COOPERATIVE DOWNTOWN MINISTRIES INC (EIN 630884164) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

NICOLE BOOMHOVER

Phone

2052529571

Tax Period

2024-01-01 to 2024-12-31

Cooperative Downtown Ministries, founded in 1985, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2018. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 68% operating margin.

Mission

PROVIDE SHELTER, FOOD, CARE, AND COMPREHENSIVE SUPPORT TO THOSE EXPERIENCING HOMELESSNESS.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,790,398

Program Service Revenue $170,801

Investment Income $-70,008

Other Revenue $-70,836

TOTAL REVENUE $3,820,355

Expense Breakdown

Grants Paid $1,612,038

Salaries & Benefits $1,487,771

Fundraising Expenses $87,981

Program Expenses $3,745,940

Other Expenses $991,776

TOTAL EXPENSES $4,091,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,820,355	$4,863,446	-0.2%
Expenses	$4,091,585	$4,289,483	0.0%
Net Income	$-271,230	$573,963	-1.5%

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

2500

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

$105,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT CAHILL	DIRECTOR	2.00	Director	$0	$0	$0
NICK D'ALESSANDRO	DIRECTOR	2.00	Director	$0	$0	$0
BRETT FAUCETT	DIRECTOR	2.00	Director	$0	$0	$0
DR TED GREER	DIRECTOR	2.00	Director	$0	$0	$0
SHARON HAUKOHL	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE LANIER	DIRECTOR	2.00	Director	$0	$0	$0
VERLON SALLEY	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WAHL	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MARINOS	TREASURER	4.00	Officer Director	$0	$0	$0
JENNIFER MCGAHEY	SECRETARY	4.00	Officer Director	$0	$0	$0
JONATHAN COE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RICKY MISKELLEY	PRESIDENT	4.00	Officer Director	$0	$0	$0
NICOLE BOOMHOVER	EXECUTIVE DIRECTOR	40.00	Officer	$94,622	$11,154	$105,776

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	$3,820,355	$4,091,585	$8,462,421	$-271,230
2023	$4,863,446	$4,289,483	$8,751,516	$573,963
2022	$3,812,423	$3,776,579	$8,645,447	$35,844
2021	$3,578,316	$3,516,841	$9,100,577	$61,475
2020	$2,560,675	$2,815,215	$10,300,765	$-254,540
2019	$2,901,090	$2,492,850	$11,048,439	$408,240
2018	$7,100,913	$2,298,571	$7,409,531	$4,802,342

COOPERATIVE DOWNTOWN MINISTRIES INC