DOWNTOWN GADSDEN INC (EIN 631086636) - 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

1994

Legal Domicile

Principal Officer

KAY MOORE

Phone

2565478696

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN GADSDEN INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $256K in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

DOWNTOWN GADSDEN REVITALIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $181,032

Program Service Revenue $0

Investment Income $0

Other Revenue $20,652

TOTAL REVENUE $201,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,706

Fundraising Expenses $0

Program Expenses $203,019

Other Expenses $92,313

TOTAL EXPENSES $203,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,684	$193,240	+0.0%
Expenses	$203,019	$174,321	+0.2%
Net Income	$-1,335	$18,919	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAY MOORE	EXECUTIVE DIRECTOR	40.00	Highest	$82,885	$0	$82,885
TRIPP COLLINS	DIRECTOR	0.00	Director	$0	$0	$0
JUDY RUBEL	SECRETARY	0.00	Officer Director	$0	$0	$0
KEVIN PHILLIPS	TREASURER	0.00	Officer Director	$0	$0	$0
CATHERINE MARTIN	DIRECTOR	0.00	Director	$0	$0	$0
HALEY BAILEY	DIRECTOR	0.00	Director	$0	$0	$0
JOHN LANGLOIS	DIRECTOR	0.00	Director	$0	$0	$0
MICHELE ATKINS	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ALI CAUSEY	DIRECTOR	0.00	Director	$0	$0	$0
SHANE ELLISON	PRESIDENT	0.00	Officer Director	$0	$0	$0
BRETT JENKINS	DIRECTOR	0.00	Director	$0	$0	$0
SYNDEE ISBELL	DIRECTOR	0.00	Director	$0	$0	$0
RHONDA TURNER	DIRECTOR	0.00	Director	$0	$0	$0
ERIC WRIGHT	DIRECTOR	0.00	Director	$0	$0	$0
SPENCER WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
TENA KING	DIRECTOR	0.00	Director	$0	$0	$0
JOHN MOORE	DIRECTOR	0.00	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$201,684	$203,019	$76,348	$-1,335
2022	$193,240	$174,321	$80,474	$18,919
2019	$218,921	$218,233	$41,726	$688
2018	$255,616	$256,231	$40,683	$-615

DOWNTOWN GADSDEN INC