HISTORIC DOWNTOWN GALLATIN INC (EIN 621183248) - 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

Principal Officer

BARRY YOUNG

Phone

6154525692

Tax Period

2023-01-01 to 2023-12-31

HISTORIC DOWNTOWN GALLATIN INC is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 39% operating margin.

Mission

THE PRIMARY PURPOSE IS THE REVITALIZATION OF THE DOWNTOWN AREA OF GALLATIN TN.

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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 $90,590

Program Service Revenue $60,698

Investment Income $652

Other Revenue $117,969

TOTAL REVENUE $269,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,708

Fundraising Expenses $0

Program Expenses $163,735

Other Expenses $98,027

TOTAL EXPENSES $163,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,909	$185,306	+0.5%
Expenses	$163,735	$145,139	+0.1%
Net Income	$106,174	$40,167	+1.6%

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

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY YOUNG	EXECUTIVE DI	40.00	Officer	$65,000	$0	$65,000
DONNA BELOTE	DIRECTOR	N/A	Director	$0	$0	$0
JAYNE COLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
KELLY DICKEY	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS DYER	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY HOLLIS	DIRECTOR	N/A	Director	$0	$0	$0
JACI KIRKHAM	DIRECTOR	N/A	Director	$0	$0	$0
PATTY LONG	DIRECTOR	N/A	Director	$0	$0	$0
ELLIE MCNIER	DIRECTOR	N/A	Director	$0	$0	$0
CALLIE SCOTT	DIRECTOR	N/A	Director	$0	$0	$0
KIM STARNES	DIRECTOR	N/A	Director	$0	$0	$0
ANGELA GOVAN	SECRETARY	N/A	Officer	$0	$0	$0
JESSICA JACKSON	PRESIDENT	N/A	Officer	$0	$0	$0
RANDALL PETERSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
CHERYL PURYEAR	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
2024	No data	No data	No data	No data
2023	$269,909	$163,735	$245,194	$106,174
2022	$185,306	$145,139	$153,791	$40,167
2021	$144,913	$140,582	$131,974	$4,331
2020	$93,312	$116,358	$137,535	$-23,046
2019	$181,659	$166,023	$146,582	$15,636

HISTORIC DOWNTOWN GALLATIN INC