WALNUT CREEK DOWNTOWN BUSINESS ASS… - 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

1990

Legal Domicile

Principal Officer

KATHY HEMMENWAY

Phone

9259336778

Tax Period

2024-04-01 to 2025-03-31

WALNUT CREEK DOWNTOWN BUSINESS ASSOCIATI, founded in 1990, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

LEAN AND COLLABORATE WITH OUR MEMBERS, PARTNERS, AND COMMUNITY TO PROMOTE AND ENHANCE DOWNTOWN WALNUT CREEK.

Program Service Accomplishments

Program 1

Expenses: $195,338 Revenue: $304,627

OKTOBERFEST

Program 2

Expenses: $16,801 Revenue: $67,713

WC UNCORKED

Program 3

Expenses: $50,299 Revenue: $153,714

ICE RINK

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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 $194,105

Program Service Revenue $929,057

Investment Income $0

Other Revenue $4,101

TOTAL REVENUE $1,127,263

Expense Breakdown

Grants Paid $12,953

Salaries & Benefits $378,050

Fundraising Expenses $0

Program Expenses $262,438

Other Expenses $728,429

TOTAL EXPENSES $1,119,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,127,263	$903,305	+0.2%
Expenses	$1,119,432	$903,614	+0.2%
Net Income	$7,831	$-309	-26.3%

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

714

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

$118,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HIRAHARA	PAST PRESIDENT	5.00	Director	$0	$0	$0
DAN BATLIN	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN BARTLETT	DIRECTOR	5.00	Director	$0	$0	$0
MOE DELFANI	DIRECTOR	5.00	Director	$0	$0	$0
JIM FIDELIBUS	DIRECTOR	5.00	Director	$0	$0	$0
BARNEY FONZI	DIRECTOR	5.00	Director	$0	$0	$0
KRISTY LINCOLN	DIRECTOR	5.00	Director	$0	$0	$0
BOB LINSCHEID	DIRECTOR	5.00	Director	$0	$0	$0
KATE LOUGHLIN	DIRECTOR	5.00	Director	$0	$0	$0
ERICA O'LEARY	DIRECTOR	5.00	Director	$0	$0	$0
BOB POWER	DIRECTOR	5.00	Director	$0	$0	$0
SUE RAINEY	DIRECTOR	5.00	Director	$0	$0	$0
CHAD SILVER	DIRECTOR	5.00	Director	$0	$0	$0
PEGGY WHITE	DIRECTOR	5.00	Director	$0	$0	$0
TRACY DIETLEIN	PRESIDENT	15.00	Officer	$0	$0	$0
JENNY PERRY	VICE PRESIDENT	15.00	Officer	$0	$0	$0
ROLLA GHABEN	SECRETARY	15.00	Officer	$0	$0	$0
GARY SKREL	TREASURER	15.00	Officer	$0	$0	$0
KATHY HEMMENWAY	EXECUTIVE DIRECTOR	40.00	Officer	$118,000	$0	$118,000

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	$1,127,263	$1,119,432	$115,375	$7,831
2024	$903,305	$903,614	$121,966	$-309
2023	$605,128	$659,517	$123,184	$-54,389
2022	$501,792	$464,382	$151,264	$37,410
2021	$337,082	$384,516	$278,375	$-47,434
2020	$541,246	$627,805	$64,910	$-86,559
2019	$532,438	$597,863	$98,854	$-65,425

WALNUT CREEK DOWNTOWN BUSINESS ASSOCIATI