NASHVILLE DISTRICT MANAGEMENT CORP… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

THOMAS D TURNER

Phone

6157433093

Tax Period

2023-01-01 to 2023-12-31

NASHVILLE DISTRICT MANAGEMENT CORP INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO MAKE IMPROVEMENTS AND PROVIDE PROJECTS AND SERVICES WITHIN AND FOR DOWNTOWN NASHVILLE.

Program Service Accomplishments

Program 1

Expenses: $10,337,850 Revenue: $10,233,169

NASHVILLE DISTRICT MANAGEMENT CORP., INC. RECEIVES SPECIAL ASSESSMENT REVENUES COLLECTED BY THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE AND BUSINESS DEVELOPMENT FEES...

NASHVILLE DISTRICT MANAGEMENT CORP., INC. RECEIVES SPECIAL ASSESSMENT REVENUES COLLECTED BY THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE AND BUSINESS DEVELOPMENT FEES COLLECTED BY THE STATE OF TENNESSEE. THESE FUNDS ARE USED TO PROVIDE SERVICES TO THE NASHVILLE CENTRAL BUSINESS IMPROVEMENT DISTRICT FOR SAFETY ENHANCEMENT, SANITATION AND MAINTENANCE, IMPROVING DOWNTOWN BEAUTIFICATION, ECONOMIC DEVELOPMENT, AND DOWNTOWN MARKETING. NASHVILLE DISTRICT MANAGEMENT CORP., INC. CONTRACTS WITH NASHVILLE DOWNTOWN PARTNERSHIP TO PROVIDE THESE SERVICES.

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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 $0

Program Service Revenue $10,233,169

Investment Income $80,886

Other Revenue $0

TOTAL REVENUE $10,314,055

Expense Breakdown

Grants Paid $7,762,606

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,337,850

Other Expenses $2,654,007

TOTAL EXPENSES $10,416,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,314,055	$7,673,079	+0.3%
Expenses	$10,416,613	$7,738,855	+0.3%
Net Income	$-102,558	$-65,776	+0.6%

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

N/A

Volunteers

154

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

$485,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL FREEMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GABE COLTEA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANET KURTZ	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOE BUCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK CESNIC	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS D TURNER	EXECUTIVE DIRECTOR	2.00	Officer	$0	$32,258	$485,196
TAMARA DICKSON	VP ECONOMIC DEVELOPMENT	2.00	Highest	$0	$20,001	$148,866
JEANETTE BARKER	VP STRATEGIC DEVELOPMENT	2.00	Highest	$0	$15,683	$140,719
JACK MALONE	DIRECTOR OF CLEANING & TRA	2.00	Highest	$0	$10,355	$139,427
DAVIDS CORMAN	DIRECTOR OF SAFTEY SERVICES	2.00	Highest	$0	$894	$111,936

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	$10,314,055	$10,416,613	$2,919,343	$-102,558
2022	$7,673,079	$7,738,855	$3,798,184	$-65,776
2021	$4,692,698	$4,146,247	$1,568,608	$546,451
2020	$3,238,126	$2,549,474	$692,754	$688,652
2019	$2,827,828	$2,723,879	$3,605	$103,949
2018	$2,409,365	$2,513,313	$39,521	$-103,948

NASHVILLE DISTRICT MANAGEMENT CORP INC