Wilmington Downtown Inc (EIN 591752750) - 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

1992

Legal Domicile

Principal Officer

Thomas Davis

Phone

9109987744

Tax Period

2024-07-01 to 2025-06-30

Wilmington Downtown Inc, founded in 1992, is a small nonprofit that reported $886K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $975K exceeded revenue, resulting in a 10% operating deficit.

Mission

To promote the economic growth and development of downtown Wilmington.

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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 $228,200

Program Service Revenue $656,659

Investment Income $17,275

Other Revenue $-16,499

TOTAL REVENUE $885,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,527

Fundraising Expenses $34,882

Program Expenses $864,645

Other Expenses $835,439

TOTAL EXPENSES $974,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,635	$1,009,206	-0.1%
Expenses	$974,966	$917,353	+0.1%
Net Income	$-89,331	$91,853	-2.0%

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

$82,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Davis	Chair	4.00	Officer Director	$0	$0	$0
Andrew Cooke	Vice Chair	4.00	Officer Director	$0	$0	$0
Randy Reeves	Treasurer	4.00	Officer Director	$0	$0	$0
Laurence Nadeau	Director	4.00	Director	$0	$0	$0
McKay Siegel	Director	4.00	Director	$0	$0	$0
Mike Lardieri	Director	4.00	Director	$0	$0	$0
Kaitlyn Rhonehouse	Director	4.00	Officer Director	$0	$0	$0
Sandra Ray	Director	4.00	Director	$0	$0	$0
Michael Normandeau	Director	4.00	Director	$0	$0	$0
Richard Formo	Director	4.00	Director	$0	$0	$0
Andrew Hewitt	Director	4.00	Director	$0	$0	$0
Tyler Cralle	Director	4.00	Director	$0	$0	$0
Will Daube	Director	4.00	Director	$0	$0	$0
Miles Lackey	Director	4.00	Director	$0	$0	$0
Tufanna Bradley	Director	4.00	Director	$0	$0	$0
Fredia Brady	Director	4.00	Director	$0	$0	$0
Nancy Bullock	Director	4.00	Director	$0	$0	$0
Cheryl Hartsoe	Director	4.00	Director	$0	$0	$0
Gary Colemen	Director	4.00	Director	$0	$0	$0
Chance Dunbar	Director	4.00	Director	$0	$0	$0
Rob Kaiser	Director	4.00	Director	$0	$0	$0
Peter Maloff	Director	4.00	Director	$0	$0	$0
Andrea Troccia	Director	4.00	Director	$0	$0	$0
Girard Newkirk	Director	4.00	Director	$0	$0	$0
Patt Noday	Director	4.00	Director	$0	$0	$0
Cliff Pyron	Director	4.00	Director	$0	$0	$0
Jennifer Rigby	Director	4.00	Director	$0	$0	$0
Isabelle Shepherd	Director	4.00	Director	$0	$0	$0
Brent Wright	Director	4.00	Director	$0	$0	$0
Shawn Breedlove	Director	4.00	Director	$0	$0	$0
Luke Waddell	Director	4.00	Director	$0	$0	$0
Stephanie Berkmeyer	Director	4.00	Director	$0	$0	$0
Colleen Coons	Director	4.00	Director	$0	$0	$0
Bob Pressely	Director	4.00	Director	$0	$0	$0
Lannin Braddock	Director	4.00	Director	$0	$0	$0
Rob Jones	Director	4.00	Director	$0	$0	$0
William Stolz	Director	4.00	Director	$0	$0	$0
Stephanie Walker	Director	4.00	Director	$0	$0	$0
Christina Haley	President / CEO	40.00	Officer	$82,400	$0	$82,400

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	$885,635	$974,966	$1,121,865	$-89,331
2024	$1,009,206	$917,353	$1,202,544	$91,853
2023	$806,553	$703,886	$1,098,913	$102,667
2022	$901,109	$811,662	$944,446	$89,447
2021	$662,088	$632,161	$879,052	$29,927
2020	$766,010	$772,244	$807,342	$-6,234
2019	$598,403	$578,899	$763,076	$19,504

Wilmington Downtown Inc