$0	$0
JAIREMY DROOGER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
PHIL SAUNDERS	SECRETARY	0.50	Officer Director	$0	$0	$0
MEGAN ARGENBRIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
DANA HARSHBERGER	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN BANKS	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA BROWN	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS GLADIN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE GOCHENOUR	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER JONES	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN LA PORTA	DIRECTOR	0.50	Director	$0	$0	$0
AARON LUDWIG	DIRECTOR	0.50	Director	$0	$0	$0
KIRSTEN MOORE	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA NGUYEN	DIRECTOR	0.50	Director	$0	$0	$0
JONAH PENCE	DIRECTOR	0.50	Director	$0	$0	$0
ANDY PERRINE	DIRECTOR	0.50	Director	$0	$0	$0
KATE SCHMUFF	DIRECTOR	0.50	Director	$0	$0	$0
JEN SODIKOFF	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA DONO	EXECUTIVE DIRECTOR	40.00	Officer	$82,240	$10,246	$92,486

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
2024	No data	No data	No data	No data
2023	$1,068,511	$745,150	$1,484,576	$323,361
2022	$706,534	$701,295	$859,245	$5,239
2021	$609,048	$453,434	$740,767	$155,614
2020	$505,610	$400,023	$616,461	$105,587
2019	$552,726	$587,091	$459,283	$-34,365
2018	$718,231	$628,486	$458,132	$89,745

HARRISONBURG DOWNTOWN RENAISSANCE