DOWNTOWN VISION 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

1997

Legal Domicile

Principal Officer

JACOB A GORDON

Phone

9046340303

Tax Period

2024-10-01 to 2025-09-30

DOWNTOWN VISION INC, founded in 1997, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 4% surplus.

Mission

DOWNTOWN VISION, INC.'S PURPOSE IS TO CREATE AND SUPPORT A VIBRANT DOWNTOWN AND PROMOTE DOWNTOWN JACKSONVILLE AS AN EXCITING PLACE TO LIVE, WORK, VISIT AND INVEST.

Program Service Accomplishments

Program 1

PROVIDED MARKETING AND BUSINESS DEVELOPMENT, GUIDES/SECURITY, CLEANING, BEAUTIFICATION AND ADMINISTRATION TO THE CENTRAL BUSINESS DISTRICT OF THE CITY OF JACKSONVILLE.

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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 $804,877

Program Service Revenue $2,231,856

Investment Income $42,642

Other Revenue $0

TOTAL REVENUE $3,079,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,212,475

Fundraising Expenses $0

Other Expenses $1,750,933

TOTAL EXPENSES $2,963,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,079,375	$2,818,387	+0.1%
Expenses	$2,963,408	$2,694,388	+0.1%
Net Income	$115,967	$123,999	-0.1%

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

$216,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DAVISON	CHAIR	1.00	Officer Director	$0	$0	$0
KERRI STEWART	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ALLAN IOSUE	SECRETARY	1.00	Officer Director	$0	$0	$0
WILL LANDRETH	TREASURER	1.00	Officer Director	$0	$0	$0
NUMA SAISSELIN	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
OLIVER BARAKAT	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
STEPHEN CROSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL PRESCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
AUNDRA WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA DURAND-STUEBBEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER RASSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI BOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHANIEL FORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN HANAK	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE MCCORMACK	BOARD MEMBER	1.00	Director	$0	$0	$0
CARYN CARRIERO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL GRAINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH ASHOURIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIAS HIONIDES	BOARD MEMBER	1.00	Director	$0	$0	$0
SOO GILVARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SONDRA FETNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN REAM	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE ENSIGN	BOARD MEMBER	1.00	Director	$0	$0	$0
RAUL ARIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD MEADOWS	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNDY TRIMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES RICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA MARSHALL SCHEPIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KACI BARNES	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB A GORDON	CEO	20.00	Officer	$208,212	$8,548	$216,760

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	$3,079,375	$2,963,408	$1,142,091	$115,967
2024	$2,818,387	$2,694,388	$1,179,172	$123,999
2023	$2,487,033	$2,463,807	$1,207,141	$23,226
2022	$3,070,632	$2,549,043	$2,015,656	$521,589
2021	$1,549,028	$1,698,102	$1,287,530	$-149,074
2020	$1,562,581	$1,567,077	$1,359,803	$-4,496
2019	$1,573,213	$1,574,540	$1,363,860	$-1,327
2018	$1,550,650	$1,473,945	$1,372,731	$76,705